If you can't be under the stone, you must have heard of Shiba Inu. This is the second popular meme coin on the Ethereum blockchain. From zero growth in 2020 to more than Dogecoin in 2021, SHIB has become the largest meme coin with the highest market value, and has become today's headlines.
Since the beginning of 2023, SHIB has gained great momentum. With its ongoing new projects, large-scale updates and new strategic partnerships, the coin has become very popular on social platforms and has received the urgent attention of a new close investor.
The following are the main reasons why Shiba Inu is likely to leave Dogecoin:
Shibarium is a second-tier blockchain technology that operates above the main Ethereum network. It is committed to providing a platform for users to develop plans. Shibarium recently won strong support from the cryptocurrency wallet service provider Atomic Wallet.
We will apply @ ShibariumNet in Atomic! The second layer of Internet will be operated by @ Shibtoken for # ShibArmy
– Molecular wallet @ AtomicWallet
Read more: Shiba Inu will govern the cryptocurrency market in 2023
Recently, Shytoshi Kusama, the chief developer of Shiba Inu, said that one of Shibarium's goals is to ignite billions of tokens. This statement has caused shock in the SHIB community. The ignition of cryptocurrency tokens will also increase its value and scarce resources.
According to CoinMarketCap data, memes have risen rapidly in the past month, with prices soaring by 150.5% in the previous 30 days. According to the 15th largest market value of crypto assets, the current trading price is US $0.0000119 (up 2.4%), and the 24-hour trading volume is US $315060230.
One of the reasons why the price of Shiba Inu has soared recently is that memes have recently been auctioned at the largest data encryption trading center in Seoul.
To sum up, SHIB is still far from the historical high of around US $0.000086 set in October 2021. Cryptocurrency still has the development potential to promote the fashion trend of meme.
Please also refer to: SHIB theme style hamburger - Shiba Inu, the first step to IRL's new project
Note: Coingape's public recommendations are not investment value analysis. Investors should conduct financial due diligence before making any high-risk investment in all their cryptocurrencies.
Polkadot was launched in May 2020. In a market dominated by Bitcoin and Ethereum, it quickly established itself as the next generation blockchain. The scale and interoperability problems limit Bitcoin's ability to transfer value without the assistance of
For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves
Lummis is a well-known crypto advocate on Capitol Hill with over $100,000 in crypto.
Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.
ARK Invest filed for a spot Bitcoin ETF in collaboration with 21Shares long before BlackRock did, and its application is reportedly first in line for the SEC’s approval.
Interestingly, the price surge was on the back of increased activity from whales, as indicated by on-chain data. The increased activity led to an increased"/>
Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent"/>
DOGE, the internet's favorite memecoin, is back in the spotlight. Recent data reveals a surge in futures market activity, coupled with bullish technical"/>
The recent stratospheric rise of Bitcoin, reaching a new all-time high of $73,000, has sent ripples of excitement and trepidation through the crypto world."/>
Co-founder of Tornado Cash Roman Storm has filed a motion to dismiss the charges levied against him by the US Department of Justice (DOJ)."/>
On Thursday, March 28, a hack occurred on Prisma Finance, a decentralized lending protocol on the Ethereum network. The exploiter carted away about 3,257.7"/>
Once fully licensed in Dubai, Bybit plans to run a full-scope exchange, offering crypto lending, payments, investment and other services.
Tue, 18 Apr 2023