Last Updated on February 18, 2023 by Bitfinsider
The price of LEASH, a cryptocurrency dubbed the “Doge Killer,” has increased significantly in recent trade, jumping by almost 41%. In a little amount of time, the price of LEASH increased from $430.03 to $643.69, creating a market capitalization of more than $69 million.
Many SHIB fans have taken notice of this rapid rise in value and are interested to learn what has caused it.
The token is a digital asset that is employed in the Shiba Inu ecosystem, the second-most well-known meme cryptocurrency after Dogecoin. LEASH powers a decentralized exchange, NFTs, and metaverse with the SHIB and BONE coins.
Uniswap, OKX, Gate.io, and BKEX, among other exchanges, are currently accepting trades for LEASH. According to a source, the coin launched on BlueBit.io in September of last year. Undoubtedly, this expanded exposure to the cryptocurrency world has enhanced the token’s demand.
Although the developers first intended for LEASH to be a rebase token, they eventually changed their minds.
The token’s price is high since there are only 107,646 coins left in circulation. Buying and staking on ShibaSwap, purchasing property in the metaverse themed after Shibas, and using the popular in the decentralized autonomous organization Doggy DAO are just a few examples of the popular’s many uses.
The team plans to launch Shibarium, and Shiba Inu has a sizable user base and is continually adding new features.
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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.