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Highlights
- Shibnobi crypto (SHINJA) is a community-driven organ which aims to develop a multi-chain swap on a Defi ecosystem.
- SHINJA token is built on Kusari Blockchain and operates through the Proof-of-Stake consensus that is hard forked from Ethereum blockchain.
- SHINJA token on 16 February was trading at US$1.28e-14 with a trading volume of US$4,358,923 over a day. At the time of drafting, Shinja token was up by 16.61%.
Shibnobi crypto (SHINJA) is a community-driven organ that aims to develop a multi-chain swap on a Defi ecosystem. Launched in November 2021, the Shibnobi token targets to achieve simplicity and safety for investors who are new to the domain
SHINJA token is built on Kusari Blockchain and operates through the Proof-of-Stake consensus that is hard forked from Ethereum blockchain. One of the advantages of the Shibnobi token is that it offers cheaper gas fees than Ethereum and greater transaction speed than Ethereum.
Also read: Why is Umee (UMEE) token grabbing eyeballs today?
The SHINJA token has been seen an impressive rally of over 15%. This rally comes after weeks of being down by over 32% and 20% in the 14-day and 7-day period, respectively according to Coingecko.
Why is Shibnobi rallying?
The Shibnobi token has been rallying following the announcement of its upcoming exchange listings, which are due on 22 February, 28 February and 7 March. One of the exchange listings happens to be Gate.io which has been quite active recently.
Earlier this month, the SHINJA token was in news following Hollywood actor Martin Kove’s support to the platform. The actor expressed his support by claiming that he would be open to be referred as SHINJA Sensei.
Shibnobi token is not only well audited by leading names such as TechRate, but also is in the process of getting another certificate from Certik, which would add to its project’s credibility. Backed by the team of Cliff Fettner, Luke C., Andre Santos, Speros Palmer, its ecosystem boasts of providing price appreciation of about 5% through its liquidity pool tax.
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How is Shibnobi’s price faring?
Shibnobi is governed by its native token SHINJA and is ranked 2935 on CoinMarketCap. SHINJA token on 16 February was trading at US$1.28e-14 with a trading volume of US$4,358,923 over a day. At the time of drafting, Shinja token was up by 16.61%. Although the circulating supply is not listed on CoinMarketCap, but the website claims that the token has 37,507,764,933,034,490,000,000 SHINJA coins in circulation.
Though relatively new, Shibnobi token has managed to carve a niche for itself with strong fundamentals. Investors will be looking forward to more of such sunny days. The exchange listing, which is due later this month, could perhaps draw more attention towards the project and will be looking to make up for the losses which it had incurred over the past few weeks.
