Shiba Inu Has 20,000 New HODLers Despite Market Correction
Shiba Inu (SHIB) is one of the more beloved crypto tokens in the market today and has become a staple in the meme coin space. In 2021 many users obtained financial freedom from investing in the coin, with one mystery user turning £5800 into over £4 billion in one of the most talked about success stories in recent crypto times as the price of Shiba exploded.
This is exactly what Shiba Inu is about. It is a token through collective engagement that offers users a chance at financial freedom together through HODLing for one another. Moreover, the sense of being a part of a community where others have your back should not be overlooked as Shiba was created to be accessible to everyone regardless of your financial position, by having a supply of over 500 trillion coins in circulation.
As such, despite the wider market seeing a retraction Shiba Inu actually saw growth with over 20,000 new users coming in the last month. While this is still yet to be reflected in the price action, Shiba has a strong community and communities stick together in times of hardship. Don't expect to see the Shiba community go anywhere any time soon as users continue to load up on the token.
As blockchain based innovation continues to be prevalent across multiple industries, one of the more recent industries to benefit is the sporting sector. For decades there have been trading cards, stickers, and collectibles for your favourite teams and now it is coming to the blockchain through fan tokens.
Chiliz (CHZ) is the digital currency to connect you with your favourite team and is rapidly growing its ecosystem through partnerships with leading football clubs, most notably Manchester City, Barcelona, and PSG. The token which is used for purchases via its native platform Socios enables users to interact with their club virtually and acquire rewards through challenges and token hunts. There is even the opportunity to collect rewards such as tickets and merchandise as you become one of the top fans of your team.
These challenges vary from predicting the correct score in games or collecting them via virtual adventures on their app. The Italian national team is one of the latest tokens to be added and there are rumours of further national team additions as the Women's European Championships are currently in play and the Men's World Cup later this year.
The traditional sticker books at World Cups are notoriously successful and Chiliz allows users access to the virtual version of this. With the success likely to translate over to the blockchain version it could be worthwhile checking out Chiliz as the demand for the token is only set to rise as more clubs and national teams are added as fan tokens.
Similar to Chiliz and fan tokens the world of GameFi is one of the fastest growing industries powered by blockchain technology today. However, while Play-To-Earn games are seeing a continual increase in demand, the user experience is still somewhat lapse, with players not being fully connected to the world of DeFi from their game.
This is where Xchange Monster (MXCH) is set to bridge the world of GameFi to fully connect gamers to the world of DeFi. Through the Monster Wallet gamers are able to store all of their gaming rewards and content in one consolidated place and can access the Monster Exchange to trade their rewards with other cryptocurrencies directly through Monster Pay, which is Xchange Monster's payment gateway.
Whether swapping your in-game rewards out for another in-game currency, exchanging them for Bitcoin, Ethereum, Solana, etc, or simply cashing out your earnings to fiat and your bank account, Xchange Monster has a one-stop-shop solution that can meet all of your GameFi needs.
The token, which is also set to be available as in-game currency across partnered games is currently in stage one of its presale and is gathering traction amongst the GameFi community because of the unicorn utility model that it possesses.
Xchange Monster has created a platform that addresses a genuine issue preventing the world of GameFi from benefitting from the interoperability that the world of DeFi has. If you believe in the GameFi industry you should consider looking into MXCH and using Xchange Monster as your exchange of choice to satiate your GameFi needs.
Interested in learning more about Xchange Monster? Here's another article that could be useful.
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