ShibaDoge a new meme coin is trending on coinmarketcap after gaining 22% in the past 24 hours. At the time of writing ShibaDoge is being trading at the value of 0.000000000000000426. A lot of decimals in fact and would it take time to eliminate these zeros. After all, a meme coin depends on the community. If the community is with a project then it would surely be great.
At the time, the ShibaDoge has a volume of $2.25M. The market cap for the project is around $175M. It has a rank of 3,024 on coinmarketcap. The circulating supply is around 420T tokens. But what exactly is the project about?
According to the developers. The project is created to bring about a positive change in the community. ShibaDoge is inspired by the two of the most popular meme coins and also the most successful of these.
Dogecoin (DOGE) and Shiba Inu (SHIB)
Dogecoin stands at the price of $0.138 and stands at the rank of 9th among the top cryptocurrencies. What now started as a meme and a joke is one of the most popular cryptocurrencies in the world. Being accepted by Tesla is a feat in itself. With a total market cap of $18B, Doge is one of the top meme coins.
Shiba Inu stands at the price of $0.00002074. The project is listed on coinmarketcap at the 15th spot. With the circulating supply of almost 549B. It has a market cap of about $11B and has a market dominance of about 0.68%.
ShibaDoge and the Motive
Even though both of these started as a meme it has been seen that both of the project’s followers have been avid haters of the other one. ShibaDoge started to remove this negativity from the people and create a way to bring them closer. As Peter says in the medium article “Bringing together Mortal Enemies”
“My team and I, having seen the fight become vulgar and aggressive to the point where Dogecoin holders and Shiba Inu investors are absolute mortal enemies, have decided that we needed to figure out some way to bring the community back together. The power of these amazing communities coming together is significantly more valuable than two independent parties competing against each other for a “winner takes all” scenario”.
ShibaDoge is a community-driven token whose public sale is live at the time of writing. It has a 3 stage agenda for the coming months. It is an anti- whale, auto deflationary, and anti-botting. ShibaDoge can be bought on Uniswap.
