[FLOKI](https://coinmarketcap.com/currencies/floki-inu/), the novel token of the Floki ecosystem, has spiked by approximately 390% since the start of 2023, data from cryptocurrency price tracker CoinMarketCap showed.

The cryptocurrency has benefited extensively from the [crypto](/news/article/uk-crypto-atm-raided-by-financial-regulator) market's rebound this year after the entire sector plunged to new lows on the back of a bearish outlook in 2022 that saw many firms reduce their headcounts. 

While some analysts have attributed the price spike to industry-wide gains, the increase in the [token's](/news/article/robotera-metaverse-token-presale) value is largely down to accomplishing milestones and setting up new ones.

## Floki price jumping as a result of the roadmap 

On 21 February, the crypto company published its [roadmap](https://realflokiinu.medium.com/floki-2023-roadmap-8532b29ad63b) for the year. While the first phase, which featured the launch of the project’s shop, a partnership with Binance Pay, an upgrade of the Valhalla Website, the development of a Chinese Whitepaper, and a partnership with Pyth Network has been completed, other developments are still in progress.

These milestones include the launch of the crypto asset on the OKX chain (which also houses the well-known cryptocurrency exchange OKX), integration with decentralized finance (DeFi) lending and borrowing protocols, the first major upgrade of Floki Finance, and the first phase of staking.

The second phase of staking, the redesign of Floki Finance, and the release of the Debit Card will come off in phase two, while Floki Finance Project TL and University of Floki (phase three) and Valhalla Mainnet launch, Valhalla Chinese Version, and the project's Mystery Project will follow accordingly in phase four.

In crypto, prices are normally driven by the adoption of a cryptocurrency by a mainstream company as a payment method, the addition of a coin or token by a major exchange, and the provision of staking services, which brings passive income to traders and investors.

Since the digital currency has triggered two of the three price drivers (staking and exchange listing), it explains why it reached a yearly high of $0.00006684 on 16 February. 

## FLOKI price gains dwarf Shiba Inu and Dogecoin

While Dogecoin (DOGE) and Shiba Inu ([SHIB](https://coinmarketcap.com/currencies/shiba-inu/historical-data/)) continue to dominate the meme-inspired digital currency sector of the crypto economy, their gains are smaller than the coin named after [Elon Musk’s](/news/article/elon-musk-twitter-dogecoin) pet. 

While FLOKI holders have seen their portfolios rise more than three-fold, (SHIB) has increased by 8% while [DOGE](https://coinmarketcap.com/currencies/dogecoin/) has gone up by 20% since 1 January.


price chart in green with the floki inu logo of a dog and helmet on

Floki Price Jumps More than 300% Year-to-Date 

Is it possible that the Shiba Inu price could reach $10 by 2024?

The [Shiba Inu](/news/article/shiba-inu-holders-value-of-bone) coin, inspired by the popular dog breed, has gained a significant following in the market. Originally conceived as a joke, the coin has evolved into something more serious over time.

Since its launch, the price of the coin has undergone significant fluctuations. Although it had limited popularity initially, the coin experienced a surge in 2021, propelling it into the spotlight. The coin intends to become the Ethereum-powered equivalent of Dogecoin's mining algorithm, which uses Srypt. At the same time, introducing Shiba Inu in the [Shibaverse](/news/article/shibaverse-coin) metaverse could potentially drive up trading prices.

## Developments in the Shiba Inu ecosystem

The Shiba Inu ecosystem comprises decentralized applications (DApps), protocols, and open-source platforms that allow for the creation of smart contracts and DApps on the Ethereum blockchain. Additionally, it includes the SHIB token, which is used for purchasing goods and services within the ecosystem.

As anticipated, [Shibarium](/news/article/shibarium-release-date-update), the Layer 2 protocol of the platform, is progressing well. This advancement will allow users to transfer assets at a reduced gas cost, facilitating the completion of minor transactions through DApps supported by Shiba Inu.

Additionally, the team has enlisted new developers to enhance the platform's user interface and experience. ShibaSwap gathered close to $1 billion in locked assets in just one day, confirming SHIB's position as more than just a meme cryptocurrency. The collaboration between Shopping.io and Shiba Inu provided a further boost, as customers could utilize SHIB as a payment option on major retailers such as Walmart, Amazon, and eBay.

