SHIB and DOGE are now in Huobi Earn. The two biggest meme coins, Dogecoin and Shiba Inu, are now supported in Huobi’s passive income module. SHIB can be staked with DOGE 88% APY (annual return percentage). Detail cryptocoin.com‘in.
SHIB is now on Huobi
How can holders of the two most popular memetic cryptocurrencies DOGE and SHIB benefit from locking their wealth in Huobi? SHIB can be staked with DOGE 88% APY. According to the official announcement shared by Huobi, a premium Chinese crypto exchange, the “First Timer Exclusive Program” in the Flexible Earnings module now supports Shiba Inu Coin and Dogecoin.
Only new accounts on Huobi Earn are eligible for this promotion. SHIB and DOGE, along with 13 other assets, including USD Coin and USD Tether stablecoins, can now lock in at 88% annualized returns, which is much more profitable than the average rates of passive income modules. The program is valid for seven-day deposits only. The promotional campaign is set to celebrate the eighth anniversary of Huobi, one of the oldest cryptocurrency exchanges in Asia. The largest number of assets for staking are available in the “Flexible” module of Huobi’s passive income unit.
Shiba Inu up, DOGE down
Shiba Inu Coin and Dogecoin holders are excited about the new opportunity and are aggressively selling new clones of “dogcoins,” as the comments on Huobi’s announcement show. Interest in the Shiba Inu Coin (SHIB) was catalyzed by another Elon Musk tweet yesterday. The on-chain analysis service recorded the increased activity of SHIB whales. At the time of writing, Shiba Inu Coin is back on the list of top 20 cryptos by market cap as it changed hands at $0.00002823, or 4.5% in 24 hours. By contrast, Dogecoin is down 3.57% as it tries to retrace the $0.25 level.
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