Leash price hiked 41%: SHIB fans can’t get enough
LEASH is part of the Shiba Inu ecosystem, a popular meme cryptocurrency that was launched in 2020. There are three tokens in the ecosystem – SHIB, BONE and LEASH – which are used for different purposes.
LEASH, a cryptocurrency that bills itself as the “dog killer,” has seen its price increase by more than 41% in recent trading.
The price of LEASH jumped from $430.03 to $643.69 in no time, resulting in a market capitalization of over $69 million.
Image via Coinmarketcap.com
this sudden increase in price has attracted attention of many SHIB fans, who are curious to know the reason behind this surge.
Token is a cryptocurrency token used in the Shiba Inu ecosystem, which is the second most popular meme cryptocurrency after Dogecoin.
Along with the SHIB and BONE tokens, LEASH powers the decentralized exchange, NFTs, and the Metaverse.
LEASH is now available for trading on Uniswap, OKX, Gate.io and BKEX, among others. As U.Today reports, the token went live on BlueBit.io in September last year.
This increased exposure to the wider cryptocurrency community has undoubtedly helped fuel demand for the token.
LEASH was originally pitched as a rebase token, but the team later abandoned the idea. The token’s supply was reduced to only 107,646 coins, making it overpriced.
Popular has various use cases, such as buying and staking on Shibaswap, buying land in the Shiba Inu-themed metaverse, and being used in Doggy DAO, a decentralized autonomous organization.
Shiba Inu has a large community and is constantly adding new features, and the team plans to launch Shiberium.