Why Bitcoin’s popularity could soon fade away

Bitcoin’s smaller rivals are eroding its share of the $2 trillion digital currency market

Of the dozens snapping at its heels, most alternative coins have little use beyond financial trading, but very few investors seem bothered.

It’s led to analysts to raise a question “could bitcoin die” ?

Rise of alt-coins and more hate from Musk?

As the rise of Shib Coin, Dogecoin and Ethereum continue at rapid speeds, and Elon Musk swings some hate for Bitcoin’s environmental impact, the number one crypto could become a memory.

Ethereum, the worlds second largest digital currency has risen to all time highs over recent months, as investors gain momentum behind the crypto created by Vitalik Buterin.

Ether – as it’s also known by, has risen beyond $4,000 USD.

According to Forbes, an expert panel of crypto investors has predicted that the world’s second-largest crypto will rise to $20,000 by 2025.

The prediction comes due to the “major upgrades” that are set to be made to the Ether network potentially pushing it higher.

The rise of Shib Inu Coin

The “Shiba Inu coin” also known as SHIB coin or $SHIB is rising in popularity. Much like Dogecoin – it started out as a meme, but now crypto investors are seeing some potential.

Shiba was founded by the mysterious Ryoshi, in 2020. 

Shibu Inu coin can be bought as tokens directly from their website, or through popular third parties like the Uni-swap platform.

What about Dogecoin?

Doge took a hit in recent weeks after Tesla CEO Elon Musk referred to it as a ‘hustle’ on live TV.

At the same time however, the billionaire has been vocal with his support of the crypto, going as far as tweeting a poll if Tesla should accept Doge as a payment method.