Shiba Inu Metaverse tokens outperforming Dogecoin. What’s the Deal?
Shiba Inu Coin News – Dogecoin (DOGE), which is the largest cryptocurrency meme coin, is having trouble. Since Kraken’s decision to close its cryptocurrency staking operations, the DOGE price has been in decline along with other important digital assets. The U.S. watchdog claimed that the platform offered a unregistered cryptocurrency staking program.
In the past 90 days, however, Shiba Inu ShibaSwap and BONE ShibaSwap have managed to outperform DOGE. SHIB prices have risen by 30%, while BONE prices have soared by 121% over the same period.
SHIB’s successful journey
Dogecoin’s recent bearish trend in crypto market and its fall are due to a variety of factors, including high inflation and extreme market conditions. It is not surprising that other meme coins like Shiba Inu or BONE have overcome all of this and beaten DOGE to become one of the most important cryptocurrencies in volatile crypto markets.
The current price of SHIB at the time of writing is $0.00001259, with a market capital of US$6.91 Billion and a volume amount of $477,353,855 together with total SHIB token availability of 549,063,278,876,302, despite the global market cap of $1.01 Trillion.
Source: CoinMarketCapThere are many cryptocurrencies such as Bitcoin, Ethereum and Dogecoin. However, the rumors have been out and Shiba Inu (and BONE) are showing champion spirit. The cute dog outperformed the popular cryptocurrencies in this environment. Read More Shiba Inu coin News Here…
All you need is BONE
BONE was 3.04% higher at $1.54 at the time of writing. This was more than DOGE which was down 0.7% at $0.08163 as of press time. This is due to the impending launch the Layer 2 Shibarium beta. As you all know, BONE will be the native token that is used to pay for gas transactions as well as reward validators within Shibarium protocol.
Source – CoinMarketCapDisclaimer: The information provided in this article is solely the author’s opinion and not investment advice. “Shiba Inu News” is a website that provides information and education about the current trends in crypto. Anyone who plans to invest in crypto assets needs independent financial and professional advice.
About the author
The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.