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Crypto Price Today Live: Bitcoin below $19k; Shiba Inu & Dogecoin drop 3%

While the shiba inu tokens may seem friendly, they are causing havoc on the Ethereum blockchain. According to The Block Research’s Igor Igamberdiev, transactions involving the shiba inu tokens are now using up 10% of available gas, the token used to pay for Ethereum fees. According to Etherscan, this has helped raise fees to around $20 for a simple transaction and around $180 for a swap on Uniswap. Sheba cryptocurrency The last few weeks have been eventful for this meme coin. Currently trading at $0.00001402 with a 24-hour trading volume of $431,723,602, the Shiba Inu price has witnessed a massive surge. Many experts believe that if SHIB continued to soar, it might reach the new ATH this year. Read More Shiba Inu Coin News Here…

Crypto shiba inu coin

Already on Monday, 22.3 million SHIB were destroyed forever in three transactions. On January 24, the Shiba burn reached its year-to-date high of more than 110 million SHIB in one day. Q2. Will the prices of Shiba Inu coins increase in the future? But while shiba inu has attracted new investors to the market, its lack of any real use case makes its sky-high valuation tough to justify, said Jack McDonald, CEO of PolySign, a digital asset custody solutions firm for institutional investors.

Is Shiba Inu a Good Investment for You?

New Delhi: Doge killer Shiba Inu is the new trend in the Cryptocurrency market. According to reports, a crypto enthusiast bought almost 200 billion Shiba tokens in October 2020 for just $17 and as the market went up he made almost $6.5 million from those tokens. Historical Exchange Rate Graph for USD to SHIB Another option is to use Ethereum to swap into Shiba Inu tokens on Uniswap’s exchange, according to a report by Benzinga.

Shib crypto coin

SHIB continued to dominate headlines and became the third-most Googled crypto of 2021. However, following three consecutive weeks of volatility and another tweet from Musk, who revealed that he did not actually own any SHIB, the token slipped from the 11th largest cryptocurrency with a market capitalisation of more than $41bn, to the 12th largest with a $21.1bn market cap, according to CoinMarketCap. 7 Investing Tips From Cathie Wood So yeah, despite what some naysayers have said, the coin is experiencing a rebound of sorts. But that doesn’t mean investing in Shiba Inu coin is the right move if you haven’t done your research.