Attention turned to crypto currency Shiba Inu (SHIB) after the broadcast on Binance around 7 pm last night.
The SHIB is witnessing positive price movements since May 7. Based on daily records, the matawang jumped 146.3%, overcoming the achievements of Dogecoin (DOGE).
Plus the listing on Binance has brought the SHIB price to an all-time high (ATH) of $ 0.00005000.
However, Binance CEO Changpeng Zhao did post a tweet on his Twitter page, sharing his views on SHIB: “There are few voiced doubts about the sounding of the SHIB. The record shows such a sudden increase to SHIB that we ran out of ETH deposit addresses. It never applies. "
He added that he did not promote SHIB investment because of the high risk, "NFA" - Not Financial Advice.
Built using the ERC-20, this token was previously available on the decentralized platform (DEX), Uniswap.
Although inspired by Japanese dogs, shiba inu is the same as Dogecoin, the two of them are seen as fierce competition again after DOGE's price suddenly dropped after Elon Musk's appearance on SNL.
Is there a SHIB going to kill DOGE? Nobody knows because SHIB so far has not had solid support other than a large community and is operated on the Ethereum chain, different from DOGE which is being mocked by Musk, Snoop Dog and Mark Cuban.
At the time of writing, the SHIB was trading at $ 0.00003383, an increase of over 139% in 24 hours. While DOGE was worth $ 0.459, it lost more than 17%.
