BabyShiba Coin Rockets in Tribute to Shiba Inu: Outperforms Competitors Post Launch.
SAITAMA, JAPAN, Aug. 19, 2023 (GLOBE NEWSWIRE) — Babyshiba, an ERC-20 memecoin, was launched on the 16th of August, seeing an incredible price growth of 13,000% in just 24 hours as a tribute to the well-known Shiba Inu coin. Its goal is to outdo the famous Babydoge, and it gained immediate traction.
A little bit of background for context: The Shiba Inu coin was released two years ago as a memecoin centered around decentralization, by an anonymous founder called Ryoshi. Recently, it evolved beyond a simple meme and launched its own Layer-2 blockchain, Shibarium. Interestingly, the Shibarium blockchain went live the same day as the Babyshiba launch, sparking speculation about the individuals behind this new project. Additionally, BabyShiba was also launched in August, coinciding with the same month as the Shiba Inu launch.
With the crypto world's attention on Shiba Inu due to the Shibarium blockchain, Babyshiba emerged at the perfect time. This impeccable timing suggests the launch was a well-calculated plan by its creators. Babyshiba not only pays tribute to Ryoshi's vision embodied in Shiba Inu but also aims to surpass Babydoge, a derivative of the renowned Doge Coin.
The project quickly gained substantial momentum and attracted a community aptly named the BabyShibArmy. Some are suggesting a repeat of the Babydoge magic, as the project's Telegram group experiences ongoing growth and the community remains highly active on Twitter (X). As the community plays a vital role in any memecoin and was initially the driving force behind Shiba Inu, BabyShiba likely has a promising future.
On the technical side, BabyShiba is tradable on Uniswap, an Ethereum DEX, and imposes a 1% tax allocated for marketing. Daily updates on marketing initiatives are visible in their Telegram group, with full transparency maintained on expenditure. Already, over 20 significant crypto influencers have talked about their project, and this figure is steadily rising. The project's website is meticulously designed, and they have published a whitepaper elaborating on their vision.
Given its potential to become the top memecoin of summer 2023 and perhaps one of the most successful ever (alongside its rival Babydoge), the BabyShiba project deserves close attention. We encourage you to monitor its progress over the coming weeks and judge its potential for yourself.
X (Twitter): https://twitter.com/babyshiberc
Billionaire Elon Musk commented Friday that he intends to remove social media platform X's "block" function in the future, saying it does not "make sense."
Many users rely on the blocking function to shield themselves from harassment and spam on Twitter. Musk says “it makes no sense.”
X owner Elon Musk says the service formerly known as Twitter is getting rid of the option to block other users, except for when it comes to DMs. Musk suggested it "makes no sense" to block other users instead of muting them, even though the block button has long been a key safety feature for many folks.
(Bloomberg) — X, the social media platform formerly known as Twitter, will remove the ability for users to block other accounts, owner Elon Musk said in a post Friday.Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionMercedes-Benz Unveils the New Generation of Its Brawny AMG GT Sports CarRussia’s Luna-25 Lander Fails to Enter Pre-Landing Orbit of MoonVietnam Tycoon Loses $18 Billion After EV M
Nvidia earnings and Fed chief Jerome Powell's speech loom with the market in correction. Here's what to do now.
In the past two years, those receiving Social Security have seen large cost-of-living adjustments that can help. Many wonder what's next in 2024?
China has long had an outsized impact on global growth – but with its economy sputtering, its problems could become everyone else's problems.
Shares of EV leader Tesla have taken a beating for the past couple of weeks, for reasons related both to the company and to what is happening in financial markets. Tesla (ticker: TSLA) stock dropped 1.7% to $215.49, while the was flat and the was down 0.2%. The loss marked the sixth consecutive drop for Tesla stock and the 13th in the past 14 trading sessions.
It must have sounded like a good idea at the time, but Anheuser-Busch’s (NYSE:BUD) decision to run a promotional campaign for its Bud Light beer with the help of transgender ‘influencer’ Dylan Mulvaney backfired spectacularly. Conservative America did not like that idea at all, and decided to boycott the drink, thereby no longer making it the US’s best-selling beer. As sales plummeted in the wake of the controversy, BUD shares went into a tailspin, falling by 20% in May with the company also lay
If I give $50,000 in cash to a charity, does that lower my taxable adjusted gross income (AGI) by $50,000? So if my adjusted gross income was $100,000, and I gave $50,000 to charity, is my taxable income now $50,000? … Continue reading → The post Ask an Advisor: Help Me Understand the Math. How Does Donating to Charity Reduce My Taxes? appeared first on SmartAsset Blog.
While the summer months are proving to be less lucrative for stock market participants, the overall trend this year has been up. The reason for the rally has been primarily down to AI hype, with various cultural commentators predicting this tech’s impact could be as big as that of the Industrial Revolution. But not all are quite as hyperbolic. There are grumblings on Wall Street that we are now entering an AI-driven bubble, with some prominent market watchers claiming the rally might not be sust
For decades, the U.S. dollar has held the esteemed position as the world's primary reserve currency. But according to Lynette Zang, chief market analyst for ITM Trading, this longstanding dominance is on shaky ground. "The days of the dollar being the world reserve currency are fast coming to a close," she said in a recent interview with Stansberry Research. Zang explained that the shift began back in 2002 when the Federal Reserve "first had to buy" U.S. debt. This act suggested that the world w
A wave of China debt crisis defaults could slow the global economy but that might not be so bad for the U.S. economy and S&P 500.
Why it may come down to consumers to help solve the problem.
(Bloomberg) — VinFast Auto Ltd.’s wild debut as a publicly traded company brought its founder along for the ride.Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionMercedes-Benz Unveils the New Generation of Its Brawny AMG GT Sports CarRussia’s Luna-25 Lander Fails to Enter Pre-Landing Orbit of MoonVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkThe Vietnamese electric-vehicle make
(Bloomberg) — At any other time in history, the current state of the global diesel market would have sent some countries into a panic. Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionMercedes-Benz Unveils the New Generation of Its Brawny AMG GT Sports CarRussia’s Luna-25 Lander Fails to Enter Pre-Landing Orbit of MoonVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkAll over the w
Intel Corp.'s latest layoffs in Santa Clara will be more than 60% bigger than it previously projected. The semiconductor giant now expects to cut 175 employees based in and around its headquarters campus, Marc Nadler, the director of its corporate people movement team, said in a letter to state and local officials July 28. Previously, Intel had projected it would let go 108 Santa Clara employees.
“About a third of homebuilders in Florida are saying that buyers’ concerns about insurance availability and costs are somewhat slowing sales.”
(Bloomberg) — It’s late August, which means we’re headed to Jackson Hole for the Kansas City Fed’s annual symposium, attended by top central bankers from around the world. And as usual, everyone is wondering in particular just what Fed Chair Jerome Powell — who’s expected to speak Friday morning — might have to say.Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionMercedes-Benz Unveils the New
Broadcom and Marvell Technology will win big time from custom chip design, according to analyst Harlan Sur.