Shiba Inu (SHIB) and Dogecoin (DOGE), the two largest meme coins by market capitalization, have lost 5.1 percent and 1.7 percent, respectively, in the last 24 hours. However, a meme coin inspired by these two coins is surprising the market with its 305 percent rise in the last 24 hours. cryptocoin.com We examine the rise of GenshinShibInu (GSHIB)…
Shiba Inu, this altcoin jumps as DOGE drops: Here’s why
The bearish sentiment in the overall cryptocurrency market has started to recover slightly, but DOGE and SHIB are still trading on the red board. Meanwhile, GenshinShibInu (GSHIB) rose as much as 305 percent. GSHIB was recently listed on the famous decentralized exchange PancakeSwap. The cryptocurrency also posted its advertisement in Times Square and caught people’s attention.
According to its website, GSHIB is a new AI rebase and reward token on Binance Smart Chain. Holders are rewarded with SHIB tokens. The built-in next-generation AI-based protocol goes through a series of analyzes and the most reasonable supply adjustment takes place according to the market situation. Meanwhile, investors earn passive income with SHIB. Again, according to the site, the themes inspired by this coin are the popular game Genshin Impact and Shiba Inu. The GSHIB, which has risen more than 300 percent in the past day, rose from $0.00000114 to $0.00000475. However, it is worth noting that the price of such meme coins shows sudden rises and falls.
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