The global cryptocurrency market cap on Wednesday, April 20, was standing at US$1.92 trillion.
Emerging altcoin Shiba Inu is recently the talk of the town as it gets listed on crypto trading app Robinhood. The token has gained more than 40 million percent in the past year.
The SHIB ecosystem has also dropped several non-fungible tokens or NFTs, and a page for them says they’re currently sold out, though it promises other packs in near future.
Crypto experts believe that Shiba Inu could record a 10% price hike this month. Altcoin investors are having high hopes for Shiba Inu.
It is a tempting investment, especially as its price has skyrocketed in recent times. However, it’s also an incredibly risky altcoin, and it’s likely to experience even more volatility in the future.
By understanding these risks, it will be easier to make informed investment decisions and protect your portfolio.
Shiba Inu is an ERC-20 token created on Ethereum by an anonymous individual known as Ryoshi.
Shiba Inu’s website says that the coin is a decentralized meme token that is growing into a vibrant ecosystem.
SHIB is an experiment in decentralized spontaneous community building. SHIB token is our first token and allows users to hold Billions or even Trillions of them.
Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking).
The token’s whitepaper says that the intention is to build an ecosystem consisting of three tokens with different supplies.
SHIB is the ecosystem’s foundational currency with a max supply of one quadrillion.
LEASH is the second token created and has a supply of 107,646 tokens and the third token is BONE with a supply of 250,000,000 tokens.
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