ShibaSwap is a new decentralized exchange (DEX) that allows users to trade a variety of digital assets in a trustless and secure manner. This signifies that Shiba Inu is taking their metaverse initiative very seriously. In the past three months, Shiba Inu has onboarded advisors and specialists having prominent roles in Sony and Technicolor. Another metric to pay attention to is its hiring rate. The Shiba Inu team is composed of experienced developers and cryptocurrency enthusiasts who are committed to building a world-class ecosystem. Most importantly, they also initiated weekly burns during the 2022 crypto winter.įootprint Analytics – LEASH & BONE – Market Cap If you look at the chart below, there are weeks where they burn over one billion tokens. This lower supply gives Shiba Inu a higher potential value in the future.Īdditionally, the Shiba Inu team has been involved in sustaining its market cap size and its long-term price by executing regular token burns or decreasing the supply of SHIB. The most notable is that SHIB has a much smaller supply than DOGE. The token has a similar design to DOGE in terms of having a massive supply of coins available in the market but has a few key differences. The SHIB token plays a critical role in the Shiba Inu ecosystem as it is its token standard. Shiba Inu is a decentralized cryptocurrency based on the Ethereum network. It may rival top DeFi and GameFi ecosystems in the near future and may make SHIB much more than a punchline in the crypto industry. Now, Shiba Inu is rapidly building an ecosystem for its community that, only 13 months since the launch of its DEX, already has its collection of NFTs, liquidity pool, governance token, and future plans to launch a stablecoin and metaverse.

One of the biggest strengths of memecoins is their active communities, which make them a more reasonable investment than many people think.

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