Shibnobi Rallies This Thursday As Many Hop On The SHINJA Train

The $SHINJA memecoin caught fire on Twitter yesterday, as the crypto came in clutch with a 54.8% rise in value over the past 7 days. Shibnobi was up more than 13% on heavy volume and investor interest as of 20 Jan, according to Investorplace; the digital token has witnessed a very bullish sentiment over the past 5 days by volume and price movement as well.

A Bit Of Background On SHINJA Thus Far

Shibnobi (CCC: SHINJA-USD) is an innovative deflationary token aiming to revolutionize Defi. It’s also a Shiba-inspired token that self-proclaims itself as the “the World’s Most Deadly Shiba”, all the while featuring a Shiba Inu in ninja clothes.

The two-month-old memecoin had first caught people’s attention not long after its debut, partially attributed to its deflationary tokenomics, which wasn’t a commonly seen trait among popular cryptos. The initial gains died down quite early regardless, as people reassessed the value of this digital currency after it spiked.

Furthermore, the cryptocurrency has even ventured into building its own proof-of-stake blockchain, Kusari, which is hard forked from the Ethereum blockchain. They aim to offer cheaper gas fees than Ethereum and faster transactions than the Ethereum block. This would include a multi-chain swap platform – Dojoswap – where users will be able to work across Binance Smart Chain, Polygon, Ethereum as well as Cronos.

And in addition to all this, as of 21 January, Shibnobi was incorporated. This sets the meme token up for getting listed on five separate exchanges over the next 4 weeks – ProBit, LBank, Bitrue, Gate io and Safemoon Swap.

At the time of publishing, Shibnobi is up by 11.7% in the last 24 hours with a total supply of 69000000 Quadrillion, as per CoinGecko.

Click here to read CoinMarketCap Collaborates With Shiba Inu Devs To Spread Word Of Misleading SHIB Addresses.

Sneh Dokania is an Economics major student with an inquisitive disposition seeking to articulate facts, information and news stories in a candid manner on Clout News.

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