Amid scepticism about Shiba Inu's (CRYPTO:SHIB) long-term viability, a prominent crypto investor, known as Crypto King, remains bullish on the meme coin's prospects.

Responding to critics who foresee a decline in SHIB's value, Crypto King argues that the token's widespread adoption on various exchanges and its vibrant community support position it for sustained growth.

He likens SHIB's status among meme coins to that of gold, indicating its established presence in the market.

Despite recent price fluctuations, Shiba Inu continues to expand its utility beyond meme status, with initiatives like ShibaSwap and Shibarium.

While the coin faces resistance and support barriers, analysts note a demand zone around its current price level, suggesting potential for further growth.