The Crypto craze has been growing, and people are investing more and more into the market. This means that a host of new cryptocurrencies have also started coming up and some of them sure are whimsical. Shiba Inu, another Dog based coin, has recently been in the news for its increase in value.
Following the footsteps of Dogecoin, this doge meme-based currency is one of the new entrants in the market. As of today, Dogecoin has a market cap of $33 billion and is growing at a steady pace.
Recently Shiba Inu was also listed on Coinbase and since then has grown about 35%. Unlike other coins like Bitcoin, Shiba Inu is not scarce and will be abundant forever. There are 1 quadrillion coins in circulation and also supports NFT and Shibaswap.
The low price combined with the large quantities makes it great for crypto enthusiasts that are looking to get into the market. It wasn’t designed to be scarce, so there is no chance of it running out.
This is great news as people who are new to the crypto game can invest in the coin. They can see whether or not they like crypto markets in general. The hike in value is a great sign of acceptance of cryptocurrencies by the people and their rising demand.
Quirky coins have been growing at a steady rate showing that they are not to be taken lightly. These whimsical coins might not sound very reassuring to long-term investors, but their graphs suggest otherwise.