## Can Shiba Inu price 2024 touch $10?

The total supply refers to the number of coins that exist, excluding any that have been burned. This can be compared to the outstanding shares in the stock market. At the time of writing, there is a circulating supply of [0.549 trillion](https://coinmarketcap.com/currencies/shiba-inu/) coins, so if we think about a $10 price of these tokens, we are talking about a market cap of $5.49 trillion, which seems to be unattainable at this point.

## A Shiba Inu price 2024 of $10 seems unlikely.

As per [AMB CRYPTO](https://ambcrypto.com/predictions/shiba-inu-price-prediction-2024), the price of Shiba Inu in January 2024 is expected to fluctuate between $0.000027 and $0.000031, with an average price of approximately $0.000029.


green image of shiba inu coin on pile of cryptocurrency coins

Could Shiba Inu Price Reach $10 by 2024? 

According to Shibburn on Twitter, there have been 17,434,272 [$SHIB](https://twitter.com/search?q=$SHIB&src=cashtag_click) tokens burnt and eight transactions in the past 24 hours. Burning $SHIB lowers its circulating supply while allowing users to earn passive money.

## Shibburn portal

Anyone can use the ShibaBurn [interface](https://burn.shibaswap.com/) to send their [SHIB](/news/article/shiba-inu-coin-burn) tokens to a remote crypto wallet address, the specifics of which will not be stored. This implies that once the crypto tokens transmit to this wallet address, they can never be recovered and are thus lost forever. The objective is that with each burn, the wealth of the community rises, rewarding the long-term work to create Shiba Inu, said Shiba Inu creators in a blog post.

## The reward for Shibburn users

The Shiba Inu crypto coin, based on the Ethereum (ETH) network, was created by an anonymous developer named Ryoshi. Using the Ethereum request for comment (ERC) version 20 protocol, he has now generated another token called the RYOSHIS VISION token. 

According to details within the blog article, if you burn SHIB tokens, users will be rewarded with RYOSHI VISION tokens. Furthermore, 0.49% of all RYOSHI transactions will be given to SHIB token owners who have burned their tokens.

## Advantages of burning cryptos 

Like any other financial asset, cryptocurrencies derive their value from the economic rule of demand and supply. If an item is abundant but does not have enough demand, the price will decline, and vice versa. 

Burning SHIB crypto tokens, or any crypto token, should reduce supply and drive the price (assuming its demand stays constant or goes up). 

[Shiba Inu](/news/article/shiba-inu-news-will-it-rise) is now trading at $ 0.0000121 per (SHIB/USD) with a market size of $6.65B. The 24-hour trading volume is $386.13 million.

The coin does not support smart contracts and has no assets behind it. It can, however, it can pass from one user to another.


What is the Shibburn portal?

News of a drop in the US Consumer Price Index to one-year lows rubbed off nicely on the cryptocurrency market, as [holders of Bitcoin](/news/article/bitcoin-surge-hits-new-heights), Shiba Inu, and several other crypto assets enjoyed some nice gains.

Shiba Inu holders must be heaving a sigh of relief. Having spent the latter part of 2021 and 2022 dipping their fingers in cold water after having them badly burnt, they are enjoying some handy comfort from the recent price appreciation. Even though Shiba Inu is nowhere near its 2021 highs, the recent march from 0.00000790 to 0.00001090 (a 30% appreciation in January 2023) may have brought some value for Shiba token owners who decided to load up as soon as the crypto asset retested the lows of June 2022.

## Why are holders excited?

Several developments have emerged in the Shiba ecosystem in recent times. The SHIB team has presented the basic concepts behind Shibarium, the Layer 2 blockchain of the SHIB ecosystem.

One of the takeaways from the release is the new ability granted to users and Shiba Inu holders to access Shibarium's test tokens through private test networks.

This is in addition to removing one zero from its price (some of us were starting to lose count). There is also some buzz around a rumoured 2023 launch for the long-awaited SHIB Metaverse.

The [listing of the Shiba token on the StealthEX crypto exchange](https://u.today/shiba-inu-shib-boasts-new-listing-as-price-jumps-22-on-weekly-basis) also created some market buzz. StealthEX is a mobile app that provides non-custodial exchange and swap facilities for the three tokens that make up the Shiba Inu ecosystem.

