Jakarta –
The existence of Dogecoin is currently being staked out by a new cryptocurrency called Shiba Inu. The founder of Shiba Inu claimed that the digital token was born as a competitor to Dogecoin, which Elon Musk often praised
Launch Hypebae, Thursday (13/5/2021), the Chinese-born coin has increased by 32,929 percent in the past month.
Shia Inu Token itself has a logo that is almost the same as Dogecoin, a Shiba dog. But unlike Dogecoin which started as a meme, the dog logo on the Shiba Inu Token looks fierce.
The SHIB-coded crypto has claimed to be the ‘Dogecoin killer’. Moreover, currently SHIB is on the rise.
SHIB was launched less than a year ago in China. As of now, one of his tokens is worth less than US $ 0.00002. Although it has received a lot of attention since landing on cryptocurrency trading platforms like Binance and OKEx.
So far, SHIB has gained traction in China with promotions on social media platforms such as WeChat and Weibo. This token has increased in value by 37,929 percent over the past month and 2,081,399 percent in the past year.
Despite all the enthusiasm, professionals have warned that the Shiba Inu Token may be a lot more risky than other cryptocurrencies.
(the / hns)
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