News

GenshinShibInu Price Up Over 3000% After PancakeSwap Listing

GenshinShibInu (GSHIB) is the latest meme coin that gained over 3000% in the past 24 hours. With a 24 hour trading volume of over $1 million, let’s take a closer look at GSHIB and see what all the hype is about.

What Is GenshinShibInu?

GenshibShibInu, or GSHIB, is a Binance Smart Chain token featuring an Artificial Intelligence rebase protocol that adjusts GSHIB’s supply based on market conditions.

Users can also receive rewards in SHIB by holding and staking GSHIB, which is another way to incentivize traders to buy the token.

You can purchase GenshinShibInu on PancakeSwap, by adding the following contract address:

0xc0e39cbac6a5c5cdcdf2c1a1c29cbf5917754943

Why Is GenshinShibInu Price Rising?

GSHIB was only recently listed on PancakeSwap on November 15th. It seems that the hype is due to the recent listing and the price will take some time to stabilize.

Related Post

The fully diluted market cap of GSHIB is at $38 million, but the true market cap is yet to be defined. Due to GSHIB’s AI rebase protocol, calculating the market cap is not as straightforward as other tokens.

For those that were able to purchase GSHIB within the first hour that the coin went live on PancakeSwap, the rewards are insane. At this point, there’s no telling whether GSHIB’s price will continue to increase, so exercise extreme caution if you’re looking to buy this token.

In my opinion, buying GSHIB right now is akin to gambling, you could double your money in the short term, or you could lose 50% by tomorrow.

Disclosure: This is not trading or investment advice, always do your own research before purchasing any cryptocurrency.

Follow us on twitter @themerklehash to stay up to date with the latest cryptocurrency news!

Kyle Portman

I love writing, reading, gaming and educating.

Share
Published by
Kyle Portman

Recent Posts

Top 5 Hottest Metaverse Projects Right Now

As the Metaverse trend picks up, we see more and more emerging projects entering the…

2 hours ago

Embr’s Innovative CeDeFi Ecosystem Aims to Provide Long-term Value To Investors

There has been a lot of discussion about decentralization and why it is essential for…

17 hours ago

Top 5 Yield Farming Coins to Watch In 2022

With the recent boom of Metaverse and Meme coins, it seems that Yield Farming projects…

21 hours ago

Shiba Inu Price Up 5%, Gemini Adds SHIB to Its Platform

Shiba Inu price is up 5% today, peaking at $0.00005592 with a low of $0.00005235.…

1 day ago

5 Metaverse Coins Valued Under $100 Million

With metaverse applications being the next big trend in crypto, there are still a lot…

1 day ago

The Work From Home Revolution Has Arrived

With many employers and employees acknowledging the feasibility of remote work, the possibility of it…

2 days ago

This website uses cookies.