Speaking of the Shiba ecosystem tokens, one of them is already attracting huge interest. The BONE token, which will power all transactions on Shibarium's Layer 2 protocol, is experiencing a resurgence.

After hitting exchanges at $0.4 in June 2022, it reached its all-time high of $2.39 on 30 August 2022 before hitting Q4 2022 lows at $0.60. Since the 22 November 2022 lows, the price of this Shibarium token has more than doubled. This has positively impacted the number of addresses holding Shiba Inu, growing from 1,280K on 11 January to 1,283K on 17 January. The largest Shiba token owner owns 41.03% of the total supply, according to data from Coinmarketcap.com. The next top holder is a distant second, holding just 5.59% of the total supply.

## Is BONE bringing value?

It isn't easy to quantify this. Undoubtedly, the Shiba Inu token has drawn some inspiration for its one-week performance from the BONE token's rise. However, it is too early to say if this correlation will endure or eventually break down. For now, Shiba Inu token holders may only care a little as long as the token keeps heading in the right direction.


green image of SHIBE and BONE coins on pile of crypto coins

Shiba Inu Holders and the Value of BONE

The crypto market in the UK has seen a significant jump in value in the new year, with [BTC](/news/article/buy-bitcoin-cash-uk) prices seeing a 3.45% hike and SHIB experiencing a 2.08% increase, among other cryptocurrencies. So far this year, the crypto scene has been optimistic. The hikes mentioned above have all happened over a 24-hour period alone.

And it isn't just Bitcoin and SHIB. A selection of other cryptocurrencies have seen a similar price hike. These include such altcoins as Solana (SOL), with a jump of 3.31%, and Ethereum (ETH), number two to BTC, successfully crossing the £1,143 mark with a 0.76% price hike. [Polygon (MATIC) has also seen a significant 2.61% hike](https://www.binance.com/en-IN/price/polygon).

Fetch.ai is running its bull period in full force and has seen a whopping 18.23% rise in the last 24 hours alone. The token's value has skyrocketed, by an impressive 99.43%, in the last week alone. 

Crypto prices UK are on the rise along with the global crypto market
After a bruising 2022, the cryptocurrency markets have started this year with a more positive energy. The global crypto market has seen a 2.01% increase in 24 hours. The market cap stands at £739.21billion now. There has been a 23.88% increase in the total crypto value in a day. It now stands at £46.57 billion.

## BTC hikes by 3.45%

With a 3.45% price hike in the last 24 hours, BTC is now valued at £15,394. [There has been a long wait for BTC to cross the $18,000 mark](/news/article/bitcoin-forecast-2023). 

![btc.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_a60e1ac602.png)

![btc2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc2_fa0d093951.png)

Inevitably, the rise in price for Bitcoin, the leading cryptocurrency, has subsequently increased the trading volume by 34.55% too.
  
## SHIB rises by 2.08%

This token, which started as a meme, has seen a 2.08% hike over the last day. The crypto is now valued at £0.0000078 with a £4.72 billion market cap. The trading volume also saw a spike of 6.12% as the price increased.

![shib.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/shib_47feb1fdd0.png)

  
  


blue image of crypto prices on trading mobile app

Crypto Prices UK: BTC and SHIB on the Rise

[Dogecoin](/coins/doge) introduced a new genre among cryptocurrencies, which is meme coin. It was followed by the tokens like [Shiba Inu](/news/article/shiba-inu-coin-burn), Baby Doge, Dogelon Mars, and others. Now, a newcomer, [Tamadoge](https://tamadoge.io/) is making waves in the industry. 

The [meme coin](https://www.investopedia.com/meme-coin-6750312) introduces you to the Tamaverse. It is a fun play-to-earn (P2E) game where these tokens are the natives. The gameplay and the platform's working are similar to [Axie Infinity](/news/article/axie-marketplace-platform). Here, Tamadoges are your NFT pets; you can breed, mint, train, or fight battles with them.

Are you wondering what’s the hype about Tamaverse and whether you can generate profits with TAMA? Let’s find out!

