Outlook Spotlight

Shiba Inu Price Rally | A Deep Dive Into SHIB’s Massive Price Rallies And Growth Over The Years, And Guide To Shiba Inu Upcoming Trends

The Shiba Inu ecosystem has 3 tokens, SHIB, BONE, and LEASH, and they all have their unique functions.

Advertisement

Shiba Inu
info_icon

Shiba Inu has earned its place as one of the most widely embraced cryptocurrencies and meme coins, with its presence extending to countless wallets worldwide. Shiba Inu, or SHIB as it is sometimes referred to, currently sits as the 16th biggest coin by market capitalization at well over $4 billion. Shiba has risen to a prime spot in a few short years, and has been able to play a dominant role. However, what are the upcoming future trends for Shiba Inu and what does SHIB have in store and in the pipeline?

Shiba Inu has evolved from its meme coin origins to become a token spearheading the larger Shiba Inu ecosystem now made up of 3 tokens in total, namely SHIB, BONE, and LEASH, as well as its recently launched Shibarium test network dubbed “Puppynet”. As the meme coin and crypto spaces evolve, Shiba Inu holders and crypto enthusiasts alike are looking at new interesting tokens such as newcomer ApeMax , the first boost-to-earn token .

Advertisement

What is the difference between SHIB, BONE, and LEASH in the Shiba Inu ecosystem?

The Shiba Inu ecosystem has 3 tokens, SHIB, BONE, and LEASH, and they all have their unique functions. SHIB is the primary token used to power the decentralized, community-guided currency to its holders across the globe. BONE is Shiba Inu’s governance token and used for voting on proposals in the Doggy DAO. And finally LEASH is a special token for exclusive holder perks and exclusive access to special minting events and more.

What is new crypto coin ApeMax?

ApeMax is a young fresh crypto coin and the world’s first boost-to-earn coin. The ApeMax presale is now open for a limited time, and eligible buyers can get their ApeMax tokens at presale rates. 

Advertisement

ApeMax stands out in a sea of new coins due to its unique and exciting tokenomics model, whereby buyers get instant access to their tokens, and can start staking on or “boosting” entities that they’re fans of and earn rewards in the process. For those interested in learning more about an intriguing new coin, ApeMax could be the one to watch.

info_icon
ApeMax

Has Shiba Inu’s price rallied in the past?

Shiba Inu’s price has rallied in the past and in a bit more than 3 years, from early August 2020 to early September 2023, SHIB’s price has soared by over 770,233.63%. Shiba Inu’s token price rallied even harder during the past crypto bull run, when its price was almost 10 times higher than what it is today. That being said, Shiba Inu has also been one of the more highly volatile crypto coins, and following the crypto bull market of 2021, the coin’s price fell drastically and has since been trading sideways. The Shiba Inu ecosystem continues to evolve and the upcoming Shibarium release is one of the hot crypto news topics today.

When and by who was Shiba Inu Created?

Shiba Inu was created by an anonymous developer or group of developers who go by the pseudonym "Ryoshi." It came into existence in August 2020, emerging as a decentralized cryptocurrency project inspired by the Shiba Inu dog meme and the broader meme coin trend. 

What are the Shiba Inu burn events?

Shiba Inu burn events refer to deliberate actions taken by the Shiba Inu community to reduce the circulating supply of SHIB tokens. These events typically involve sending a large number of tokens to a wallet address with no known private key, effectively removing them from circulation. The first major burn event occurred in June 2021. Shiba Inu burn events are widely monitored by Shiba Inu fans around the world. 

Advertisement

info_icon
ApeMax

Is Shiba Inu similar to Dogecoin?

Shiba Inu shares some similarities with Dogecoin as both are meme-inspired cryptocurrencies featuring the Shiba Inu dog breed. However, they also have significant differences. While Dogecoin was initially created as a lighthearted and inflationary cryptocurrency, Shiba Inu was designed with a more complex ecosystem, including its own token (SHIB) and related tokens. Additionally, Shiba Inu gained popularity by positioning itself as a decentralized and community-driven project, whereas Dogecoin retains a more casual and humorous reputation.

What does the future of Shiba Inu look like?

Much of the near future of the Shiba Inu ecosystem is related to the launch of Shibarium , a dedicated Layer 2 for SHIB . The official Shiba Inu website recently announced that the Shibarium early beta test is now live on their Puppynet test network. Shiba Inu has also recently launched Shibaswap, a decentralized exchange with features such as staking and analytics. It is hard to predict the future of Shiba Inu, but based on the current trends it seems that the development of the Shiba Inu ecosystem and the launch of Shibarium on the main net will be amongst the main priorities going forward. As the crypto market is constantly evolving, we will have to wait and see what the future holds. 

Advertisement

Prior to contemplating any cryptocurrency, it is of utmost importance to conduct thorough independent research, consult with unbiased advisors, and gain a comprehensive understanding of the associated risks. All cryptocurrencies, including meme coins, are renowned for their high unpredictability, substantial volatility, and risks. It is imperative to comprehend that cryptocurrencies have risks. Additionally, cryptocurrency may not be suitable for everyone. Furthermore, please take note that ApeMax is not available for purchase by buyers in specific countries. Ineligible countries include the USA, Canada, and other restricted places. The full list of restricted countries can be found on the official ApeMax website.

Advertisement

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement