CEO Slams Shiba Inu (SHIB) and Dogecoin (DOGE) as 'Garbage'

On Feb. 8, Alex McCurry, the founder of Solidity.io, a blockchain development firm, took to Twitter to call Shiba Inu, Dogecoin and other dog-inspired cryptocurrencies "garbage.".

Timeline of Dogecoin, Shiba-inu

Shiba Inu (SHIB), the popular meme cryptocurrency, recently hit a new milestone with its burning volume, reaching an increase of 10,000% in a short period. Today's burn rate spike was one of the biggest day-to-day increases in the last 30 days.

Crypto exchange Crypto.com sends 19,400,000 Shiba Inu (SHIB) tokens to the burn address, making the total SHIB burn to rise 10,109% in the last 24 hours. The number of transactions burning SHIB tokens have declined in the last few weeks as investors hold onto their SHIB tokens amid the anticipated launch of the Shibarium Layer-2 The post SHIB Burn Jumps 10,109% As Top Crypto Exchange Sends Millions To Burn Address appeared first on CoinGape.

A popular crypto strategist who correctly called the end of Bitcoin's (BTC) bull market in 2021 believes that top meme token Shiba Inu (SHIB) may be gearing up for bullish price action in the coming weeks. Pseudonymous analyst Pentoshi tells his 673,400 Twitter followers that SHIB looks strong after taking out its resistance at $0.000013.

Shiba Inu (SHIB) is one of the most talked-about cryptocurrencies in 2023, with its price rising 7% in just 24 hours. This has made many investors curious about the future of SHIB and whether it's a good investment.

Twitter's new model rollout fuels speculation that payment integration is being accelerated.  Once payment is implemented, Dogecoin supporters are anticipating a long awaited price rally.

Check Point Research (CPR), an IT security company, has raised concerns about the Dingo (DINGO) token. The Dogecoin offshoot is sitting in #774th place on crypto ranking website CoinMarketCap with a total market capitalization of $10.9 million.

The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan.

Dogecoin [DOGE] enjoyed a double boost in the past few days and wasn't showing signs of slowing down, at press time. Elon Musk's Twitter payment ecosystem plan, with a likely integration of cryptos, led to an uptick in its social volume, which boosted its rally.

Dogecoin (CRYPTO: DOGE) is set to release a new version of its blockchain tool, Libdogecoin, according to Michi Lumin, a core engineer of the meme crypto. The updated version 0.1.2 will come with improved features, such as mnemonic/seedphrase generation, QR code production, and better support for Microsoft Visual C++ and Visual Studio, Michin said.

Dogecoin has been gaining popularity in the cryptocurrency space due to its low price and potential for massive gains. Recently, a popular crypto trader predicted that Dogecoin could move up by 50% in the near future. This has caused some investors to wonder if now is the time to buy Dogecoin or not.