## How does the Tamadoge P2E platform work?

Tamaverse introduces a complete crypto game that could compete with top-rated [play-to-earn games](/news/article/play-to-earn). The ecosystem is inspired by Dogecoin, and the game is themed on it. It offers its native cryptocurrency, Tamadoge (TAMA), and Shiba Inu-like non-fungible tokens. 

It is an idle fighting game that you have to play with your pet Tamadoges. You can train them for the fights and breed and mint them to get more NFTs. You can also improve your ranking on each month’s leaderboard as you win battles. 

Moreover, the game plans to create augmented reality-based gaming experiences in the coming years. It will allow you to socialise with fellow gamers through your NFT characters. Therefore, Tamaverse is considered to be a much more advanced version of the Doge ecosystem.

## What’s Tamadoge crypto (TAMA)?

Tamadoge crypto is the utility token on the platform. You can make all types of trades within the ecosystem through TAMA. Currently, each TAMA token’s value is $0.01712, according to [CoinMarketCap](https://coinmarketcap.com/currencies/tamadoge/). Furthermore, there is a max supply of 2,000,000,000 tokens with a market capitalisation of $22,601,744. 

It is a deflationary token, so there are currently 1,418,004,176 TAMA in circulation. From the total supply, 50% was introduced in the market at the presale, and 20% was reserved for the exchange pool. Another 30% is dedicated to future Tamadoge projects and will be unlocked in 10 years. 

## Tamadoge: Why all the hype?

Although it has many similarities with meme coins, it is backed by an innovative and diverse project. It is the first project which is not only famous for [memes](/news/article/elon-musk-memes) but also offers various utilities. 

The token was launched in July 2022 and already has a market cap of $22,601,744. It is a remarkable feat for any blockchain project undertaken in a crypto winter. Moreover, the crypto has also made its all-time high of $0.1957 a couple of months back. It is showing an upward movement of around 28% in the past 24 hours.

The platform aims to shape a Metaverse through P2E gaming and incorporating augmented reality. That's why it is gaining the attention of both the meme community and gamers. Because of this, it is well-positioned to make strides in the future. 

## How to buy TAMA?

If you are intrigued by this meme coin, here’s how you can buy it!

1.	Create an OKX account
Tamadoge is listed only on a few crypto exchanges as of now. However, OKX exchange is one of them, and you can easily purchase TAMA through it. Firstly, you have to create an account on the exchange. 

It is a straightforward task that requires your phone number, email, and a secure password. You can go ahead with the signup by providing these details and then confirm your account with the code link. 

2.	Purchase USDT
Afterward, you must purchase Tether ([USDT](https://news.monitalks.io/coins/usdt) to get TAMA coins. Use your card, debit or credit, to buy the stablecoin from OKX directly. If you already own USDT in another wallet, you can transfer the amount to the exchange wallet.

3.	Buy TAMA
With this, you will be all set to buy TAMA coins from OKX. Here, go to the Trade option and then click on Spot Trade. Then look for the USDT/TAMA trading pair and select the Market tab. Finally, enter the amount of Tamadoge you want and proceed with Buy TAMA. 

## Closing thoughts

Tamadoge is a new addition to the group of [meme coins](/news/article/memecoins-whats-popular). Since its launch, it has created much buzz in the industry in such a small span. 

Its diverse TamaVerse attracts gamers, too, as it offers P2E functioning. Also, as it aims to introduce AR-based experiences, it will further increase the use cases of the coin. Therefore, the hype for this new coin is very much justified.


Tamadoge 101 - A New Meme Coin

In this article, we'll look at the latest Shiba Inu news. Before we do, let's understand what we're talking about. SHIB is a decentralised cryptocurrency founded in 2020 by an anonymous individual Ryoshi.

The SHIB is an Ethereum-based ERC-20 coin designed to compete directly with Dogecoin. The coin does not support smart contracts and has no assets backing it. It can, however, be passed from one user to another.

The latest [Shiba Inu](/news/article/shiba-inu-coin-burn) news reveals that the coin's price could [rise by nearly 150%](https://cointelegraph.com/news/shiba-inu-price-drops-to-record-low-vs-dogecoin-will-history-repeat-with-a-150-rally) compared to its top memecoin rival, Dogecoin, in the coming months, as per technical fractal.

## SHIB sets a new low against DOGE

The bullish setup appears as the SHIB/DOGE pair has recovered slightly after falling to 0.0000841 – its lowest level ever – on 1 November. Since November 2021, the price level has coincided with a descending trendline that has supported the pair.

