Dogecoin Killer, Shiba Inu, Expected To Surpass Market Projections In Nov 2021

It looks like the SHIBArmy has more to look forward to!

Created as an alternative to Dogecoin, SHIB is expected to increase in value in the next few months, according to a recent report by Changellymag. This may be due to Adam Aron, the CEO of AMC Theatres, recently asking his Twitter followers if the company should begin accepting SHIB as payment.

Read the entire article at https://changellymag.com/amc-theaters-accepting-shiba-inu-in-usa-nft-craze-in-india-amitabh-bachchan-unique-autograph

Our report explains that you can already use Bitcoin, Ether, Dogecoin, and Litecoin in purchasing AMC Theatres gift cards. However, the company is considering developing a system that can also read the Ethereum-based altcoin.

The announcement has helped yield a 1000% return to SHIB users in the last 30 days, offering a market capitalization of more than $35 billion at the end of October 2021. This has made the cryptocurrency one of the 10 most traded tokens in the world, and has given it the satiric moniker of the “Dogecoin killer”.

Despite both Dogecoin and Shiba Inu being created as parodies to the decentralized market rather than serious digital products, many investors are now using the tokens as legitimate sources of payment. Nevertheless, SHIB is slowly surpassing Dogecoin in usability and popularity.

Its founder Ryoshi developed the cryptocurrency as an experiment in decentralized community building. It built its system hosted by the Ethereum blockchain instead of its own blockchain, which allowed it to hit the ground running with an already secure and well-established platform.

For additional details abaout Cryptocurrency, visit https://changellymag.com/cryptocurrency-bitcoin-trading-course-2021-technical-analysis-tutorial-software-for-beginners/

Since then, Shiba Inu has released three different utility tokens, its foundational SHIB which had an initial supply of 1 quadrillion, LEASH which only has around 100,000 tokens, and BONE with a total supply of 250,000,000 tokens.

We believe that SHIB’s massive gains can also be attributed to its popularity in India. Many Bollywood stars have been seen promoting the coin as lucrative investments, and many Indians are considering using the cryptocurrency during the Diwali celebrations.

It’s not just a meme now – SHIBs are taking over the world. Such popularity, much wow.

Go to https://changellymag.com so you can learn more.

Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.

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Created on Nov 6th 2021 05:00. Viewed 221 times.

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