After experiencing a lot of rises, the cryptocurrency market has failed to extend its profits scale in the month of July.
The economic slowdown has been faced by the market, which tends to directly increase the geopolitical tensions between countries like the United States and China. As a result, the volume of the trade was lower than in the month of June.
On the respective Tuesday, all the leading crypto tokens had a low market value. Worldwide the market trading cap of the cryptocurrency is as low as $1.05 trillion, which is expected to be down more than 3% in the last 24 hours. However, total trade volume increased by nearly 8%, which amounts to $76.49 billion.
Apart from this, the value of the Saudi Shiba Inu increased by more than 450%. However, the current market state of the cryptocurrency market tells a different narrative to potential investors.
What is Saudi Shiba Inu?
Saudi Shiba Inu, which is known as SAUDISHIB, is a Decentralized Finance (DeFi) token available on the Binance Smart Chain (BSC). This decentralized Meme Token has its own NFT Platform and NFT Collections.
Saudi Shiba Inu is an automatic stacking option; the holders of the Saudi Shiba Inu profit from the reflections on each transaction.
Being a part of Automatic Staking, SAUDISHIB distributes 2% to all of the holders. One of the most staking advantages of Auto staking is that it has the shortest technical learning curve, and it is least bothered by any staking approach.
Is the Saudi Shiba a Good Investment?
Apart from listing the decentralized exchange for listing meme currency, Saudi Shiba Inu claims to establish NFT collections as well.
Saudi Shiba Inu levies taxes on purchases and sales to cover the auto-reflections and support the liquidity pool.
There are hundreds of meme coins available over the market, each attempting to facilitate something different. But uniqueness is confined to the name and little else. Among these, Saudi Shiba Inu seems to be one of them.
As per the estimation made by knowledgeable experts, SAUDISHIB is yet another vaporware meme currency.
Better Alternative of Saudi Shiba Inu – Tamadoge
There may be no usage of Saudi Shiba Inu, for one, but with Tamadoge, it’s something different.
Tamadoge is a combination of Tamagotchi, which is basically a famous video game from the 1990s and doge fever. Tamadoge is a play-to-earn mechanism in which you increase your very own NFT Tamadoge Pet.
If you want pets, you can have quite a few Tamadoge pets; you can also dress them up as per your desires, feed them the way you want, and watch them get more robust and more potent over time.
Users are rewarded for spending time with and caring for their pets from the stage of infancy to adulthood. Adult pets will be capable of fighting for the title of the top dog on the leaderboard. These pets will also have their own 3D avatar for interacting with metaverse project realms. There is also an app that includes an augmented reality viewer, so you are never more than a swipe away from getting your very own pet.
Unlike other play-to-earn gaming, which may contain dull affairs based on repetitive chores with minimal skill. These Tamadoge pets are promising fun and need battling abilities.