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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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
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