Jakarta, Pintu News – Shiba Inu, a popular meme coin, recently joined the latest trend in the crypto market with a post on X stating “Shib is for all”. This post comes on the heels of the recently viral “Base is for all” token furor.
Check out the full news below!
On April 18, the Shiba Inu team, through their @Shibtoken account on X, shared a message that caught the attention of many: “Shib is for all”.
Shortly after, they uploaded another post with the words “Coined it” which is connected to Zora, a platform that allows users to print content as tokens.
This move not only attracted attention but also triggered the launch of a new token that has not yet been officially verified. The token quickly reached a market capitalization of over $20 million before losing over 40% of its value and returning to $11 million.
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In response to the post, the price of Shiba Inu showed a 1% increase, reaching $0.0000118. This price recovered after previously hitting a daily low of $0.00001164.
Although this increase is fairly small, especially when compared to the recent spike in the price of the Base token before it eventually crashed, market experts such as IAmCryptoWolfy are keeping a close eye on Shiba Inu’s price spike on X. SHIB’s daily volume is also reported to be reaching significant levels, adding to traders’ and investors’ optimism towards the price prospects of this meme coin.
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The case of Shiba Inu shows how meme coins can influence crypto market dynamics. By adopting an inclusive slogan and leveraging platforms like Zora for tokenization innovation, Shiba Inu is not only following but also creating a trend.
This shows the potential of meme coins to be more than just a speculation tool, but also a player capable of influencing the crypto market as a whole. Going forward, it will be interesting to see how this strategy will affect Shiba Inu’s position among other cryptos.
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