Shiba Inu Coin News: In a historic feat, the upcoming Layer-2 Shibarium main token has entered the top 100 cryptocurrencies by market capitalization. The hype around Shibarium gave a much-needed boost to Shiba Inu’s Bone and the asset not only surged in terms of price but also in market value. And now, the community is focusing on the other token in the SHIB ecosystem, Doge Killer (LEASH).
Can LEASH Jump Into the Top 100 Cryptos?
Shytoshi Kusama, the lead developer of Shiba Inu Coin is dropping various hints at the imminent release of the much-awaited Layer 2. After releasing the second blog on Shibarium and other developments, Shytoshi most recently updated his Twitter bio with: “On (fire emoji) & on schedule.”
Just yesterday, Bone entered the coveted top 100 cryptos as its market cap hit a high of $450 million, which pushed the asset’s ranking to 97. According to CoinMarketCap, BONE is now trading at $1.88, up from around $0.88 at the beginning of the year. On the other hand, Leash witnessed minimal price movements despite the numerous updates from the Shiba Inu network.
At the time of writing, the asset was trading for $694.73 with a 5.30% daily price surge. The market cap of Leash was $74,786,048, and it was ranked no. 2714 on CoinMarketCap.
Despite being priced the highest among the other cryptocurrencies in the Shiba Inu Coin ecosystem, the market cap of Leash is too low in comparison with SHIB and BONE. Read more Shiba Inu News here…
Leash in Top 100: Nearly Impossible
As you know, the reason for Bone’s upsurge is drawn from the impending launch of the Layer 2 Shibarium beta. It is going to be the native token selected to pay for gas transactions and reward validators within the protocol. Meanwhile, Doge Killer’s utility is associated with Shibaverse, the Shiba Inu metaverse.
Metaverse was the buzzword in 2022, but the emergence of artificial intelligence smoothly put this technology in the back seat. Hence, the decline in the hype around the metaverse might restrict the growth of Doge Killer (LEASH).
In conclusion, the cryptocurrency market is unpredictable. Anything and everything is possible! Therefore, if you are planning to invest in crypto assets, do your research and seek professional advice.
Also Read: Shytoshi Kusama Reveales His New Plans For Shibarium
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
