![]() ![]() The SHIB tokens experienced a massive price drop during the crypto crash 2022. It’s hard to say if and when will Shiba recover, as growth largely depends on the success of new features, including the built-in token exchange dubbed ShibaSwap, the Shiba Inu Incubator, and Shiioshis, a collection of 10,000 unique NFTs. The next major resistance level is at $0.0000075, and if the token manages to surpass it in the next few weeks, it could go on a mini bull run again. Therefore, the token’s price has stabilized between $0.0000070 and $0.0000072. However, the market cap is slowly shrinking, losing 0.50% during the same period. If we look at the price movements in the past 24 hours, SHIB tokens have an increased trading volume of 47.31%. However, while the token gains some value over time, it’s showing little growth potential in the upcoming months, despite announcing new features and token use cases. Shiba Inu is trading for $0.0000072, a significant increase compared to the prices from just a few months ago. Shiba Inu Price Movements- Can SHIB Recover? So let’s see will Shiba recover and why investing in new cryptos is better than putting your money in SHIB tokens. Tokens such as $AI, $WSM, $SPONGE, and $COPIUM are currently in focus. That’s why investors are turning to new cryptocurrencies with high gain potential. While SHIB tokens are gaining value, the growth is slow and has a low-gain value. However, Shiba Inu promised to introduce new use cases for the SHIB token, including a built-in crypto marketplace, a metaverse, and others to help drive value to the platform. SHIB, DOGE, and many other cryptos without any real-world applications were destined to lose value over time. That includes Shiba Inu, Dogecoins, and all other popular crypto investments. The entire crypto market lost over $2 trillion during the largest market crash in recent history, affecting all altcoins and other digital assets in the process. Viral iterations of the meme persisted on TikTok going into May 2023.2022 was the worst year for crypto markets on record. On April 20th, YouTuber GaryViews posted an "I'm SpongeBob" meme, gaining roughly 8,300 views in two weeks (shown below, right). Original meme were posted to YouTube therafter, such as a One Hour Long version posted by YouTuber 1hour Music on April 18th, gaining roughly 8,300 views in 16 days (shown below, left). #CapCut sponge #amongusfeetvore ♬ original sound – Spongebob gets raped by patrick! □ #fyp #spongebob #imspongebob ♬ original sound – Im_Spongebob! Soon after, copycat gimmick accounts started to post "I'm SpongeBob" memes, such as TikToker on April 14th, 2023, whose video gained roughly 57,100 plays and 3,600 likes in three weeks (shown below, right). ![]() The video gained roughly 890,100 plays and 102,200 likes in three weeks (shown below, left). For instance, on April 12th, 2023, TikToker posted a video that repeated the sound effect over and over again, using a CapCut template to show SpongeBob holding up a photo to an identical figure. TikToker continued to post similar and increasingly absurd iterations of the "I'm SpongeBob" meme in April 2023. #amongusfeetvore ♬ original sound – Spongebob Over the course of one month, the video gained roughly 35,500 plays and 3,500 likes (shown below). The sound of SpongeBob's voice saying, "I'm SpongeBob" was used. ![]() On April 7th, 2023, TikToker posted a video that used the Peter What Are You Doing? Crack scene from Family Guy and replaced Brian with a stock image of SpongeBob. When playing as SpongeBob in the game, one of SpongeBob's sound effects was saying, "Hi, I'm SpongeBob," evident in TikTok videos posted in early 2023. The "I'm SpongeBob" sound effect also became well-known due to the fan-made Roblox game The Spongy Construction Project. ![]() It's also the same scene that the Oh That's Real Nice meme template originated. The second use of the sound effect is the one that was used by TikToker (YouTube upload shown below). In the second scene, SpongeBob is hiding in a toilet and having a flashback to when he introduced himself to Flats. In the first, SpongeBob introduces himself to Flats the flounder. The sound effect is used in two consecutive scenes. The SpongeBob episode that the "I'm SpongeBob" sound effect is from is season 3, episode 43b "The Bully" which aired on Nickelodeon on October 5th, 2001. #fypage #gta5 #memes #funny #viral #spongebob #21centuryhumor ♬ Call Saul now – Saul On September 27th, 2022, TikToker posted a video in which Grand Theft Auto character Michael was confronted by SpongeBob who said, "Hi, I'm SpongeBob." The video gained roughly 572,400 plays and 69,000 likes in seven months and is currently the first known meme to use the "I'm SpongeBob" sound (shown below). ![]()
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