GamingShiba Picks Up Steam as One of Today’s Top Trending Crypto Coins
Even though GamingShiba (GAMINGSHIBA) rests low in the ranks of cryptocurrency (#3098), it is a rising star today for the industry with a massive 1,320.35% trade volume increase. The crypto is experiencing a 19.64% price increase today, continuing its hot streak that we have been covering for the past few weeks.
This crypto’s continued strong performance recently has helped it to buck the trend of being just another novelty token that flames out quickly.
How Has GamingShiba Performed Recently?
We are not seeing the kind of crazy price spikes with GamingShiba currently that we saw almost a week ago. That’s when this token reached an all-time high and then quickly fell back down. Instead, the GamingShiba token has impressed by steadily increasing week over week, often seeing daily rate increases close to the 20% mark.
That is some very healthy growth for this token, though we don’t expect it to maintain that velocity indefinitely. As GamingShiba gains more mainstream recognition, we could see those who are buying it up now sell off their tokens in anticipation of a price drop.
The current price is $0.000000000127 (GAMINGSHIBA/USD), which is actually a bit worse than where it was a week ago. After the price spikes on January 6th, GamingShiba went into a slight decline, but it has since recovered, beginning from yesterday.
GamingShiba’s Future
We expect this crypto to continue to perform well for the near future, though it has only been around since the end of November. It has yet to prove itself as a long-term investment, but all the excitement of its short-term movements means it can be an excellent short-term option for investors who can keep a close eye on it.
This token has a long way to go to start truly breaking into the mainstream, similarly to what Dogecoin (DOGE) did. What makes this particular crypto interesting at the moment is how consistent it has been, even with high trade volume. When the price falls, it does not stay bearish for long, quickly reversing its fortunes as interested investors grab up the tokens for cheap. GamingShiba also continues to trend on crypto watching websites as one of the strongest performers from week to week. It should continue to maintain momentum at least for a while longer.
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