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James Carter

January 25, 2023

Shiba Inu: The Hottest Crypto for Beginner Investors

Nansen, a leader in On-chain data and market analysis, says that Bitcoin (BTC) and Ethereum (ETH) are no longer the only cryptocurrencies that new investors want to buy. This is clear from the fact that their new “Fresh Wallets” dashboard included recently created wallets that often had a lot of transactions.

Shiba Inu’s new layer-2 rollup, Shibarium, will soon be available to buy. The beta release date is a tease from the lead developer, Shytoshi Kusama. The world’s second-biggest meme coin, also known as the Doge coin’s rival, had a lot of green candle moments in January 2023.

People are leaving traditional banking systems because the annual percentage yield (APY) is so low. This has made it easier for everyone to switch. Centralized banks’ lack of transparency about Proof-of-Reserves, Circulation, and the total amount of money they made was another cause. Crypto fills in the gap by making it easier to access the global market, which causes significant changes in the market.

Shiba Inu is working harder to stay at the top.

Currently trading at a price of $0.000012 USD after a slight correction after a steady month of green candles. Ranks #13 in CMC. The coin trades for $389,650,293 USD every 24 hours, and there are now more than $549,063,278,876,302 of them in circulation.

Even though there have been more Web3 attacks during the bear season, Certik says that the project is still the second safest crypto project. The community is happy that Shibburn has come along to keep the market value stable and encourage staking. The ERC-20 project has said that the $BONE will be used in the ShibaSwap as their native governance token.

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