Shiba Inu was developed to see what would happen if a digital project was created that was fully managed by its community. The project was described as an attempt to build a decentralized community where individuals could rely on themselves instead of relying on a central third party to manage their projects.
Shiba Inu belongs to the ERC-20 category, which is a decentralized protocol used to send and receive money over the Internet. These operations are supervised by the Shiba community. Ethereum founder Vitalik Buterin used Shiba to donate to India to confront the repercussions of the Corona virus, which was known as the largest donation in history using digital currencies. Therefore, considering that the number of donated units exceeds 50 trillion and is worth more than $ 1 billion.
Shiba Inu Features
It is considered one of the leading cheap currencies for the year 2022, which attracted users to it and made it easy to invest in it and buy large quantities with small amounts. The cheap price of this coin has already prompted many to turn to Shiba coin, in order to benefit from the potential rise.
Shiba coin has a supportive community, in addition to the support it receives from Elon Musk and Vitalik Buterin
https://e.vg/rLaCjdeo? Sign up for $20, and you can get a $10 bonus for every friend you invite. You can earn 300-800 USD per day. It only takes 3 minutes to get the rewards, and you can withdraw them at any time.
Advice to those who invest in PEPE: Hold on and do not sell, because if you sell now for fear of a decline, you are helping the currency go down, but PEPE will continue to rise. Patience and not recklessness is what is required.
🔴$PEPE currently has a market cap of $3,146,083,841 USD $DOGE currently has a market cap of $26,138,382,369 SHIB's market capitalization is currently $ $24,056,865,767 $BONK currently has a market cap of $2,435,313,051 $WIF currently has a market cap of $1,798,382,162 FLOKI currently has a market capitalization of $1,395,381,390 $MEME currently has a market cap of $459,306,626 The market cap is currently $MYRO $365,928,829 $WEN currently has a market cap of $265,317,942 The market cap is currently $COQ $205,925,723 If you examine the market cap of DOGECOIN and PEPE, you will see that it will be much easier for PEPE to reach 2x compared to Dogecoin. The strategy we use with Meme coins is that we get them early with a low market value and so we can easily...
Pepe (PEPE) has become the top gainer in the cryptocurrency market, with its price shooting up significantly in both daily and weekly performances. But there's a warning:
PEPE might face a long squeeze this week, which could cause its price to drop sharply.
Even though PEPE's price surge has excited early investors, it has also led to many traders betting on its rise in the derivatives market.
This has increased PEPE's open interest to over $510.35 million, which is 16.4% of its $3.11 billion market cap.
PEPE's 24-hour derivatives volume has also risen, reaching $6.70 billion, an 81% increase compared to its 41% daily price jump to $0.00000755.
The liquidation heatmap for PEPE suggests a possible crash soon.
Traders put up collateral for each new long position they take, agreeing to sell if the price falls below a certain level.
If PEPE drops past these levels, triggering liquidation, it could lead to a series of sell-offs and an 85% crash to $0.000001.
It's common for meme coins like PEPE to experience such drops after periods of excitement. However, PEPE's future depends on how much money flows into it in the coming days.
Cryptocurrency traders and meme coin speculators need to stay alert due to these potential risks.