He, however, advised investors to allocate a small percentage of their portfolio to this token. It is unlikely that Shiba would hold onto the momentum it had witnessed last year," said Sharat Chandra, VP- Research & Strategy, EarthID, a self-sovereign Identity Management Platform. Matic has, however, already flipped Shiba Inu in market capitalization thanks to the 16 per cent rebound in its prices. "The news that Shiba will list on Robinhood app in February has renewed investors' interest in the token. The latest surge in the coin has been fuelled by a strong rumour that Shiba Inu will likely list on Robinhood. By continuing to use Live Coin Watch you agree to our cookies policy. The coin’s success depends largely on the growth of the community and its utility has a lesser role to play in this regard, explains Raj A Kapoor, Founder, India Blockchain Alliance.
This chart uses the initial supply of 1 quadrillion.
Shiba is an altcoin, meaning it is community-based. Burns are calculated using three special addresses, two dead wallets which have no obtainable keys and tokens sent to the Genesis address (Black Hole) which reduces the supply. SHIB in Black is a community-driven project reflecting SHIB. The traded volume of Shiba Inu has surged nearly 105 per cent, the data from Coinmarketcap suggests. In the last 24 hours, the thirteenth largest crypto asset has rallied more than 15 per cent and is now boasting a market cap of little less than $19 billion.
However, it is important to note that cryptocurrencies, especially meme coins, are a highly volatile investment. The platform will list upcoming new tokens that are launched or in its early stage. Real-time trade and investing ideas on SHIBA INU SHIB.X from the largest community of. An investment of Rs 1,000 in the token would have turned into Rs 25,00,00,000 during the period. Shiba Watch is a multi-functional platform that aims to provide a safe space for investors to invest in. The meme coin has appreciated 2,50,00,000 per cent in the last one year.
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