12/29/2023 0 Comments Shib coin watchAside from operating as a DEX, ShibaSwap also boasts non-fungible token (NFT) capabilities. This is done through the platform’s decentralized exchange (DEX) aptly named ShibaSwap where users can provide liquidity, stake, and swap different assets almost instantaneously. Another is that Shiba Inu wants to take the canine-themed crypto sub-sector further than where it met it.ĭeveloped as well by a mysterious character known simply as ‘Ryoshi,’ Shiba Inu is looking to create an entire ecosystem where it keys into trending blockchain solutions while still engendering a fun and dynamic community of users. For one, it is built on the Ethereum network, which is the premier destination for all smart contracts-enabled blockchain-based applications. However, in some situations, Shiba Inu differs from Dogecoin. Tesla and SpaceX boss Elon Musk is a popular supporter and is a major influence in the price gains and ebbs of both tokens. The similarity is taken further by the massive online communities both crypto protocols enjoy. For one, it is a meme coin and another is that it shares a similar name to the premier dog-themed crypto asset. Shiba Inu shares a few similarities with the popular Bitcoin knock-off, Dogecoin. Shiba Inu: Taking Meme Coins To The Next Level In this article, we will consider the asset’s recent rally and see if this is a great time to invest. With meme tokens becoming more popular by the day, several investors are out to buy SHIB due to its low price. The meme coin is up 8.115% in the last 24 hours. One of such is Shiba Inu, a Dogecoin knock-off, which has been on a tear lately. Even though most dog-themed virtual currencies lack any real-world use case, they have massive online communities. ![]() The once-disregarded sub-sector is making a name for itself. Meme cryptocurrencies are one of the hottest assets in the crypto market currently. The content on this page is for information purposes only. Please note that we are not authorised to provide any investment advice.
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