Despite their immense growth potential or market situations that support price increases, certain cryptocurrencies may not be appreciated at their true value. At least, that's what Santiment suggests. The cryptocurrency analysis platform recently tweeted that altcoins like XRP, ADA, and SHIB are currently undervalued.
The social analytics platform LunarCrush has conducted a cryptocurrencies analysis in terms of social engagement, revealing that Pepecoin (PEPE) competes with well-established major cryptocurrencies. Let's take a look at the results of LunarCrush's analysis.
In recent weeks, interest in cryptocurrencies has certainly increased among users. This includes Bitcoin (BTC). Memecoins like Shiba Inu are concerned too. However, this interest doesn't seem to be shared by all users.
Shytoshi Kusama was very clear about it: “no burn, no bull run”. And his message was heard: the number of SHIB burned in April exceeded the 3 billion mark. Although this represents only half of March's achievement, the Shiba Inu community remains confident.
In the ever-evolving world of virtual reality, the Shib Metaverse is causing a stir. Hollywood is not left out of this digital revolution. Hollywood is even showing a growing interest in this new virtual dimension. That's what Marcie Jastrow, a Shiba Inu consultant, said during a National Association of Broadcasters (NAB) program.
SHIB, the meme-inspired crypto has managed to seduce Binance. The Exchange, has decided to take it out of its Innovation Zone and place it in the category of projects with high growth and sustainability potential. This gesture of confidence could well further strengthen SHIB's position in the market and encourage investors to take a closer look at this crypto.