For example, Shiba Inu's previous drop to the trendline occurred in May 2022, followed by a 100% recovery rally in the following three months. Similarly, the SHIB/DOGE pair recovered by more than 50% in less than a month in January 2022.

Interestingly for followers of Shiba Inu news, all of the SHIB/DOGE's rebound moves had their primary upside targets in the 0.0002186-0.0002536 range.

![Picture1 shib.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture1_shib_50fd8b246a.png)
 
If history repeats itself, SHIB could see a sharp bullish reversal versus DOGE, with the upside target in the 0.0002186-0.0002536 range. In other words, a 150% price increase by Q1 2023.

Furthermore, the pair's daily relative strength index (RSI) indicates extreme oversold conditions after falling to its lowest levels in history, implying that a rebound is imminent.

## SHIB price in the USD pair faces greater losses

More hints about an impending SHIB/DOGE pair rally can be found in how these [memecoins](/news/article/memecoins-whats-popular) have performed against the US dollar.

Notably, the [Dogecoin](/news/article/dogecoin-to-gbp) price increased by more than 100% in relation to the dollar in October as traders anticipated its potential integration into Twitter after [Elon Musk](/news/article/elon-musk-twitter-deal) completed his buyout of the social media giant.

Late in October, as a result, DOGE's daily RSI crossed over 95, making it the most overbought since April 2021. As of 3 November, the coin's technical condition was still overbought, suggesting that a price correction could occur soon.

To put it another way, by the end of 2022, [Dogecoin](/news/article/should-i-buy-dogecoin) could decline towards $0.055, or 60%, from current price levels.

On the other hand, Shiba Inu posted a 10.5% profit at the end of October, and, as of right now, its RSI is in the neutral 30-70 range, indicating less sell-side pressure than DOGE.

Based on recent fluctuations inside an ascending triangle range, a 10%–15% short-term price correction to $0.00001088 is still possible for the SHIB/USDT pair.

![Picture2 shib.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Picture2_shib_cca9687281.png)
 
However, a break below $0.00001088 raises the possibility of an ascending triangle breakdown.

When such breakdowns occur during a downtrend, the price is frequently driven to its maximum height.
In the event of a clear breakdown, Shiba Inu's price could plunge to $0.00000682, a 45% correction by Q1.



green image of altcoins and shiba inu dogs in foreground

Shiba Inu News: Will it Rise to 150%?

Looking for analysis of the Shiba Inu price in GBP and the forecast for the future? You've come to the right place. 

The week has been quite progressive for [meme coins](/news/article/memecoins-whats-popular). Where [Dogecoin](/news/article/moon-dogecoin) soared with Elon Musk’s Twitter deal, Shiba Inu also saw some positive price action. As of now, the weekly gains for the coin have reached over 19%. It is a breakout point as the [coin’s value](/coins/doge) has declined for the past couple of months. 

After this bullish rally, many investors are curious whether it is a good investment. So, here you can find the Shiba Inu price in GBP and learn when will this bull run last.  

## Shiba Inu price GBP

As of 24th November, 2022, the token's current value is $0.00008985, according to [CoinMarketCap](https://coinmarketcap.com/currencies/shiba-inu/). In comparison, in GBP, the coin auctions are at £0.00001039. 

Its market cap is £5,601,109,823, with the past 24 hours trading volume of £780,399,552. Other than the last trading week of October, the coin was showing a bearish trend.

## Is it an actual bull run?

Shiba Inu is gaining much traction in the market as it has made significant gains for the first time since 25 August. Before the 19% rise, it was showing persistent bearish trends. 

The meme coins’ rise was predicted by many analysts. One of them was David Gokhshtein, the founder of [Gokhshtein Media](https://www.gokhshteinmedia.com/). He forecasted a ‘parabolic’ movement for both; SHIB and DOGE in the next [bull run](/news/article/will-crypto-recover). 

![shib inu.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/shib_inu_fcd46d45d9.png)
 
Both these coins are seeing positive price action and have beaten other top cryptocurrencies. But will this bullish rally continue?
 
