The Shiba Inu (SHIB) token has experienced a 1% decline in value over the past 24 hours, disappointing holders who were expecting a surge in price after the launch of Shibarium. Over the past weeks, the team behind Shiba Inu has taken steps to reintroduce the Shibarium layer 2 network to the public, but the token’s price has remained around $0.0000008.Investors have become wary of the project’s future due to the multiple failures regarding the launch of the layer-2 blockchain, and 1.8 trillion SHIB tokens ($14.5 million) have been withdrawn between August 17 and 26. This withdrawal surge could lead to a shortage in supply, impacting SHIB’s price dynamics.In contrast, the Golden Inu (GOLDEN) ERC-20 token has recently experienced one of its most lucrative days to date, with an 18% surge in its 24-hour trading performance. This is likely due to the listing of the currency on prominent crypto-listing platforms, as well as the launch of the new play-to-earn game “Golden Inuverse” and the new token-burning portal.Golden Inu has also implemented a smart contract that allocates 50% of all revenue generated by the project’s dApps to automatically repurchase tokens for subsequent burning. This methodology is expected to give even more value to $GOLDEN and promote the use of the company’s applications. The recent introduction of the new token-burning portal and security audits performed by the developers and its founder have also contributed to investor confidence in the project.
This News Article was automatically generated by Bob the Bot(AI)
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | None |
| Companies | Golden Inu, Shiba Inu, Shibarium, Crypto News Flash, Golden Inuverse |
| Currencies | Ethereum, golden inu (golden), Shiba Inu, Harmony, Bitcoin |
| Securities | None |
