Culture

Shiba Inu Token Is the New Cryptocurrency That Plans To Be "The Dogecoin Killer"

The China-born coin has seen a 32,929 percent increase in the past month.

15,971 Hypes

Shiba Inu Token Is the New Cryptocurrency That Plans To Be "The Dogecoin Killer"

The China-born coin has seen a 32,929 percent increase in the past month.

With Dogecoin as one of the leading meme cryptocurrencies thanks to its support from figures like Elon Musk, Shiba Inu Token is the new dog-themed coin on the rise. The crypto, traded as SHIB, claims that it’ll become “the Dogecoin killer.”

The Shiba Inu coin is relatively new, having launched less than a year ago in China. As of now, a single token is worth less than $0.00002 USD, although it has received much attention since landing on cryptocurrency trading platforms like Binance and OKEx. So far, SHIB has been gaining traction in China with promotions on social media platforms like WeChat and Weibo, seeing a 37,929 percent increase in value over the past month and 2,081,399 percent in the past year.

Despite all of the hype, professionals have warned that the Shiba Inu Token may be much riskier than other cryptocurrencies.

Read Full Article
Text By
Source
Hypebeast Kr
Share this article

What to Read Next

Uncle Waffles On What It Really Means To Be "The Princess of Amapiano"
Beauty

Uncle Waffles On What It Really Means To Be "The Princess of Amapiano"

Plus, her top five beauty picks.

Butter Yellow Is Set To Be the Color of the Summer, Here's Why
Fashion

Butter Yellow Is Set To Be the Color of the Summer, Here's Why

From Jacquemus to LOEWE, the seasonal hue is luxury-approved.

5 Beauty Trends That Will Define FW24, According to the Experts
Beauty

5 Beauty Trends That Will Define FW24, According to the Experts

From shiny skin to heavy hair.


Beauty Trends That Will Rule 2024, According to the Experts
Beauty

Beauty Trends That Will Rule 2024, According to the Experts

Tweakments? AI Haircare? We’ve got the 411.

Sabine Marcelis Designs Donut-Shaped Seats for Swedish Brand Hem
Art & Design

Sabine Marcelis Designs Donut-Shaped Seats for Swedish Brand Hem

The Boa Pouf adds a playful touch to any living space.

Telfar To Drop Shopping Bag in Fashion's Favorite Spring Color, Green
Fashion

Telfar To Drop Shopping Bag in Fashion's Favorite Spring Color, Green

Meet “Double Mint.”

Engagement Watches Are the New Engagement Rings, According to Lyst
Fashion

Engagement Watches Are the New Engagement Rings, According to Lyst

These are the top trends we can expect brides, grooms and guests to embrace this year.

Content Creator Sophia Rose on the Relationship Between Mental Wellness and Beauty
Beauty 

Content Creator Sophia Rose on the Relationship Between Mental Wellness and Beauty

Meet the LA creative promoting mindful practices, self-care and more.

'The Ellen DeGeneres Show' Is Over
Film & TV

'The Ellen DeGeneres Show' Is Over

DeGeneres is officially ending her talk show, which suffered plunging viewership after sexual misconduct allegations.

Merriam-Webster Is Auctioning Off the Definition of "NFT" as an NFT
Culture

Merriam-Webster Is Auctioning Off the Definition of "NFT" as an NFT

The publisher just added the trending term to its dictionary.

Uber and Lyft Will Offer Free Rides to U.S. Vaccination Sites
Culture

Uber and Lyft Will Offer Free Rides to U.S. Vaccination Sites

In partnership with the Biden administration.

Pyer Moss Is Joining Couture Week in Paris
Fashion

Pyer Moss Is Joining Couture Week in Paris

The NYC-based label will show its first haute couture collection this summer.

A Recruitment Tool Could Be TikTok’s Newest Feature
Culture

A Recruitment Tool Could Be TikTok’s Newest Feature

A new way for companies to find Gen-Z employees.

Georgia DA To Seek Hate Crime Charges in Atlanta Spa Shootings
Culture

Georgia DA To Seek Hate Crime Charges in Atlanta Spa Shootings

The suspected shooter was formally indicted on murder charges.

More ▾
 

Looks like you’re using an ad-blocker

We charge advertisers instead of our readers. Support us by whitelisting our site.

Whitelist Us

How to Whitelist Us

screenshot
  1. Click the AdBlock icon in the browser extension area in the upper right-hand corner.
  2. Under “Pause on this site” click “Always”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlock Plus icon in the browser extension area in the upper right-hand corner.
  2. Block ads on – This website” switch off the toggle to turn it from blue to gray.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the AdBlocker Ultimate icon in the browser extension area in the upper right-hand corner.
  2. Switch off the toggle to turn it from “Enabled on this site” to “Disabled on this site”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the Ghostery icon in the browser extension area in the upper right-hand corner.
  2. Click on the “Ad-Blocking” button at the bottom. It will turn gray and the text above will go from “ON” to “OFF”.
  3. Refresh the page or click the button below to continue.
screenshot
  1. Click the UBlock Origin icon in the browser extension area in the upper right-hand corner.
  2. Click on the large blue power icon at the top.
  3. When it turns gray, click the refresh icon that has appeared next to it or click the button below to continue.
screenshot
  1. Click the icon of the ad-blocker extension installed on your browser.You’ll usually find this icon in the upper right-hand corner of your screen. You may have more than one ad-blocker installed.
  2. Follow the instructions for disabling the ad blocker on the site you’re viewing.You may have to select a menu option or click a button.
  3. Refresh the page or click the button below to continue.