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Recently, up-and-coming crypto known as GamingShiba has taken the crypto world by storm. Over the last few days, the digital asset saw a massive increase of 82.95%. Now, its price is at $0.0000000001345. Saying that GamingShiba is a new crypto project on the market is an understatement, especially since it was only released during the first week of December 2021. Specifically, December 3, 2021.

Despite how new it is, the crypto still managed to skyrocket in terms of price and popularity. GamingShiba operates on BEP20, otherwise known as the Binance Smart Chain. Although the asset is only available on one market so far, it has already reached a trading volume of about $6 million.

Over the past couple of days, GamingShiba’s trade volume increased by 392%, and we have reason to believe that it will only continue to increase as time passes.

About GamingShiba

GamingShiba is a digital asset that aims to connect platforms and people, namely gamers, NFTs, streaming sites, the metaverse, and more. The target audience for this crypto asset includes gamers and streamers. The coin’s founders even tout the asset as the “ultimate token” for these groups worldwide.

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Photo by Yiorgos Ntrahas on Unsplash

Should You Invest in GamingShiba?

Since GamingShiba is still so new to the market, it’s difficult to tell how well it will do in the future at this time. So far, however, it had done a fantastic job staying afloat in this saturated market, especially when many assets were down. As a result, GamingShiba caught the attention of many crypto enthusiasts.

GamingShiba has seen massive gains for December compared to other crypto projects, but there’s always a chance that these gains will end abruptly. After all, it’s not unusual for a new crypto asset to skyrocket in value during its early days but then slowly die out, ultimately becoming irrelevant.

For instance, the popular meme tokens DOGE and SHIB are beginning to mellow down now, even though both experienced a buying craze in a short period. With that in mind, there’s a chance the same thing could happen to the hype surrounding GamingShiba.

At this point, it’s still too early to tell the fate of GamingShiba, and it remains to be seen whether the asset will be able to maintain its high standing in the market or if it will taper off like many other new cryptos. Like many other newer projects, GamingShiba is still a risky investment, but it also holds a lot of potential.

For interested investors, you may want to check how the coin is being used and whether gamers and streamers are adopting it.

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