After DOGE, we had another cryptocurrency that absorbed the volume of the market. The SHIB coin quickly reached a market value of $10 billion and a volume of $2 billion. And with a total supply of 1 quadrillion.
The recent incredible rise of doge cryptocurrency has led to the explosion of projects with unlimited supply or many zeros. These coins, which were once described as garbage, have reached incredible volumes today.
The recently released SHIB unit, or Shiba INU, has surprised everyone. SHIB, which started its life with small-scale exchanges and continued with Huobi, China’s giant stock market, exploded today. With a total supply of 1 quadrillion, SHIB has generated billions of dollars in volume.
SHIB, which currently has a market value of $11 billion, reached a daily volume of $2.2 billion. The unit costs neither dollars nor cents. It’s unidentified. The currency is currently at $0.0000095. A month ago, it was at $0.0000006 and even lower. Those who invested a few tens of dollars back then now have thousands of dollars. For SHIB, the term garbage is not used much because they try to create added value with projects such as the exchange.
The storm of unlimited supply currencies is not going to go away. The AKITA unit of the SHIB ecosystem has also gained up to 5-10 times and generates an incredible volume. The entire cryptocurrency market has given up its job and is watching them.