Meme coins like SHIB have turned into a beneficial decision for customary financial backers keen on fiddling with digital currency. They are habitually accessible at deal rates, and there is a limitless supply of coins available for use. Meme coins, as the name infers, are crypto tokens that are fundamentally produced as a joke or to criticize other notable digital currencies. Shiba Inu, one such coin, has been benefitting from the more extensive crypto market recuperation as of late.
The price increase corresponds with many tweets from Bigger Entertainment, a crypto entertainment firm, announcing a large ‘coin burn’ on Valentine’s Day. On February 14, the event aims to destroy 162 million SHIB tokens in real-time. This is not the first time such an occurrence has occurred in Shiba Inu history. Bigger Entertainment’s business relies heavily on mass coin burning.
LEASH Token Jumps
The price of LEASH, a Shiba Inu (SHIB) ecosystem token, increased by over 50% a few days back after the team behind it unveiled intentions to develop a virtual world – a metaverse – and stated LEASH holders will be the first to have access to the fresh digital territory as it becomes available.
LEASH coin is now trading at USD 1,527, up 129 percent in the last seven days. Meanwhile, Shiba Inu’s original SHIB coin was trading at USD 0.00003119, down 5% for the day but up 46% for the week.
The Metaverse is poised to be one of the largest regions inside crypto for people to enjoy, Shiba Inu’s team stated on its blog, adding, like everything Shib does, we will dominate this Metaverse sector.
Shiba Inu’s metaverse, like numerous other well-known crypto-based virtual worlds such as The Sandbox (SAND) and Decentraland (MANA), will sell virtual land. The “Shiba Lands” will be offered for purchase or auction using LEASH tokens “very soon,” according to the blog post, which also explained that a queuing mechanism for prospective purchasers is being developed to ensure that community members who have LEASH tokens get early access.
Furthermore, the team stated that it is developing an “anti-dump system” for LEASH tokens. The mechanism is meant to “protect LEASH holders,” according to the team, without going into greater detail. Owning Shiba Real Estate will provide a plethora of rewards! We are not stopping; this is only the beginning, wrote the Shiba Inu squad.
