Shiba Inu Earns Recognition For Charitable Contributions – Impact On Price
October 09 2024 - 3:00AM
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Shiba Inu (SHIB) was announced by a prominent crypto personality as
the most donated meme coin as these type of coins continue to grow
in importance for charitable causes. This kind of recognition shows
how these digital assets can benefit communities and gain business
traction. Related Reading: BlackRock Declares Bitcoin The New ‘Gold
Alternative’ – Here’s Why Shiba Inu: On Praise & Performance
Meme coin projects have earned praise from Ethereum co-founder
Vitalik Buterin for donating a percentage of their token supply to
charity. He thanked the projects and efforts dedicated to this
cause in a post on X. Some “meme coins” were used as examples,
including “ebull,” among well-known cryptocurrencies contributing
to various charities. I appreciate all the memecoins that donate
portions of their supply directly to charity. (eg. I saw ebull sent
a bunch to various groups last month) Anything that gets sent to me
gets donated to charity too (thanks moodeng! The 10B from today is
going to anti-airborne-disease… — vitalik.eth (@VitalikButerin)
October 7, 2024 SHIB market cap currently at $10.1 billion. Chart:
TradingView Support & Dedication Based on comments made by
Buterin, Shiba Inu community members have claimed that among meme
coins, SHIB leads in charity gifts. According to crypto expert Del
Crxpto, no other meme coin can even emulate Shiba Inu’s level of
philanthropy. For example, several donations, including to the
recent Seungil Hope Foundation in Seoul, Korea which supports the
country’s first specialized ALS hospital, reflect this growing
dedication to giving. $SHIB is #1 in this regard… No one else comes
close. https://t.co/PgnMvn8PYx — Del Crxpto (@DelCrxpto) October 7,
2024 Analyst Sees SHIB Uptrend In related news, with good breakout
and backtest signs in the very vibrant meme coin space, technical
analyst Charting Guy has predicted a possible price spike for Shiba
Inu. The market of meme coin prospers today; some of them are
reaching all-time highs, while others display solid price rise.
$SHIB breakout✅ backtest✅ full send loading.. 📶
https://t.co/6EaZJlT0sD pic.twitter.com/9yZVVyeIM4 — Charting Guy
(@ChartingGuy) October 7, 2024 Related Reading: Analyst Foresees
90% Cardano Price Drop in Next 6 Months Meme Coin In Negative
Region Shiba Inu was up 3.34% at the time of writing, trading at
$0.00001793, but the weekly performance remained in negative
territory cumulatively. Charting Guy thinks the dog-themed meme
coin is likely to have a major price pump even if the price action
has been disappointing lately. Shiba Inu is in the last waiting
period, he pointed out, and expected to show a significant upside.
Featured image from United Mission for Relief & Development,
chart from TradingView
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