According to some experts, if the trend consolidates, it may prompt SHIB to reach the £0.000012 range. This may result in a further 20% rally. However, this trend can also experience invalidation. If its value breaches the £0.000079 level, it may decline by around 11%. It may also continue with the [bearish trend](/news/article/crypto-market-crashing) after breaching the level.



Shiba Inu Price in GBP and the Bullish Rally

Shiba Inu’s name features among the most prominent [meme coins](/news/article/meme-coins). In the bullish market of late 2021, the coin made notable gains and expanded its SHIBArmy. But amidst the recent crypto winter, the token is struggling to sustain itself.  

To keep the Shibaverse coin afloat, its developers are working to intensify the burning process. It is used by many other digital tokens to increase a coin’s worth by limiting its supply. For this reason, SHIB developers have also set up a Shiba Inu Coin burn portal that runs on a reward system. 

Here’s everything you need to know about SHIB burning!

## The Shiba Inu Coin burn mechanism

Coin burning is a standard procedure through which cryptocurrencies can remove tokens from the market to increase the price. The Shiba Inu token also uses a similar strategy to sustain its price. It has a decentralised exchange (DEX), ShibaSwap, which has recently introduced a burn portal. Through the [ShibaSwap burn portal](https://burn.shibaswap.com/), you can easily eliminate tokens and get incentives. 

## How does SHIB burn Portal work? 

The SHIB burning portal has three null wallet options. Among them, two are dead wallets, and one is a black hole wallet. First is the most commonly used dead wallet, which Vitalik Buterin also used to burn $6.7 billion tokens. The second one is for ShibaSwap listings. Whereas the Black Hole is for Shiboshi NFTs renaming. 

To burn Shiba tokens, you have to transfer them to a dead wallet. A dead wallet, aka a burning wallet, does not have a private key. So, sending your tokens to such a wallet makes them unretrievable and instantly wipes them off the market. 

The portal will give you burntSHIB tokens as incentives as you burn.

## Shiba Inu Coin burning reward system

The ShibBurn portal can give you RYOSHI tokens as rewards. However, burning SHIB would not directly yield RYOSHIs. Instead, at first, it will provide you with burntSHIB tokens. After that, you can stake these tokens in your Ethereum wallets to get RYOSHI token rewards. The yield on your burntSHIB holdings can be up to 19%.

## What’s the Shiba Inu Coin burn rate?

The Shiba Inu Coin burn portal was introduced in April this year. Since then, the SHIB Army has successfully removed more than 59 billion tokens from the circulating supply. Despite that, the current burn rate of the coin is -68.59%. Also, its price has not increased as much as the community and developers expected. 

Contrastively, as of the end of the first half of 2022, around 70 billion SHIBs have been burned. So far, the highest amount of coins has been burnt in May. 
 
![shib coin burn.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/shib_coin_burn_4db5f47ec3.png)

[Source](https://www.datawrapper.de/_/hdopE/)

## What lies ahead for Shiba Inu?

Despite having a distinguished burning portal, Shiba Inu’s price has not recovered yet. SHIB’s current price is only $0.00001078, with a market cap of $5,920,266,602. As per the SHIBQueenie estimates, for its price to even reach the $0.001 mark, over 88 trillion coins need to be burnt annually for six years. 

However, this will remove over 90% of the tokens and might not get the desired result as its hype declines. So,  a coin burn might not be the only solution for its revival. That’s why the developers need to work on more projects like Shibarium and Shiba Inu Metaverse. 







Shiba Inu Coin Burn: How does it work?

There's a new Metaverse cryptocurrency on the block, and it's called Shibaverse Coin! This innovative new currency is bringing a whole new level of security and privacy to the world of digital currencies.

Unlike Bitcoin and other popular cryptocurrencies, VERSE is based on a completely new algorithm that makes it more secure and anonymous than anything else out there for the Metaverse community. If you're interested in getting in on the action, read on to learn more about this exciting new crypto currency!

## What is Shibaverse, and how does it work?

Shibaverse Coin is a digital currency that is based on the Litecoin blockchain. It is an open-source project that was created to provide a more user-friendly and accessible way to use cryptocurrency.

The coin has a unique, Shiba-themed design and is intended to be used as a tipping currency on social media platforms. Unlike other digital currencies, VERSE can be easily mined on any computer without needing specialized equipment.

