On the Solana blockchain, HUMP, a brand-new meme coin, saw a remarkable rise today. due to the fact that HUMP increased by 5300% in just 5 days. The meme coin became one of the things to look forward to after this startled the cryptocurrency community.Crypto investors are reminded of Shiba Inu (SHIB) by HUMP’s brilliant action. Strong adoption activities and a vibrant community make SHIB a highly sought-after meme coin. Numerous individuals are curious as to whether HUMP will become the next Shiba Inu due to the stark and similar developments between HUMP and SHIB. Who knows?
How Do Shiba Inus Grow?
According to Shiba Inu, “the power of community” powers it. By “working together in harmony,” the Shiba Inu Ecosystem hopes to create a route to freedom and creativity. There are many tokens in the vast Shiba Inu ecosystem, including SHIB, BONE, and LEASH. In addition to creating a number of tokens that benefit the community and ecosystem, Shiba Inu has created its own metaverse, dubbed “SHIB The Metaverse,” and its own collection of NFTs, known as Shiboshis. As previously stated, SHIB is a primary token inside the ecosystem and serves as a catalyst for decentralisation. Furthermore, the ERC-20 tokens’ value may rise due to SHIB’s burn function, which is triggered by Metaverse transactions, games, and applications. The meme token known as Shiba Inu (SHIB) is sweeping the cryptocurrency world. Its community and other cryptocurrency users refer to it as the “DOGECOIN KILLER.” It was introduced as an ERC-20 token on the Ethereum network.
The Shiba Inu ecosystem has expanded over time with the creation of coins, NFT collections, and even a metaverse. The burn feature of SHIB is another characteristic that draws traders and memecoin enthusiasts in.Shiba Inu’s market capitalization is currently $15.87 billion, with a live price of $0.000027 per share (SHIB/UUSD). The amount traded in a day is $688.67 million. Shiba Inu has a circulating supply of 589,289.41B and has increased by +1.67% during the past 24 hours.
HUMP: The Next Shiba Inu?
Due to the meme coin’s lower transaction costs and greater adoption potential, HUMP, which is available on the Solana network, is able to draw interest from a wide range of stakeholders. This is HUMP’s primary draw, enabling it to grow into a community of its own that aspires to govern this coin going forward. Hump represents the spirit of advancement in the field of decentralised finance (DeFi), drawing inspiration from the picture of a fuzzy companion. Hump, which was introduced with the goal of developing a meme coin with practical applications, has attracted a lot of interest from experts and investors. Its distinctive branding and open development plan have drawn a committed following of backers who see its long-term potential. Hump’s tokenomics are the result of a methodically thought-out plan to optimise value for its owners. Hump creates a strong ecosystem of liquidity and demand by balancing accessibility and scarcity with a total quantity of 6,900,000,000 tokens. According to expert projections, HUMP might cause the price of the meme coin to climb by up to 1000 times, which helped it surge. Beyond the forecasts, there’s the reality that the coin’s price shot up by 5,300% in the five days that began last week. This is consistent with the forecasts of other analysts who think this meme coin has the potential to exceed a number of other coins in terms of profitability. Aside from that, HUMP has a great chance to expand and compete with other significant meme currencies because it does not yet have a market capitalization. Many investors think that HUMP can carry on the success of Shiba Inu, which also saw a dramatic price increase and is currently ranked among the top 100 meme coins in the world because of its remarkable price movement. Today’s live Hump price is $0.011116, with $1,258,783 in trading activity over the course of a day. The market cap of this meme coin is $84.1 million. HUMP gained +2.57% during the past 24 hours.
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Source: https://thenewscrypto.com/could-this-crypto-be-the-next-shiba-inu-a-new-meme-coin-jumps-5300-in-5-days/