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Shiba Inu and Doge Advancements

Shiba Inu (SHIB) has just regained a market valuation of $15 billion, causing a new surge of market activity surrounding it.

Shiba Inu and Doge Advancements iBase Trading.
iBase Trading Crypto News

Shiba Inu (SHIB) has just regained a market valuation of $15 billion. Causing a new surge of market activity surrounding it.

The latter reflects a reasonable rebound and a unique threshold value for the SHIB token thus far.

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Shiba Inu is now $0.00002809 at the time of writing. The cryptocurrency is up 24.23 percent, and the stock market is up 37.21 percent, accordingly. On CoinMarketCap, the underlined values represent the SHIB token’s 24-hour and 7-day volume of trade. Furthermore, Shiba Inu is now the world’s 14th largest cryptocurrency, thanks to its on-chain analytics.

The Shiba Inu’s $15 billion market value excites all cryptocurrency enthusiasts across the world, particularly the “SHIBA Army” group. As a result, traders began a more aggressive cryptocurrency trading journey. At the same time, cryptocurrency apes as well as other Shiba Inu die-hard admirers are ecstatic. The SHIB coin has reached such a significant milestone.

What’s for the Future?

Moreover, analysts believe Shiba Inu is poised to thrive once more. Like its prior success in the fourth quarter of 2021. On the other hand, regardless of the fact that the values of numerous other meme coins have risen dramatically. SHIB token’s performance currently indicates that it poses a danger to its competitor cryptocurrency Dogecoin (DOGE) and many other altcoins.

Doge NFT Series

Dogecoin co-creator Billy Markus stated last week that the final three Dreaming Doge NFTs had been produced. It is now available for purchase on OpenSea.com.

In spite of its status as a meme coin, Dogecoin is one of the most popular digital currencies. Markus Palmer and Jackson Palmer, two software professionals, founded the company in December 2013. Also, it is as a “joke.” The first meme coin, according to many. Elon Musk, the founder of Tesla, has given his support to Dogecoin, despite its beginnings as a prank.

The value of Doge-related NFTs has surged in tandem with the recent boom in the NFT markets. In September 2021, a Doge NFT portraying the original 2013 doge meme. With starring the Shiba Inu dog was valued at $336 million.

It was in 2015, when Markus resigned from the Dogecoin project and renamed himself “Shibatoshi Nakamoto” on Twitter. He has begun a new series on OpenSea called the Dreaming Doge NFT.

NFT Series

The NFT series, as per Dreaming Doge’s official OpenSea website, is a compilation of pixelated doge art. It is devoted to growth and harmony. There will be eight different sorts of Dreaming Doges, each in an edition of eighty-eight. Last week, the inaugural edition’s final three NFTs were unveiled.

Each NFT had a floor value of 0.75 ETH, with a total amount of 470 ETH exchanged so far. The most expensive Dreaming Doge, #4, was purchased for 1.9 ETH. So far, Dreaming Doge #1 has been the most popular NFT on the site. Coinmarketcap statistics indicated Ethereum was trading at $3,074.96 at 3.51 a.m. ET on Monday.

Dogecoin was trading at $0.1563, up nearly 6% in the previous 24 hours.

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Abby Hernandez is an independent crypto writer for iBaseTrading. She is passionate about NFT, decentralization and anything related to blockchain technology. She has worked in the financial sector for 7 years and loves yoga and dancing.