New cryptocurrency added to CoinMarketCap - A Quick-report :
Important Notice: This report on SHIBA INU X is provided solely for informational purposes and should not be considered investment advice. Due to the anonymity of the team behind SHIBA INU X and the lack of comprehensive data + certain risks that might lead to partial/complete loss of funds for investors or the funds cannot be withdrawn from this project, Investments towards this project are highly unrecommended.
Investors should conduct thorough research and proceed with caution.
Market Overview:
Price: $0.024045 USD
24-Hour Growth: 135.99%
Market Cap: $32,176
24-Hour Trading Volume: $51,285.20 USD
Circulating Supply: 999,769
Total Supply: 999,769
Blockchain: BNB Smart Chain (BEP20)
CoinMarketCap Ranking: #3435
About SHIBA INU X: SHIBA INU X, a new entrant in the cryptocurrency market, is perceived as highly speculative and risky. Its name suggests a similarity to the more well-known meme token "Shiba Inu," which could be misleading for uninformed investors. This resemblance is often a characteristic of less credible projects. The project's intentions and strategies are currently unclear, as the development team remains anonymous.
Trading Platforms: Jupiter and PancakeSwap v2 (BSC)
Risks and Considerations:
Team Anonymity: The lack of transparency regarding the development team raises concerns about accountability and the legitimacy of the project.
Market Perception: As a new entity with potential similarities to known meme tokens, its market perception is mixed, with a high risk of total loss.
Investor Caution: Given its speculative nature, potential resemblance to other tokens, and unknown team, investors are advised to exercise extreme caution.
Contract: The address is found to contain certain risks that might lead to partial/complete loss of funds for investors or the funds cannot be withdrawn from this project. Investments towards this project are highly unrecommended.
Conclusion: Due to the significant risks and the unknown team, SHIBA INU X is considered a highly risky investment, and Investments towards this project are highly unrecommended.
Disclaimer: The information provided in this report is for informational purposes only and does not constitute investment advice. Investment in cryptocurrencies is speculative and involves a high risk of loss. We recommend consulting with a financial advisor before making any investment decisions. Links: https://dappbay.bnbchain.org/risk-scanner/0x39bE270D18bcb4EF93F670158E1204A561158D93 https://coinmarketcap.com/currencies/shiba-inu-x/ https://shiba-inu-x.gitbook.io/shiba-inu-x/introduction/abstract https://inucoinshib.com/