LEASH, a cryptocurrency that payments itself because the “Doge Killer,” has seen a surge in value, rising by over 41% in current buying and selling.
The worth of LEASH jumped from $430.03 to $643.69 in only a quick interval, leading to a market capitalization of over $69 million.
This sudden enhance in worth has attracted the eye of many SHIB followers, who’re curious to know the rationale behind this surge.
The token is a cryptocurrency token used within the Shiba Inu ecosystem, which is the second hottest meme cryptocurrency after Dogecoin.
With the SHIB and BONE tokens, LEASH powers a decentralized alternate, NFTs, and metaverse.
LEASH is now out there for buying and selling on Uniswap, OKX, Gate.io, and BKEX, amongst others. As reported by U.Right now, the token went dwell on BlueBit.io final September.
This elevated publicity to the broader cryptocurrency neighborhood has undoubtedly helped to spice up demand for the token.
LEASH was initially launched as a rebase token, however the group later deserted this concept. The availability of the token was lowered to solely 107,646 cash, which makes its value excessive.
The favored has numerous use instances, comparable to shopping for and staking on ShibaSwap, shopping for land within the Shiba Inu-themed metaverse, and being utilized in Doggy DAO, a decentralized autonomous group.
Shiba Inu has a big neighborhood and is consistently including new options, and the group is planning to launch Shibarium.