Shiba Inu (SHIB) token has been stuck in a sideways trading pattern despite the relaunch of Shibarium, its layer 2 blockchain network. The first launch on August 18th faced significant issues, including transaction processing problems and disappearing assets. Developers worked to address the issues and implement updates, but investors remain cautious.Meanwhile, another memecoin, Golden Inu (GOLDEN), has seen an impressive 24.75% surge over the past week. This surge comes after it was listed on several crypto platforms, including CoinGecko. There are hints of upcoming new listings on CoinMarketCap, and the project is on the cusp of launching the beta version of its Play-to-Earn (P2E) game, Golden Inuverse. The project has also revealed a token-burning mechanism known as the Golden Treasury, which will allocate 50% of the total revenue generated from its decentralized applications (dApps) towards purchasing and burning $GOLDEN tokens.Golden Inu’s positive momentum and innovative strategies appear to be capturing the attention of investors and driving its growth in a dynamic crypto landscape. It remains to be seen whether Shibarium’s reinvigoration can eventually uplift the fortunes of Shiba Inu in a similar manner.
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 | neutral |
| Relevance Score | 8 |
| People | Investor Observer, Shytoshi Kusama |
| Companies | CoinGecko, Golden Inu, CoinMarketCap, Shiba Inu, Investor Observer |
| Currencies | Ethereum, Bitcoin, Golden Inu, Shiba Inu |
| Securities | None |
