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SHIBGF Price (SHIBGF)
$0.00
3.99%
SHIBGF Price Chart (SHIBGF/USD)
Last updated 15 Jun 2022, 20:39PM UTC. Currency in USD.
Markets
| # | Exchange | Pair | Price | Spread | Volume(24h) | Trust |
|---|
SHIBGF Price Statistics
- SHIBGF Price Now $0
- 24h Low / 24h High $0 / $0
- Trading Volume $2,276
- Market Cap Rank #0
- Market Cap $0
- Volume / Market Cap 0.0000
-
All-Time High
$0 -99.03%
Nov 02, 2021 -
All-Time Low
$0 15.78%
Jun 15, 2022
What is SHIBGF cryptocurrency?
Introduction
SHIBGF cryptocurrency is a digital currency that has gained popularity in recent times. It belongs to the family of meme tokens and is often referred to as a "Dogecoin killer." While it may seem like another playful cryptocurrency, SHIBGF has made significant waves in the crypto market.
Background
SHIBGF was launched in August 2021 and quickly gained attention, primarily due to its association with the popular meme token, Dogecoin. SHIBGF is built upon the Ethereum blockchain, making it an ERC-20 token. It aims to offer a decentralized token with a large supply similar to Dogecoin but with some additional features.
Key Features
1. Reflective Tokenomics: One of the unique features of SHIBGF is its tokenomics. It uses a reflection mechanism that redistributes a percentage of each transaction to existing SHIBGF holders. This allows holders to passively earn more tokens simply by holding onto their SHIBGF.
2. Decentralized Community: SHIBGF is governed by its community, with decisions made through on-chain voting. This creates a decentralized and democratic ecosystem, ensuring that all holders have a say in key decisions.
3. Burn Mechanism: SHIBGF incorporates a burn mechanism, where a portion of tokens from each transaction is burned, reducing the total supply over time. This deflationary characteristic can create scarcity and potentially increase the value of SHIBGF tokens.
Investment Considerations
As with any investment, it is essential to consider the risks associated with SHIBGF cryptocurrency:
1. Volatility: Cryptocurrencies are known for their volatile nature. The value of SHIBGF can fluctuate significantly within a short period, making it a high-risk investment.
2. Market Sentiment: SHIBGF's value is influenced by market sentiment and trends. Media coverage, social media buzz, and other factors can impact its price unpredictably.
3. Regulatory Concerns: Cryptocurrencies operate in a constantly evolving regulatory landscape. It is crucial to stay informed about any regulations or legal implications that might affect SHIBGF.
Conclusion
SHIBGF cryptocurrency has emerged as an intriguing player in the crypto market. With its unique features and association with meme tokens, it has gained considerable attention. However, investors should approach it with caution, considering the inherent risks involved in cryptocurrency investments. It is advisable to conduct thorough research and consult with financial experts before making any investment decisions.