The Alien Shiba Inu is extremely new in the form of crypto tokens. There is no scam in this, it cannot be said at the moment. Not much information is available about this coin. It is also worth noting that the momentum seen by this crypto token has come to a standstill in the last 48 hours.
According to CoinGecko, the value of the Alien Shiba Inu was seen to increase by 500 percent in a single day on January 9. Before that this currency was trading at record low levels and suddenly its value increased. Although its profits have declined gradually since then, the currency has seen a rise of over 1,300 per cent in the last seven days.
The Alien Shiba Inu website claims that its developers are working on ‘three flagship utility projects’. This is a collection of Non Fungible Token (NFT) characters for a play-to-year game. This coin was issued in November last year. It is not yet traded on many exchanges. With a market capitalization of $574,803 (approximately Rs 4.2 crore), this coin is ranked 3,673 on CoinMarketCap.
Similarly, last time we saw a new cryptocurrency skyrocketing, but investors got a big shock from that currency. The SQUID cryptocurrency, inspired by the Netflix series ‘Squid Game’, sparked fears of a scam after a 99.99 percent drop in early November 2021. The SQUID cryptocurrency had also registered a rise of 600 per cent in a single day, after which unknown creators disappeared with $3.3 million (approximately Rs 22 crore).
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