Shiba Inu remains a popular memecoin, frequently compared to others.
The Shiba Inu team warned users about a fake TREAT token link on Crypto.com.
Upcoming Shiba Inu ecosystem expansion includes a TREAT token and layer-3 blockchain.
Shiba Inu (SHIB) continues to garner attention in the cryptocurrency market, particularly on CompareMarketCap, where it ranks among the most compared tokens.
A recent post by CompareMarketCap on X (formerly Twitter) reveals that Shiba Inu’s prominence extends beyond its market performance, as it is frequently compared with other memecoins such as Mog Coin (MOG), Billy (BILLY), and Bobo Coin (BOBO).
now we are talking. things started to get interesting, here are the most compared pairs on https://t.co/kiMeAukuPP$WIF vs $DOGE$MOG vs $SHIB$BILLY vs $SHIB$BOBO vs $SHIB$APU vs $PEPE$GIGA vs $DOGE$MICHI vs $WIF pic.twitter.com/69RW6fB91z
— CompareMarketCap (@comparemcap) July 20, 2024
These memecoins are often measured against Shiba Inu, with comparisons aiming to assess how their prices might change if their market capitalizations matched that of SHIB.
As of the latest update, Shiba Inu boasts a market capitalization of approximately $10.45 billion, making it the second-largest memecoin and the 13th-largest cryptocurrency overall.
In contrast, MOG, BILLY, and BOBO have significantly smaller market caps, at $793.66 million, $180.81 million, and $90.39 million respectively. If these tokens were to reach Shiba Inu’s market cap, their prices would experience substantial increases.
Specifically, MOG’s price could rise by 13.14 times to $0.000028, while BILLY and BOBO could see their prices surge by 52.12 times and 111.86 times, reaching $10.62 and $0.00015, respectively.
Meanwhile, the Shiba Inu team, led by Shytoshi Kusama, has issued a warning to the SHIB community regarding a publication by Crypto.Com. The trading platform’s guide on the Shiba Inu ecosystem contained an incorrect link to a fraudulent TREAT token site. The Shiba Inu team has advised users to verify links carefully and has contacted Crypto.Com to address the issue. Kusama emphasized the importance of vigilance against potential scams and parodies in the cryptocurrency space.
🚨 SHIBARMY WARNING 🚨 @cryptocom We have identified an incorrect link to a Treat site in an article on https://t.co/pYgBAfXuKW that is not associated with our official Shiba Inu ecosystem. We have reached out to https://t.co/mmbSxEtexy to rectify this issue and ensure that the… pic.twitter.com/NSx2DpmrM9
— Shibarmy Scam Alerts (@susbarium) July 21, 2024
The Shiba Inu ecosystem is set to expand with the upcoming launch of the TREAT token and a new layer-3 blockchain. Although specific details about the new blockchain are being kept under wraps to avoid scams, the Shiba Inu community is abuzz with excitement about these developments.
The post Shiba Inu Scam Alert: Team Warns of Fake TREAT Token Link on Crypto.com appeared first on Coin Edition.
