Cryptocurrency
ShibaSwap is the coin’s designated DEX that started as a fork of Sushiswap that has, in the words of Ryoshi, its “own little twists and elements.” Furthermore, Shiba Inu also plans to develop SHI, which will be the “global exchange of value for plebs,” an algorithmic stablecoin pegged to one cent instead of one dollar as most other stablecoins https://kokapandit.net/.
The anonymous creator of the Shiba Inu coin is known as “Ryoshi.” However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.
One of the Shiba Inu community’s decisions has been to begin burning SHIB to achieve some level of scarcity. Plenty have been on board with this, and crypto record label, Bigger Entertainment, organized a SHIB burning party over Christmas 2021 that burned 239 million SHIB.
Following the launch of the ShibaSwap decentralized exchange (DEX) in July 2021, holders could stake (or ‘bury’, according to them) SHIB to receive xSHIB. LEASH stakers receive xLEASH, and BONE stakers, quite naturally, receive tBONE tokens.
Hawk tuah girl cryptocurrency
The dramatic collapse prompted investors to file a class-action lawsuit against those behind the project. The lawsuit targets OverHere Ltd (the company behind $HAWK), its founder Clinton So, an influencer named Alex Larson Schultz (known as “Doc Hollywood”), and the “Tuah the Moon Foundation.”
It’s understood $HAWK token was the victim of a ‘rug pull’, where snipers who buy the asset where it’s cheaper and instantly sell it where it’s more expensive end up making a huge profit, according to CoinMarketCap.
OverHere, the platform for $HAWK token, said: “We believed in that vision so much that pushed harder and harder, perhaps through rose-tinted glasses and naivety about others’ intentions, even as the project began to unravel.”
The dramatic collapse prompted investors to file a class-action lawsuit against those behind the project. The lawsuit targets OverHere Ltd (the company behind $HAWK), its founder Clinton So, an influencer named Alex Larson Schultz (known as “Doc Hollywood”), and the “Tuah the Moon Foundation.”
It’s understood $HAWK token was the victim of a ‘rug pull’, where snipers who buy the asset where it’s cheaper and instantly sell it where it’s more expensive end up making a huge profit, according to CoinMarketCap.
OverHere, the platform for $HAWK token, said: “We believed in that vision so much that pushed harder and harder, perhaps through rose-tinted glasses and naivety about others’ intentions, even as the project began to unravel.”
Pi network cryptocurrency
Even with its new ideas, Pi Network has been called a multi-level marketing setup by some, thanks to its referral program, and people have worried about how it handles personal data. Now that the Open Mainnet is up and running, the real worth and tradability of Pi coins are finally being put to the test; some platforms were even offering IOUs for Pi before it was fully connected.
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At its peak, Pi Coin hit $2.90, but concerns over regulatory issues (thanks to its referral-based model) and criticism from crypto leaders — like the Bybit CEO calling it a scam — have kept the project under the spotlight for the wrong reasons. The Pi team, though, has consistently denied those accusations.
Cryptocurrency prices
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A cryptocurrency’s market cap increases when its price per unit increases. Alternatively, an increase in circulating supply can also lead to an increase in market cap. However, an increase in supply also tends to lead to a lower price per unit, and the two cancel each other out to a large extent. In practice, an increase in price per unit is the main way in which a cryptocurrency’s market cap grows.
The total crypto market volume over the last 24 hours is $148.44B, which makes a 10.43% decrease. The total volume in DeFi is currently $25.86B, 17.42% of the total crypto market 24-hour volume. The volume of all stable coins is now $139.43B, which is 93.93% of the total crypto market 24-hour volume.
Generally, altcoins attempt to improve upon the basic design of Bitcoin by introducing technology that is absent from Bitcoin. This includes privacy technologies, different distributed ledger architectures and consensus mechanisms.
Cryptocurrency works through networks of nodes that are constantly communicating with each other to stay updated about the current state of the ledger. With permissionless cryptocurrencies, a node can be operated by anyone, provided they have the necessary technical knowledge, computer hardware and bandwidth.