The cryptocurrency Shiba Inu (SHIB) recently made headlines as it surged 59% in 24 hours to surpass Dogecoin which is also based on an image of a Shiba. The SHIB dog-inspired meme token is now the 7th-largest cryptocurrency in the world with a market cap of more than $44 million USD at the time of writing according to CoinMarketCap.
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Wow, Who Could Have Predicted 59 Percent of 2017’s ICOs Are Already Dead or Doomed
Hey, remember initial coin offerings, the almost totally unregulated form of investment vehicle in which investors trade real cash or assets in exchange for virtual “tokens” in cryptocurrency-backed startups? You know, that hot new crypto market that the Wolf of Wall Street, Jordan Belfort, warned everyone was rife with scams? Those very ICOs that the Securities and Exchange Commission told everyone to be very careful about because of the “greater opportunities for fraud and manipulation”? Continue reading Wow, Who Could Have Predicted 59 Percent of 2017’s ICOs Are Already Dead or Doomed