If high market cap cryptocurrencies make big headlines, some low market cap, humble cryptos make big profits for their backers that park money at the opportune time.
Here is one crypto, Shibnobi (SHINJA), which is experiencing a surge in trading volume. Shinja Coin is not as big as Bitcoin or even metaverse cryptos like Decentraland, which are making noise of late. Yet, it is garnering interests of crypto enthusiasts.
What is Shinja coin?
According to the official website of Shibnobi project, of which Shinja is the native token, the main line of business is ‘token swaps’. The project would allow crypto enthusiasts to earn ‘passive income’ on at least three blockchain networks – Ethereum (Ether), Binance Smart Chain (BSC), and Polygon (MATIC). All the three networks are multi-billion dollar cryptocurrencies.
Shibnobi claims to weed out bots from the network. By doing this, the network will have the participation of only real users, and not bots that can swing price gains in favour of a few.
Also read: How to invest in cryptocurrencies?
Where to buy Shibnobi coin?
According to the website, the project is yet to be listed on exchanges. Shibnobi may launch on Gate.io, Binance and a few other crypto exchanges. For now, it is listed only on CoinMarketCap and CoinGecko, which are not exchanges.
In 2022, Shibnobi aims to launch at least three products – a token swap platform in the first quarter, a wallet, and a blockchain.
Also read: Explained: Cryptocurrency categories – DeFi, NFT, Metaverse
Shinja coin price prediction
According to CoinMarketCap, Shinja has a price of nearly US$0.000000000001 as of now. Data on the trading volume and market cap is not available as of now, but over the past 24 hours, Shinja coin trading volume was nearly over US$18 million.
The price in near future will depend on the coin’s listing on exchange platforms. If the project could find some backers interested in its token swaps platform, Shinja coin can likely return well for investors.
As Shibnobi claims income by swapping on three blockchains, let’s find out how these fared in 2021.
Ether, BNB, and MATIC
Ether is the second largest blockchain-based digital token after Bitcoin. In 2021, Ether has gained more than BTC. This can be attributed to wide adoption of Ethereum’s network that can be used to launch new ERC-20 coins and even non-fungible tokens (NFTs).
Data provided by CoinMarketCap.com
BSC network has a native token BNB, which has a market cap of over US$88 billion as of now. BNB too has made multi-fold returns in 2021. Polygon network’s native token is MATIC, which is a low-priced cryptocurrency, trading at nearly US$2 as of now. The market cap is nearly US$14 billion.
Also read: 5 emerging blockchains that may become Ethereum killers in 2022
Bottom line
Not much data is available for Shibnobi or Shinja coin. This means making any predictions is complex and prone to speculation. The project claims to offer token swaps on multiple blockchain networks, which is likely to appeal to investors that want bots to be weeded out for fair play in the market.
Read More:What is Shinja coin? What is its price prediction?