The coin also has a high level of security due to the use of the Litecoin blockchain. Transactions are faster and more secure than traditional banking methods, making [Shibaverse Coin](https://coindecimal.com/shibaverse-coin/) an attractive option for those looking for an alternative to traditional currency.

## What makes Shibaverse unique compared to other cryptocurrencies?

VERSE is a unique cryptocurrency that offers a variety of benefits compared to other coins. For one, it is faster and more efficient than many other cryptocurrencies. It also has a lower transaction fee, making it more affordable.

In addition, VERSE is more secure than other coins, with an advanced encryption system that helps to protect users' personal information.

Overall, VERSE provides a superior experience to other cryptocurrencies, making it the best choice for those looking for an easy and efficient way to transact.

## How can investors get involved in Shibaverse, and what risks are involved?

Shibaverse is a new cryptocurrency that offers investors a way to get involved in the "Shiba Inu economy." The coin is named after the popular dog breed and features a Shiba Inu character on its logo.

Investors can buy it through exchanges such as Binance and Kucoin. The risks involved in investing in VERSE include the volatility of the cryptocurrency market, as well as the possibility that the project may never launch.

However, some investors believe that the potential rewards of investing in VERSE outweigh the risks. The team behind it has plans to use the funds raised through the sale of the coin to build a decentralized exchange and launch a social media platform. If successful, these projects could help to increase their value of it.

## What impact could Shibaverse have on the cryptocurrency market as a whole?

Shibaverse is a new Metaverse cryptocurrency gaining popularity due to its unique features. Unlike other cryptocurrencies, VERSE uses a new data structure called a Directed Acyclic Graph (DAG).

This allows for faster transaction times and lowers fees. In addition, it is backed by a company called Shiba Inu Ltd, which gives it more stability than many other cryptocurrencies. As more people become aware of it and its advantages, its popularity will likely continue to grow.

This could have a major impact on the cryptocurrency market as a whole, as more investors seek alternative coins with different features. Only time will tell what the ultimate impact is, but it is clear that it has the potential to shake up the status quo.

 For more developments on the crypto news go to [Latest Moni](/news).


Shibaverse coin- cryptocurrency for the metaverse

The Altcoin Season Index tracks whether investor interest points towards altcoins or [Bitcoin](/coins/btc). Normally, if three-quarters of the top 50 coins by market capitalization outperform Bitcoin over the last quarter (3 months or 90 days), the index could be called altseason.

On the other hand, if 75% of the top 50 coins cannot outpace Bitcoin regarding price performance in the last season (90 days), then there is Bitcoin Season.

[Altseason](/news/article/altcoin-season) is when there are more inflows into alternate coins than into the largest digital asset by market capitalisation, BTC.

## Importance of Altcoin Season Index 

Savvy crypto traders and investors use the altcoin season index to make decisions on whether they have to invest in altcoins or inject more money into Bitcoin.

A great example of the relevance of the Altcoin Season Index can be attributed to the current crypto climate, which is the second quarter (April to June) of 2022.

In April, the crypto altcoin season returned as Bitcoin dominance faded. An index of 100 tokens outperformed Bitcoin in March. Investors who wanted to diversify their assets in case Bitcoin plunged to new high lows bought more altcoins. They were not wrong, as the market crash of May led by Do Kwon's Terra project signaled a steep decline in all cryptocurrencies, with Bitcoin taking much of the fall.

In April, May, and June, the top 50 cryptocurrencies - including Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), TRON (TRX), Avalanche (AVAX), Shiba Inu (SHIB), Polygon (MATIC), FTX Token (FTT), Litecoin (LTC), Chainlink (LINK), Stellar (XLM), Uniswap (UNI), and Bitcoin Cash (BCH) - have not outperformed Bitcoin.

Although BTC has reached the same price levels as 2020, collectively, these cryptocurrencies and others have shed more in market value. Therefore, we can say that we are in Bitcoin Season and not altseason.
It is not surprising to see trader interest reflected in the liquidity of Bitcoin. Though much of this is related to huge selling due to the bearish trends of the market, high investor interest relative to a low-priced asset is a sign of positive reserve risk.

