Mega Shiba Inu had a Huge Launch and Looks Set to Continue its Epic Run
The big, badass brother of Shiba Inu is chasing the prize while other ‘dogememes’ chase their own tails.
Launched less than a week ago on 3rd November, Mega Shiba Inu — the Monarchy-themed project based on the Ethereum network — stormed out of the gate, reaching an impressive ATH of $12 Million within the first 24 hours. The seasoned team were also able to use specific development tools to blacklist sniper bots that often mar new projects, allowing them to create a strong floor price of $5 Million, with a strong liquidity of 7.5% at $370,000.
However, unlike many other comparable projects, the team weren’t content to just rest and sit on their initial success, and have undergone a monumental marketing effort, worthy of their kingly mascot himself. (This is unsurprising given that although they are currently anonymous, the team have a stellar reputation among cryptocurrency developers and veterans for creating long-lasting and successful projects that defy their meme origins).
Within just three days of launch, the project has already performed the impossible — getting listed on popular cryptocurrency ranking websites, CoinMarketCap and Coin Gecko. Given that it usually takes even the most popular tokens an average of three weeks, this only further highlights the reputation that the team have in the space. They have gone a stage further than this though, securing a number of prominently placed advertising billboards in the centre of New York City. Out-of-home marketing such as this is immensely popular and has been utilised by other wildly successful projects, such as Floki Inu. If that wasn’t enough, apparently the team have a major influencer they are keeping under wraps for now, ready to reveal as they prepare for the next stage of their project’s evolution.
However, it is the future of Mega Shiba Inu where things get really exciting. The project has a staggering number of future use-cases, which will include NFT staking, a Play-To-Earn GameFi title and major Central Exchange Listings. There are two elements beyond even this that really stand out as key. Firstly, the project will be bridging from Ethereum to the Binance Smart Chain to avoid high and often extortionate gas fees for those wanting to invest in the token. This stands in line with the final utility, which is to allow fiat payments through the Mega Shiba Inu website, which will allow those who are still unfamiliar with cryptocurrencies to easily invest using a credit or debit card, (with the conversion being done in the background). This is an extremely shrewd business move, as while cryptocurrency is expanding quickly in adoption, the ease of purchasing new projects is still the biggest barrier against entry. If Mega Shiba Inu can integrate this quickly, their potential for growth will undoubtably explode.
Then project might have all the hallmarks of a meme, but with a strong development and marketing team, as well as exceptional use-case for the future, there is no reason that this Shiba cant rub shoulders with the best of them.
N.B. This article was written by the Wordsmith. Please note that the Wordsmith is not a financial advisor and nothing written above should be taken as financial advice.