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Crypto Today: Can Xchange Monster (MXCH) And ApeCoin (APE) Rise By 1000000% Like Shiba Inu (SHIB)?

Published 2 years ago on July 07, 2022

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Crypto Today: Can Xchange Monster (MXCH) And ApeCoin (APE) Rise By 1000000% Like Shiba Inu (SHIB)?

The cryptocurrency market has grown significantly in recent years but it is the gaming section of the cryptosphere that has been attracting everyone.

Gaming has been a source of entertainment for plenty of people but it has also become a source of income and crypto enthusiasts are not missing out on this opportunity.

Once you are in the cryptosphere, there are plenty of investment options and profitable assets you can acquire such as NFTs, meme tokens, and more.

Is Shiba Inu (SHIB) The Most ProfitableMeme Token?

Since launching in 2020, Shiba Inu has been one of the most successful meme tokens in the market considering that it was initially created as 'an experiment in decentralised spontaneous community building'.

The SHIB Token is known across social media and crypto forums as the 'Dogecoin Killer'.

This is not only due to the popularity the token gained by being supported by Elon Musk but also because it is part of the Shiba-Inu-themed token family.

The Shiba Inu ecosystem features a variety of assets you can acquire. The main asset of the network is the SHIB Token which is highly profitable and managed a growth rate of 49,000,000% in 2021, outperforming the 3100% growth of Dogecoin.

It further allows token holders to buy, sell and trade tokens on the platform. The Shiba Inu ecosystem is decentralised and has more than 58,500 community members.

ApeCoin (APE) Is Surviving The Bear Market

Launched in 2022, ApeCoin has been making headlines due to its popularity.  Investors expected the token to succeed in the market because it is another project developed by the Bored Ape Yacht Club.

Although we have entered a crypto winter, market analysts expect that the APE token should continue to rise in value because it benefits from the popularity of the third most valuable NFT project on the market - Apecoin NFTs.

But the platform's main asset is the APE token. The coin managed to rise by more than 1,000% in hours when it first entered the market.

Although the token suffered with the market crash and witnessed a

65% fall, it is showing signs of recovery during the current bear market. Last week, ApeCoin managed to rise about 35%.

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