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.
Cryptory.net - While the Federal Reserve Governor maintains a skeptical stance on central bank digital currencies (CBDCs), there are individuals who advocate for the United States to consider investing in decentralized tokens such as Bitcoin and SHIB as a means to mitigate the effects of inflation.
The crypto industry has seen many new assets emerge. Dogecoin started as a joke but became extremely popular. Shiba Inu [SHIB] followed a similar path, making early investors very wealthy. In contrast, PEPE aimed to stand out by avoiding the dog theme.
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.