## How does Altcoin Season Index Relate to Bitcoin Fear and Greed Index?

Bitcoin [Fear and Greed Index](https://edition.cnn.com/markets/fear-and-greed) and Altcoin Season Index rely on BTC to make conclusions about crypto seasons.

Bitcoin Fear and Greed Index presents a bull market when the index is closer to 100 (greed) and a bearish market when the index is closer to 0 (fear). The performance of altcoins is measured against that of Bitcoin.

In conclusion, while we are not in an altcoin season in June, there is fear in the market concerning holding Bitcoin.


What is Altcoin Season Index?

The simple answer to the question 'what are meme coins' is that they are coins inspired by a joke on existing popular cryptocurrencies.

Most meme coins are short-term gain coins, meaning they are not coins you should hold for long. Instead, the deal is to buy and sell off once you make your gain.

Many meme coins are currently on the crypto market, including [Dogecoin](/coins/doge), Shiba Inu, Safemoon, and Kishu Inu.
Why sell off the meme coins so fast, you may ask. Though most meme coins are gain-making coins, they cannot be trusted. Meme coins have an intense volatility volume, and they cannot be predicted at all. A meme coin may be down one minute then rise so high the next - and this goes both ways.

To invest in meme coins, you must be fully watchful, cautious, and know when to pull out your investment. Meme coins have made cryptocurrency investors millionaires, but many have also suffered significant losses.
[Fear of missing out (FOMO)](https://blog.switchere.com/what-is-fomo-crypto-a-brief-explanation-definition/) and greed are two traits you shouldn't have when investing in meme coins, or really in any coin in the crypto space.

The value of a meme coin comes from the number of people that value it. The coins are often meaningless and with no purpose, but most have the capacity to make investors richer quickly. Or poorer.
You could call them surprise coins as that's what they do; they are full of surprises, both negative and positive.

## Are Meme Coins Worthwhile Investments?

Anything that brings a profit is worthwhile, but in the case of meme coins, you have to be thinking short term. You must be on your toes all through the period of investing.

Whether you choose meme coins or not, investing in cryptocurrencies can involve risk and requires a high level of care. It is essential to DYOR (do your own research).

Also, remember that some meme coin offerings are scams. There have been many cases of scam coins being pumped high at the beginning and then dumped, so the value dips quickly and catches investors out.
Be on the safe side: DYOR and invest wisely.

## General View of Meme Coins

A lot of people think very little about meme coins. When the trend began, serious crypto investors ignored them as a waste of time. However, that attitude has changed due to the spectacular profits some of these coins have made people.

## Conclusion 

If you choose to invest in meme coins, understand that they are highly volatile and come with risk. Do your research and invest carefully.


Meme Coins Explained

The cryptoverse is awash with stories of record returns from cryptocurrency meme coins like Doge and, more recently, Shiba Inu.

However, does the hype match the reality and how wise is it to invest in a meme stock?

## What is a Meme Coin?

A meme coin is essentially a cryptocurrency which is based on a joke or a meme and uses that tenet as its primary marketing feature.

The most well-known meme coin is Doge, which is based on the famous meme of the same name.

However, unlike other cryptocurrencies, meme coins are generally used for trading or investing with little to no utility.

That said, meme crypto Shiba Inu has seen a massive spike in interest over the last six to 12 months and has recently been accepted for payment in a Paris restaurant.

## Open-Source Technology

Many cryptocurrency projects are a result of open-source technology essentially meaning that the creators share the code which enabled them to build the original project.

This revolutionary approach to development has helped provide the catalyst for the boom in crypto over the past three to four years. Many new entrants ‘fork’ from an original code to produce an entirely new coin with a slight modification. Doge, for example, is a fork from the original Litecoin code.

## Meme Coin Hype

So, what is all the hype about? As I mentioned above, the majority of meme coins on the market today are used for trading and investment purposes with buyers looking for an opportunity to purchase the next Shiba or Doge coin before they hit the big time.

With stories of $8,000 becoming $5.7 billion in a little over a year it is easy to understand why. However, with 222 meme coins listed on coinmarketcap.com, picking the next investment rocket may be easier said than done.

## A Serious Investment?

As more capital pours into meme stocks people will continue to sit up and take notice. This, in turn, is bringing more serious investment and leading to developers looking for ways to upgrade the network and provide meme coins with an actual use case which is something we have seen this week in Paris.

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