Shiba Inu (CRYPTO: SHIB) isn’t the one cryptocurrency Dogecoin (CRYPTO: DOGE) ought to be afraid of. Doge Killer (CRYPTO: LEASH) is lurking and the crypto might have lately discovered a backside close to the $609 degree.
Doge Killer, which operates on the Ethereum (CRYPTO: ETH) platform, has an especially small provide of solely 107,646 tokens, making it extremely risky. Just like the Shiba Inu crypto, the place 50% of the entire provide is owned by Ethereum founder Vitalik Buterin, there are probably a number of whales in Doge Killer who can drop the value drastically once they exit positions.
Whales probably assist to elucidate how Doge Killer skyrocketed over 6,300% increased to an ear-scratching all-time excessive of $10,148. The meteoric rise was then instantly adopted by the coin plummeting virtually 90% between Could 11 and Could 19 earlier than it bounced up from the $524 degree.
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Doge Killer is accessible on a number of exchanges together with ShibaSwap, ZT, CoinW, Hoo, Uniswap (V3), and LATOKEN. The crypto has a totally diluted market cap of 77,748,541.19 and on Tuesday the 24-hour buying and selling quantity was up 243% to $2,961,220.
Coincodex presently predicts the value of Doge Killer to rise 16.66% to the $863.70 mark by Sept. 19.