Connect with us

News

SHIB in the Top 4 Race of the Most Purchased Cryptocurrency

mm

Published

on

VOC, Shiba Inu, Crypto

SHIB coin is a decentralized cryptocurrency that was created on the Ethereum blockchain. It is designed to be used as a payment system for online platforms and services. SHIB rose to an all-time high of $0.000086158837 on October 28, 2021, following a tweet by Tesla chief executive officer Elon Musk.

According to Research, SHIB has become the fourth most purchased digital asset with an average purchase amount of $35,888 and 2,256,645,536 SHIB.

In addition to APE, other digital assets such as Tether (USDT), Chiliz (CHZ), Fantom (FTM), Yearn Finance (YFI), and Loopring (LRC) are among the most purchased cryptocurrencies in the top 100 wallet addresses.

SHIB thrives in online communities. The tokenomics is designed to incentivize good behavior and participation in online communities. For example, SHIB tokens are earned when users contribute content or add value to a community. These tokens can then be used to purchase goods and services on the Shib platform, or they can be traded on exchanges for other cryptocurrencies.

 

Advertisement

What is the latest in SHIB?

The latest in SHIB is the upcoming launch of their mainnet. The mainnet is set to launch in Q122 and will allow users to earn SHIB tokens by participating in validator nodes. Once the mainnet launches, SHIB will be fully decentralized and will no longer be dependent on the Ethereum network. This is a huge milestone for the project and is sure to increase the price of SHIB tokens. 

If you’re looking to get involved with SHIB, now is the time!

 

Jim Haastrup is a freelance blockchain and metaverse writer. He helps founders, investors, startups, crypto, and blockchain enthusiasts connect with their audience and win investment through the written word.

Newsletter

Trending