Recommended
Shikoku, New Shiba Inu Clone, Rose 68%, Here’s Why
There is a broad downturn in the digital currency ecosystem today, with the combined cryptocurrency market cap down 3.99% to a new valuation of $1.03 trillion. Amidst this rout, the new Shiba Inu meme clone Shikoku (SHIK) is leading the market higher, up 42.04% in the last 24 hours, according to CoinMarketCap.
At its current price of $0.00000001558, the meme coin has now recorded more than 68% growth in the trailing seven-day period to showcase the stability of the token thus far.
It is not uncommon to find a new meme coin trailbraze the market when there is an impressive protocol update that excites its community. The same holds true for Shikoku as it recently announced it burnt off as much as $300,000 worth of SHIK tokens. While this sum may appear small, it is having a significant impact on the token, whose market cap is just a mere $14.9 million.
Shikoku was created to serve as a decentralized meme coin experiment. While its applications are numerous and growing, it essentially focuses on creating the Shikoku Inu Decentralized Ecosystem (SIDE) of applications and tools.
Shikoku Bullish run not permanent
Meme coins are generally regarded as fun tokens, and their relevance over the years has been embodied primarily in driving temporary growth in investors’ portfolios. The uptick in most meme coins is not permanent, and this begs for caution considering related trends that have been recorded thus far this year.
While there has been a case of pump and dump with legacy meme coins like Dogecoin (DOGE), new entrants like Solana-based BONK have fizzled out as quickly as the token made its way into the ecosystem.
With highly bullish growth periods of more than 600% at a time, growth was unsustainable, reinforcing investors’ cautious attention to new industry entrants like Shikoku.
Read More:
Pi Network Launch Date: When Will Pi Coin Enter The Market?
Is Pi Network Legit Or Scam: Pi Cryptocurrency Real Or Fake?
Pi Coin Price Prediction: Will Pi Ever Be Worth Money?
Luna Classic Price Prediction: Will Luna Classic Reach $1?
Wild Cash App by Hooked Protocol: Answer Quiz to Earn $HOOK
Blur Price Prediction 2023, 2025, 2030: Is Blur Crypto a Good Investment?
Moon Bitcoin Review – Your Best Chance to Get Free Bitcoins
Will Shibarium Burn Remove 111 Trillion SHIB Annually?
Gasoline Price Prediction 2023-2030: What Will It Be in Five Years?
ChargePoint Stock Forecast for 2023, 2025, 2030
Sofi Stock Price Prediction for 2023, 2025, 2030
HBAR Price Prediction 2025, 2030
Baby Doge Coin Price Prediction 2023, 2025, 2030
Hooked Protocol Price Prediction 2023, 2025, 2030
ADA Cardano Price Prediction 2025, 2030
Ethereum Price Prediction 2025-2030
Register now to begin your crypto journey
Download the BTCC app via App Store or Google Play
Follow us
Scan to download
- Terms & Agreement
- Customer Service
- Online Customer Support
- Report an Issue
- support@btcc.com
- listing@btcc.com
Quick Links
Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
The world’s longest-running cryptocurrency exchange since 2011 © 2011-2025 BTCC.com. All rights reserved