Wednesday, 28 February 2024

Crypto News

Record-breaking meme coin in presale poses challenge to Shiba Inu and Pepe

Record-breaking meme coin in presale poses challenge to Shiba Inu and Pepe

  • Shiba Inu’s Shibarium is set to experience faster and cheaper transactions with the latest hard fork.
  • Binance loans promotion for PEPE is underway.
  • The new Rebel Satoshi meme coin has raised over $500,000 in its ongoing presale.

Meme tokens are perhaps the greatest financial experiment of meme culture. In the latest developments, Shiba Inu (SHIB) has initiated an upgrade to its burgeoning Shibarium network. Meanwhile, Pepe (PEPE) users can earn free PEPE tokens in a current promotion from the Binance exchange.

Interestingly, another coin is emerging that may be the best cryptocurrency currently in the meme token market. Read on to learn about the news for Shiba Inu and Pepe, or head to the last section to know about this opportunity.

Shiba Inu’s Shibarium undergoes a hard fork

Shibarium has been one of the strongest points for Shiba Inu in the past few months, producing impressive on-chain metrics. It has processed over 81 million transactions since launching in August 2023.

Like any blockchain, developers can improve the transaction speed, usually achieved with ‘hard forks.’ The Shibarium has undergone such an upgrade dubbed ‘Sepolia,’ bringing a more strategic token-burning mechanism while speeding up transactions and reducing costs.

‘Burning’ remains a frequently used strategy to make SHIB a more valuable crypto to buy. Plans from developers suggest that the process will transition from a manual to an automated system for better efficiency and transparency.

SHIB’s performance isn’t too shabby on the charts. It’s currently worth $0.00000973, close to its monthly high of $0.00001070. Moreover, forecasts imply SHIB will hover in the $0.000010-0.000020 region during 2024.

Current Binance loans promotion allowing users to earn free PEPE 

With Binance as the largest exchange for top crypto coins, Pepe has partnered with the company. It began with developers transferring $500,000 worth of PEPE tokens to the Binance Earn program. 

The purpose is for future PEPE reward campaigns on Binance. The first of these began on December 4, 2023. A current promotion on Binance Loans is underway, which will end on December 31, 2023. The first 800 users who borrow a minimum of 30 USDT with PEPE as collateral will receive about $15 in PEPE (considering the current PEPE price).

On the topic of value, PEPE is presently valued at…

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