Shiba Inu (SHIB) Price Disappointing Holders?
• Shiba Inu (SHIB) is an Ethereum-based meme coin with an active community and a total supply of one quadrillion.
• Despite token burns in recent weeks, the SHIB price has not increased proportionately.
• Investors are looking for projects that will benefit people from any region of the world, such as Conflux (CFX) and Collateral Network (COLT).
Overview Of Shiba Inu (SHIB)
Shiba Inu (SHIB) is an Ethereum-based meme coin with an amazing community. The Shiba Inu (SHIB) ecosystem features a decentralised exchange called Shibaswap. Also, Shiba Inu (SHIB) has a total supply of one quadrillion, which makes the coin abundant. The Shiba Inu (SHIB) network makes use of a burning mechanism to help to increase the value of the coin. According to an Ethnews.com report, high numbers of token burns in recent weeks have not had the expected impact on its price. March 2023 was the strongest month since October 2022, with 6.78 billion Shiba Inu (SHIB) tokens burned in 540 transactions; however, this hasn’t translated into higher prices for SHIB yet. The lead developer of the network, Shytoshi Kusama, has assured investors that Shiba Inu is still a worthwhile investment for swing traders despite its current situation in terms of prices.
Conflux (CFX) is a layer one blockchain for decentralised applications (dApps), e-commerce and Web 3.0 infrastructure designed to be more scalable than existing protocols while being compliant with Chinese regulations at the same time. The Conflux token powers fees and staking within Conflux’s network and is currently trading at $0.378 according to press time information. To further boost liquidity, Conflux recently announced plans to deploy Uniswap V3 which will give millions of new users access to DeFi products, particularly those from China and Asia markets but still open to anyone around the world who wants to join in on using this project’s services or products .
Collateral Network(COLT), on the other hand is a Web3 decentralized peer-to-peer platform for real-world assets that aims to revolutionize crypto lending industry by allowing people who need short term loans collateralize their physical assets like gold or real estate for it instead of fiat money or cryptocurrencies like Bitcoin .
Both projects offer interesting solutions aimed at different user profiles and markets worldwide: while Conflux looks towards increasing liquidity between Asian markets primarily through its own native token CFX , Collateral Network focuses on changing how lending works by providing alternatives outside traditional banking systems like fiat money or major cryptocurrencies like Bitcoin .