Crypto Pundit Labels Shiba Inu, DOGE as ‘Garbage' — Can Shibarium Prove to be Game Changer for SHIB?

Alex McCurry, the CEO of Solidity.io — a blockchain-based platform for smart contract audit and token development — has taken a potshot at Dogecoin, Shiba Inu, and other meme-inspired cryptocurrencies. 

Timeline of Dogecoin, Shiba-inu

While there has been encompassing growth in the broader digital currency ecosystem today, the price action of Polygon (MATIC) is showing the possibility that Dogecoin (DOGE) may be flipped soon. According to data from CoinMarketCap, Polygon is currently changing hands at $1.31, up by 5.78% over the past 24 hours and by 19.36% in the past week.

Elon Musk, the new face at Twitter, has hinted at different instances of integrating crypto payments. Given the anticipation and past relationships, Dogecoin (DOGE) sees more holders jumping on the DOGE bandwagon.

A Dogecoin (DOGE) wallet is suddenly re-awakening after more than nine years of hibernation to realize a massive increase in the value of its holdings. According to data from crypto whale tracker Whale Alert, the dormant address, which was holding 2,043,137 DOGE, unloaded the tokens over the weekend to pocket exponential gains.

Yilong Ma, the internet's new celebrity, is making waves on social media and TikTok for his uncanny resemblance to Dogecoin (CRYPTO: DOGE) proponent and billionaire entrepreneur Elon Musk.  What Happened: In a viral TikTok video, Ma, a Chinese doppelganger of Musk, can be seen in a fit of car rage while rejecting cash, but his anger instantly dissipates when the offer of DOGE is put forward.

Shiba Inu was trading at its lowest when compared to Dogecoin in November 2022, but now,  the situation has changed during the last three months. Shiba Inu is making a concerted effort to beat Dogecoin as the most-loved meme-coin.

The price of Shiba Inu (SHIB) surged by 22% in the last seven days, outperforming the majority of the crypto market. And the positive news doesn't stop before Shibarium is rumored to be scheduled to hit the market next week, February 14, Valentine's Day.

David Gokhshtein, crypto enthusiast and founder of Gokhshtein Media, which covers crypto news and events, has taken to his Twitter handle to share that he is seriously considering buying meme coins again.

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."

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.