The meteoric rise of Shiba Inu has taken the cryptocurrency world by storm, and lots of buyers are intently watching its progress. At the time of writing, Shiba Inu (SHIB) has a market cap of over $6 billion, whereas Litecoin (LTC) has a market cap of round $5.90 billion. This marks a big achievement for SHIB, which has solely been in existence since August 2020. In distinction, Litecoin has been round since 2017 and has a extra established repute within the crypto house.
Source: coinmarketcap
Shib Army continues token burn
The cryptocurrency’s low worth and excessive circulating provide have made it accessible to a broader vary of buyers, resulting in elevated demand and liquidity. The SHIB burn price has hiked by 1322.79%. Within the final 24 hours, there have been three transactions and a collective burn of 452,950,434 SHIB tokens. The largest transaction was 451,061,150 SHIB tokens. Another issue contributing to SHIB’s success is its decentralized exchange (DEX), ShibaSwap. ShibaSwap has seen important development in its buying and selling quantity and liquidity since its launch, attracting extra buyers to SHIB and driving up its worth.
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Is Shiba Inu partnering with Paramount Pictures?
There have been rumors circulating a couple of potential collaboration between Shiba Inu (SHIB), and Paramount Pictures, sparking pleasure and hypothesis amongst SHIB buyers and crypto lovers. The rumors started circulating after a tweet by Shiba Inu’s official Twitter account, which featured a poster of the upcoming film “Mission: Impossible 7,” starring Tom Cruise. The poster featured the enduring SHIB emblem prominently displayed on the movie’s title. The tweet additionally included a message stating that “Shiba has gone Hollywood.”
The tweet rapidly went viral, with many SHIB holders and crypto lovers speculating a couple of potential collaboration between the meme crypto and Paramount Pictures. If speculations are to imagine then SHIB could also be used as a type of fee for film tickets or merchandise. However, it is very important be aware, the tweet by the SHIB workforce doesn’t verify any collaboration or partnership with Paramount Pictures.
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