“Nicknamed the DOGECOIN KILLER, this ERC-20 ONLY token can remain well under a penny and still outpace Dogecoin in a small amount of time (relatively speaking)”, says their official website.
SHIBA INU (SHIB) is an experiment in decentralized community building and another meme coin similar to Dogecoin calling itself a Dogecoin Killer. SHIB is the native token of SHIBA INU and will be the first token to be listed and used as an incentive for using ShibaSwap, a decentralized exchange. The token has market capital above 10.38 billion dollars and a 24-hours trading volume of 13.38 billion dollars. SHIBA INU today’s price is $0.000026 and ranked #19 on CoinMarketCap. The coin was listed on the following exchanges and today Binance has listed the token too.
The listing is on Binance is special in the way that the coin has gained a quick 77.47% price increase in just 24 hours. The trading pairs offered on Binance are SHIB/USDT and SHIB/BUSD available to trade at 2021-05-10 11:00 AM (UTC).
- There is a higher risk for relatively new coins as the top three wallets hold the maximum supply as 50%, 7%, and 3% as shown on the etherscane blockchain.
- After listing on Binance, the coin is expected to suffer high volatility.
Shibatoken.com provides two more tokens besides SHIB, named LEASH (which is already available in the markets to buy) and BONE (aka DOGECOIN Killer, still waiting for its launch). SHIB token is soon launching its own exchange to be named as ShibaSwap. The BONE token is said to empower DeFI and will be available to buy after the reveal of ShibaSwap.