Shikoku, New Shiba Inu Clone, Rose 68%, Here’s Why

Last updated:03/03/2023
Why Trust BTCC
BTCC, a seasoned player in the cryptocurrency sector, has established a solid foundation of credibility through its over a decade of platform operation and profound industry experience. The platform boasts an experienced team of professional analysts who leverage their keen market insights and profound understanding of blockchain technology to offer precise market analyses and investment strategies to users. Furthermore, BTCC adheres to rigorous editorial standards, ensuring that every report and analysis is fact-based, striving for objectivity and fairness, thus providing investors with authoritative insights they can rely on. In the rapidly evolving cryptocurrency market, BTCC stands out as an indispensable partner for numerous investors and enthusiasts due to its stability, professionalism, and forward-thinking approach.

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

How to Buy Bitcoin in 2023? 

Bitcoin Futures Trading for Beginners

BTCC Review 2023

BTCC Discount: To Earn 3,500 USDT Deposit Bonus

Register now to begin your crypto journey

Download the BTCC app via App Store or Google Play

Follow us

Scan to download