Amidst the glooming crypto market, Alien Shiba Inu turns Rs 1 lakh to Rs 26 lakh plus in a day
By MYBRANDBOOK
A new crypto coin that plays on the popularity of Shiba Inu, skyrocketed to new highs, amidst a fall in the market. Alien Shiba Inu or ASHIB is the new talk of the town after the crypto coin saw a wave of interest boost its price to over 26 times its previous value. In numbers, this means that an investment of Rs 1 lakh in Alien Shiba Inu on Saturday would have given users a return of over Rs 26 lakh by Sunday noon.
The coin is a gimmick that plays on the popularity of Shiba Inu. Through Alien Shiba Inu, its developers seemingly want to offer a chance to investors who missed out on the bull run of Shiba Inu. It uses the tagline "The Alien Invasion is Finally Here!" and recently had the TikTok sensation Island Boys dedicate a song to it.
As per data recorded by CoinMarketCap, the price of Alien Shiba Inu turned to an all-time high of USD 0.009869 on Sunday noon. While it seems to be a meagre amount, know that the average price of the coin before the surge was around USD 0.000376. This means that investors who were involved with the crypto coin prior to the surge have had massive gains on the bygone weekend.
The coin is ranked around 3,000 on CoinMarketCap, and does not have data for its market cap and circulating supply available. The index does note though, that there will be a maximum supply of 100 million ASHIB coins.
The coin is based on Binance Smart Chain and was launched in November last year. It now trades on PancakeSwap and eyes a listing on other exchanges going forward.
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