New SHIB moniker jumps 513% as Shibarium reopens withdrawals
Little is known about XShiba Inu at this time except for the fact that it shares the same ideology with Shiba Inu dog-themed cryptocurrencies. However, the meme coin is built on the Ethereum network, takes a 1% tax fee and has its own staking dApp, where users can stake their tokens like a regular proof-of-stake project.
While it is not uncommon to find copycats of projects like the Shiba Inu, their longevity is an entirely different subject. With XShiba riding on the hype surrounding theBuilding momentum on Shibarium might prove to be more volatile than envisaged as, even though the protocol has a large supporter base, it still requires time to earn its place as an L2 on Ethereum and in the broader digital currency ecosystem.
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