What’s better than Bitcoin? Bitcoin with dogs! Introducing Shibacoin, the cryptocurrency that lets you invest in dogs without the high fees and volatility of other coins. Shibacoin is an altcoin that allows you to buy, sell, trade, and transact with Shiba Inus (SHIB) tokens based on their market value.
Don’t miss out on this chance to make your dogecoin dreams come true.
Tokens, especially alt tokens, are notorious for their sudden sporadic volatility. In assets, volatility can lead to catastrophic losses or astronomical gains. Many cryptocurrency investors end up going for altcoins because of the multifold gains made by those who choose the right coins.
A new cryptocurrency based on dogs has surpassed Shiba Inu (SHIB), Dogecoin, and many others in seeing crazy returns in relatively short periods of time. On November 22, a Shih Tzu (SHIH) token, named after a breed of small dogs that originated in China, went on a wild rally of two hours.
Against its previous value of $0.000000009105, the token’s value rose to $0.00005477, a gain of 6,01,438 percent, accompanied by a 65 percent increase in trading volume across major cryptocurrency exchanges.
SHIH’s price movement is unexplained and sudden. Kokoswap, Ethereum Meta, and ARC Governance are examples of tokens which have seen unexpected price movements.
Sharat Chandra, a blockchain and emerging tech evangelist for ET, told the news outlet that the price rally does not appear sustained at this point.
Cryptocurrency popularity and the increase in value of major cryptocurrencies like Bitcoin, Ethereum, and others have also led to an increase in scam coins. The recent Squid Game Token scam cost investors millions, and other scams, like Dubai Coin, also took advantage of established names to defraud investors.
According to the token’s website, it operates on Ethereum and Binance’s blockchains.
Shih-Tzu tokens are built on Ethereum and Binance Smart Chain and are designed to help improve the quality of life, as well as the happiness of animals and critters worldwide. The website says, “With a growing community, we support and donate to animal rights support groups, advocates, and causes.”
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Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
