SHIBA INU COIN Announced That Shiba Inu will Skyrocket To $0.1 Soon!!
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Shiba Inu is the third most talked-about cryptocurrency, trailing only bitcoin and Ethereum in terms of popularity. Because of the increasing popularity of the coin, analysts and investors have begun to wonder whether Shiba Inu has replaced Dogecoin.
The coin employs Proof of Stake POS, which ensures that no more tokens are created than are currently accessible on the market as opposed to Dogecoin that uses Proof of Work. Because there are no new coins entering circulation, new investors have superior profit prospects in Shiba Inu. As a result, investors now prefer Shiba Inu to Dogecoin.
The development of the Shiba ecosystem beyond its initial'memecoin' purpose is driving the rise in the value of SHIB. Shiba has plans to develop an NFT game (the Oshiverse) as well as Shibarium, a Layer-2 solution, in addition to unveiling the Shiboshi NFTs earlier this month.
Fans of the Shiba Inu are congratulating themselves after their favorite currency rocketed to the top of the charts. Since the rally began on Friday, SHIB has risen to a new all-time high, surpassing the previous high set on Saturday
Shiba Inu Coin (SHIB) has risen 40 percent in just 16 hours, surpassing its previous All-Time High (ATH), with the cryptocurrency currently trading at a high of $0.000044.
SHIB is went on to become the 11th largest cryptocurrency in terms of market value, according to CoinGecko, with a market valuation of $19.3 billion.
An 800 billion SHIB burn appears to be the reason for this increase. The Binance-16 wallet sent SHIB worth $877 millionto a non-existent receiver just before the initial breakout. This piece was worth around $25,000 when this happened, and it is now worth around $34,000.
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