2021-12-10 16:48 |
The popularity of Dogecoin (DOGE/USD), Shiba Inu (SHIB/USD), and other meme coins triggered an influx of analogs into the crypto space. Clearly, this market is oversaturated. To keep the space going, there is a need for new themes. Is Shar Pei one such new theme?
About Shar PeiShar Pei is a Chinese dog breed that makes a good watchdog. They are not the most attractive of dogs, with a stocky build and incredibly wrinkly skin. They’re also known as the vet’s nightmare as they tend to suffer from frequent health issues. However, their owners will tell you they are adorable and make great guardians and loving companions at the same time.
Combining a fun present with a promising futureThe Shar Pei meme token project deviates from the standard Shiba Inu kind. Its founders have stayed as close to the original theme behind the leading meme coins, but they have found some success with respect to the differences, NewsBTC writes. The project combines an exciting present with the promise of a great future.
A different approachThe founders have taken a different approach. They did not hold a private sale or a seed sale. The token was launched freely to put all interested parties on equal footing so they can enjoy returns on their investments.
Total token supply is 100B, 50% locked on PancakeSwapShar Pei was launched about three weeks ago with a total supply of 100 billion tokens. Half of those are locked on PancakeSwap (CAKE/USD) for five years in the BUSD and Binance Coin (BNB/USD) pair.
This limits the available supply and the current circulating supply a great deal. Its volume won’t grow in the next five years. Today, the coin is down around 2%. It is currently trading for $0.000078 according to Coinmarketcap.
Humble statsAt its current price, the market cap of Shar Pei is just under $4 million, with over 5,000 holders invested in the token. The fully diluted market cap is $7,833,186. Trading volume has been $401,484 in the last 24 hours.
Shar Pei is listed on Coingecko apart from Coinmarketcap and can be bought on PancakeSwap.
To answer the title question: maybe not. Still, it just might stand a chance to become the next SHIB.
The post Is Shar Pei the hottest new meme coin to watch? appeared first on Invezz.
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