SHIBA INU a new hype in the cryptocurrency market

The SHIB token, which belongs to the decentralized exchange SHIBASWAP, has been showing record trading volumes for the third day in a row, and the largest cryptocurrency exchanges are massively listing an unknown coin with a dubious reputation. What is the phenomenon of the Shiba INU token?

- the cryptocurrency market is now overheated, so almost every project in the crypto environment can get the proper attention of investors with the right marketing;
- most cryptocurrency users are speculators who buy tokens at the stage of listing the project in the hope of selling them with a large margin;
- memes have become a trend, and coins with cute dogs and cats are breaking all records of popularity.

But at the same time, the developers themselves do not particularly care about the quality of the product, its goals, and objectives, and this is one of the signs of a scam project. Be careful and cautious when investing in scam projects, as there is a real risk of losing all your investments.