Owning Less Than $10 Worth Of Shiba Inu Can Score You Over A Million Meme Tokens
Portfolio Pulse from Mehab Qureshi
Shiba Inu (CRYPTO: SHIB), a rival to Dogecoin (CRYPTO: DOGE), has seen a rise in the crypto market throughout 2021, despite a significant decline from its all-time high. Owning less than $10 worth of SHIB can get you over a million SHIB tokens. The Shiba Inu protocol has seen a sharp increase in whale transactions, with a surge of 25.72% within the past week. The burn rate of Shiba Inu has also spiked significantly, with a 300% increase over the past 24 hours due to the burning of 109 million SHIB tokens.
July 19, 2023 | 11:32 am
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NEUTRAL IMPACT
Dogecoin, a rival to Shiba Inu, may be indirectly affected by the rise of Shiba Inu in the crypto market.
As Shiba Inu gains traction in the crypto market, it may pose a threat to Dogecoin. However, the impact is uncertain as the crypto market is highly volatile and influenced by various factors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Shiba Inu has seen a rise in the crypto market throughout 2021, with a significant increase in whale transactions and burn rate.
The rise in whale transactions and burn rate indicates a growing interest in Shiba Inu, which could potentially drive its price up in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100