Due to the bearish situation in the crypto market, the price of the MEME token fell on 3/13/20/23 and may hide a bright future.
The basic principle of Shiba Inu coins
THE "DOGECOIN KILLER" OF THE CRYPTOCURRENCY MARKET IS SHIBA INU COIN (SHIB). The decentralized cryptocurrency developed in 2020 runs on the Ethereum blockchain.
Because of her puppy memes and extremely low transaction fees, she has cultivated quite a few followers.
In fact, Shiba Inu Coin is the second largest meme coin and has a loyal following known as the "SHIB Army." Shiba Swap, her own DEX, lists her.
The Shiba Inu Burn program is one of the most important advancements in the Shiba Inu ecosystem. Its main goal is to limit the number of coins in circulation.
Establish scarcity and cause token prices to rise.
Shibarium is a more important breakthrough after that.
Information about the value of Shiba Inu coins
Shiba Inu Coin's 24-hour trading volume is $427,176,311 and the current price is $0.000010.
The decline in cryptocurrency prices can be attributed to the current deteriorating state of the cryptocurrency market and the massive sell-off of SHIB tokens by bankrupt broker Voyager Digital.
Of course, Voyager Digital has a significant impact on the cryptocurrency industry. It is thought to contain about 5.5 million tons of SHIB alone.
However, the broker reportedly sold more than 4.4 million of them to different addresses.
Why is Shiba Inu Coin so popular?
Many factors support investors' interest in this cryptocurrency. On March 9, 2023, a total of 2 billion SHIB tokens were burned.
Increase the 24-hour burn rate of cryptocurrencies to approximately 300%.
The ecosystem has around 590 billion SHIBs in circulation, and its purpose is to reduce the supply of SHIB tokens and increase demand.
This gradual increase in scarcity may increase the value of the token to investors, pushing up the price of Shiba Inu.
The Shiba Inu development team also revealed that beta testing of Shibarium has begun, a rapid Tier 2 upgrade to the SHIB ecosystem.
Users are asked to keep an eye out for more information on how to access the beta version.
The Shiba rium protocol is supported by thousands of SHIB developers and supporters. Shiba Inu community members are already enthusiastic about the expected growth of the network.
Also, another reason why crypto SHIB may increase is that it will now be accepted as payment via Visa card.
In fact, Gate Group, the parent company of well-known cryptocurrency exchange Gate.io, has revealed plans to launch its Visa Gate debit card in Europe.
The card will enable customers to make purchases using Shiba Inu (SHIB) and other cryptocurrencies at 80 million merchant locations that accept Visa.
What about this new token with the potential to surpass Shiba Inu?
Love-hate dogs are currently the most popular token. In addition to surpassing Shiba Inu Coin, it may also replace DogeCoin.
The goal of cryptocurrency is to reward community members for participating in polls and polls on various topics. Therefore, it is a voting-earning mechanism.
Pre-sales of the project have already begun, raising more than $200,000 within hours. In order to benefit from potential future gains, it is always feasible to invest in LHINU.
SHIB coins enter the red zone.
Shiba Inu introduces Shibarium and reduces its supply.
SGD Love Hate Inu has high growth potential.
Over the past twenty-four hours, Shiba Swap's BONE cryptocurrency price has risen by more than 25%. From the beginning of the year, the value of this dog-themed corner gradually increased.
After a few days of red, BONE's value rises above 1.6 euros and goes green. Many investors are debating whether to invest or not.
The BONE cryptocurrency is on the rise
The governance token of the Shiba Swap ecosystem is the BONE cryptocurrency. The market capitalization is 390 million euros, and the total number of tokens is 229 million. On Coinmarketcap, it ranks 88th among the top 100 cryptocurrencies.
In the last 24 hours, BONE's value has increased by 25%, from €1.31 to €1.75. At the time of writing, this rise drops the value of Bone to 1.71 euros.
At the same time last year, the same Shiba exchange coin was worth less than €0.5 (exactly €0.489). Prices have increased by 71% over the past year relative to current prices.
This performance of BONE is encouraging investors to invest, but is it a wise decision?
BONE cryptocurrency price prediction
When investing in a cryptocurrency, it is essential to analyze its previous performance and development and its growth potential.
THE PRICE PREDICTION FOR THE BONE CRYPTOCURRENCY IS QUITE OPTIMISTIC. They predict that by the end of the year, the BONE cryptocurrency will be worth 2 euros. In the long run, the BONE cryptocurrency should reach €10 within 5 years.
Therefore, the BONE cryptocurrency has great potential for growth. Investing in this cryptocurrency can be beneficial.