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The latest scoop in the crypto market shows an underwhelming Shiba Inu (SHIB) movement and Toncoin’s (TON) surge following its TON Wallet integration by Telegram. Additionally, Pomerdoge (POMD), a new entrant in the crypto space, set its sights on $1 after launch.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Shiba Inu (SHIB) is popularly known as a memecoin. It is the second-leading memecoin, only behind Dogecoin. However, after the launch of Shibarium, Shiba Inu is now more than a meme.
Its robust ecosystem consists of a proprietary decentralized exchange (DEX) known as ShibaSwap and now Shibarium, a layer-2 blockchain. However, despite its vibrant ecosystem, Shiba Inu has yet to show an enticing price movement, despite the recent launch of Shibarium.
In the past month, the price of Shiba Inu has declined by over 30% as it continues its bearish trend. While it will likely push a rally in the future, its near-term viability has come under scrutiny.
Toncoin (TON) is a decentralized layer-1 blockchain developed by Telegram in 2018. However, after the lawsuit by the US Securities and Exchange Commission (SEC) alleging that Telegram conducted an unregistered security offering, the project was abandoned and a substantial fine was paid. S
ubsequently, Toncoin was taken over by the TON Foundation and has evolved into an open-source community project.The idea was to integrate Toncoin into an easy-to-use application that allows the buying, sending, and storing of funds. Hence, the recent launch of TON Space, a self-custodial wallet, is a testament to this vision.
However, the development that has taken theRead more on cryptonews.com