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A Mysterious meme Coin is currently causing a stir: Saudi Shiba Inu Coin (SAUDISHIB) just exploded, then brutally crashed right after. A typical pump&dump coin – or is there more to it?
Saudi Shiba Inu Coin Pumps – and Pumps
Although he describes himself as the “official Saudi version of Shiba Inu”, he is still far from being as successful as the great meme coin role model Shiba Inu Coin: Saudi Shiba Inu (SAUDISHIB), a new fun currency. Since July 2022, SAUDISHIB has been located on Coinmarketcap.com – and despite its short life, the asset has already experienced some ups and downs.
Within the last 24 hours alone, investors of the coin have faced a massive roller coaster ride: for example, SAUDISHIB traded around $ 0.000000001889 at the same time yesterday at lows, then pushed to $ 0.000000002465 within a few hours – an increase of more than 30% and a new local high for SAUDISHIB (data from Coinmarketcap.com ).
However, the bulls could not maintain the momentum: shortly after reaching the highs, Saudi Shiba Inu Coin began to fall again – and had to give up all the daily gains again. From 0,000000002465 dollars from SAUDISHIB fell to 0,000000001332 dollars – a loss of more than 45%.
The price explosion has now brought the coin into the focus of many investors for the first time. They are wondering now: What is Saudi Shiba Inu Coin?
What is Saudi Shiba Inu Coin?
Saudi Shiba Inu Coin (SAUDISHIB) is marketed as a DeFi token. The project runs on the Binance Smart Chain (BSC) and reportedly offers its own NFT platform including NFT collections and auto-staking feature. Loud coinmarketcap.com SAUDISHIB is ranked 3.410 of all crypto currencies and thus far behind Dogecoin (DOGE) or Shiba Inu Coin (SHIB). Caution is appropriate here: The project seems to have only recently come into existence, and it also seems like a cash grab attempt.
Tip: Tamadoge – new emerging meme coin in the presale
Investors in search of new meme coins may have already Tamadoge (TAMA), a promising play-to-earn cryptocurrency in the presale. Saudi Shiba Inu Coin has Shiba Inu as its role model – Tamadoge, on the other hand, describes itself as a “play-to-earn dogecoin”. And the name says it all: Loud White paper develop the team with Tamadoge a kind of digital tamagotchi that allows users to earn money in a fun way.
So you breed a digital Tamadoge pet as an NFT, train it – and then you can let it compete against other Tamadoge pets. There are dogepoints for that – and the more of them you have collected at the end of the month, the higher your reward from the “Dogepool” will be. Tamadoge (TAMA) is currently still in presale, i.e. in presale. This means: The coin is not yet available on the open market, it can currently only be purchased via the developers’ homepage. Analyses attest to the enormous potential of the project, even a 100x should be possible.
📣 Don’t Miss The #TAMADOGE Presale! 📣
Grab Some $TAMA Now And Take Care Of Your Future 😎
Buy Now At https://t.co/8e6aPKHhGC #TAMADOGEARMY #memecoin #presale #investing pic.twitter.com/WOpwFAtedJ
– TAMADOGE (@Tamadogecoin) August 29, 2022
Last updated on August 30, 2022
Cryptocurrencies are a very volatile, unregulated investment product. Your capital is at risk.