What is the Shiba Inu Coin - And Why Are Big Exchanges Noting It?
At press time, Shiba Inu, SHIB, is the 18th biggest cryptocurrency by market capitalization. SHIB's current market cap is $12 billion. So what is the mysterious Shiba Inu Coin?
Increasing popularity of the coin has actually resulted in it being called a "meme coin" by social networks.
A meme coin, SHIB functions similarly to Dogecoin, DOGE, which is presently the 4th largest cryptocurrency with a market capitalization of $65 billion.
Utilizing a SHIB token, users can hold Billions or perhaps Trillions of them, as according to the SHIB token site; "SHIB is an experiment in decentralized spontaneous neighborhood structure. These tokens are our very first and the users can hold them in substantial amounts."
"We burned 50% of the supply to Vitalik Buterin", and "we locked 50% to Uniswap and threw the crucial away".
In recent days, 3 of the huge cryptocurrency exchanges have noted SHIB on their platforms, equaling the high demand.
In the midst of a crypto boom, Binance, the biggest crypto exchange based upon market cap, just recently noted SHIB token on its platform.
Although Binance noted SHIB, it ran out of Ethereum deposit addresses.
" We follow our users. A lot of people wants SHIB, and we ran out of ETH deposit addresses today since of SHIB.
Following the big demand on the USDT market, KuCoin likewise listed the SHIB token on May 10th. The KuCoin listing of SHIB activated a huge trading volume of $100,000,000.
According to OKEx CEO Jay Hao, "we enjoy that the SHIB token has actually been listed on our platform, to open the crypto entrance to lover investors."
Shiba Inu's speculative spirit is just what the blockchain and crypto space requires, he included, which even more underscored why the OKEx platform invited them to the platform.
SHIB's high and low in the last 7 days are $0.00000155 and $0.00003532, respectively. Its price has increased by 44% because period. It is a meme coin, so trade at your own risk, as this is an NFA.
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