Is Shiba Inu Price Dead? SHIB 2.0 Shitcoin Pumps Instead and These 2 Meme Coins Could Be Next
Is the Shiba Inu price dead? $SHIB is down 5.4% as its selloff of recent weeks continues. Meanwhile, new coin SHIB 2.0 is pumping 1,635% in the past 24 hours and attracting all the excitement, plus two other newcomers.
Launched at 11:30pm UT yesterday, SHIB 2.0 token has already reached a high of $0.001071, although it has since lost a zero to trade at $0.0002919.
Make no mistake, meme coins are still all the rage in crypto, with traders and investors voraciously hunting down any coin that looks like it could be the next big thing.
Shiba Inu is currently the 19th largest coin by market cap ($4.3 billion), ranked only second to the original standard bearer of the sector, Dogecoin.
However, as traders, to some extent, sour on centralized exchanges, it is decentralized exchanges that are attracting the hot money, especially in the days of a token. Shiba Inu is down 32% in the past three months.
And for those who missed out on Doge, Shiba and Pepecoin, the 2.0 meta looks like it is taking off.
Crypto Doug is one of the SHIB 2.0 early buyers – he took a long position at $400k market cap. $SHIB2.0 market cap has since soared past $2 million:
Given the pump seem by SHIB 2.0 today and Pepe 2.0 yesterday (up 54,000%), and the recent birthing of a Doge 2.0, there may be a trend emerging.
Are traders and speculators – and even some whales – increasingly looking to a host of newcomers to steal the crown from the meme coin sectors establishment incumbents?
SHIB 2.0 has formed a flag that could presage more positive price action to come. Early buyers have been taking their profits, but that could be opening up enticing opportunities for new buyers.
Total liquidity in SHIB 2.0 is only $51.6k at the time of writing and trading volume is a
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