© Igor Faun
Investing.com – The meteoric rise of this new digital currency in the first moments of its trading during Wednesday’s trading caught everyone’s spotlight.
While the market is recovering actively during today’s trading, the Shiba Hunter SHUNT coin headed for a record high in the first minute of its trading, jumping by more than 5000%.
It is noteworthy that the digital currency market, specifically those new currencies, is also launching at full speed and declining at full speed as well, as it is a highly volatile high-risk market.
So, be extremely careful when dealing with cryptocurrencies that can make you rich overnight, and may take your money in moments…
Sheba Hunter
The currency that mimics the famous meme rose from levels of 0.000000000342 to levels of 0.000000017 dollars.
Sheba Hunter’s trading volumes during those moments amounted to about $700,000, according to CoinMarketCap data.
Sheba Hunter has a stock of 1,000,000,000,000,000, while the market capitalization of the new token is $16.65 million, according to CoinMarketCap data.
According to company data, Shiba Hunter is an animated game that has been developed to provide a fun and simple experience for players who seek to earn income while enjoying video games.
Shiba Inoue
The Shiba Inu is now rising by more than 14%, reaching levels of $0.00003404, while it is declining around 12% during the past seven trading days.
The Shiba Inu is ranked 14th among the cryptocurrencies in terms of market capitalization after Polygon Matic Rises which grabbed the 13th place.
The market value of the Shiba Inu is about 15.7 billion dollars, while it has fallen since the beginning of this January by 17%, while it has decreased by 45% within thirty days.
deliberation is a virtue
It is noteworthy that in recent days, with the spread of the phenomenon of meme coins and dog coins, such as the Shiba Inu and Doge Coin, which have found support from business and financial magnates such as Elon Musk.
Some submerged currencies began to reappear, while others took off amid the media revolution, taking advantage of the so-called global trends.
However, some of these coins contain blatant fraud and a major hoax that may destroy the fortunes of those who are looking for a foothold in the dreamland where they catch up with a coin from its inception that may be the new.
The article does not express a recommendation or nomination, but rather a mere monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, knowing that it is not completely subject to financial authorities and markets.
Explanation of the risks: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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