Cryptory.net - The Shiba Inu cryptocurrency's burning mechanism experienced a significant increase in December when around 36 billion assets were destroyed.
Cryptory.net - According to a recent report from blockchain security auditor Hacken, investors can typically identify cryptocurrency rug pulls with relative ease, as most of these scams exhibit noticeable and identifiable characteristics.
In 2021, Shiba Coin emerged unexpectedly, akin to PEPE Coin. It faced its first bear market due to the Fed's monetary policy. Suffering significant value loss, Shiba Coin continually strives to survive through innovative measures.
Despite Bitcoin (BTC), the dominant cryptocurrency, facing challenges to surpass the $30,000 mark and the overall market experiencing sluggishness, there is a glimmer of optimism that Shiba Inu (SHIB) may eventually reach a trading value of $0.01.
The meme coin market capitalization experienced a positive trend from June 22 to July 23, rising from $15.54 billion to $16.29 billion, a growth of over $759 million or 4.82%.