Don’t get me wrong, Dogecoin still appears to be a good play. But it’s not the “crypto darling” it once was last month. The newest and hottest coin out there expected to blow up?
Welcome Shiba Inu Coin (SHIB).
The Shiba Inu coin (SHIB), a meme cryptocurrency inspired by the recent surge of Dogecoin. You can purchase SHIB on Crypto.com, 1Inch and Uniswap. While initially developed as a parody of Dogecoin, the “penny” cryptocurrency has skyrocketed in value.
Known as the “Dogecoin Killer,” the latest meme cryptocurrency to succeed on laughs alone has made its way to to the Binnace platform. Shiba Inu (SHIB) burst into CoinMarketCap’s top 20 rankings a couple of days ago, which many assume is because of the recent success of other meme currency, Dogecoin. Within 48 hours, the SHIB token went from a valuation of $0.000003 to $0.000032 — a 966% increase, which added to over 2,300,000% growth since the start of the year.
The Shiba Inu website claims 50% of the SHIB token supply has been locked into Uniswap to provide liquidity. The other 50% has been sent to Ethereum co-creator Vitalik Buterin as a “burn” gesture, however, Buterin still has full access to the funds.
Binance had a brief press release on SHIB being added to their platform
To learn more about the SHIB coin, check out the video below and listen to what kind of “pump” is expected in the near future.