As a researcher with experience in the crypto market, I’m excited to see the growing momentum around Shiba Inu’s ecosystem token, DAMN. This meme coin, also known as the “SOL-killer,” has generated significant buzz since its introduction into the digital assets realm this year. The recent announcement that JuCoin, a well-established crypto trading platform, will list the DAMN token has the potential to significantly impact the price dynamics of this meme coin and attract global attention.
The token DAMN, or Shibaswap’s native asset in the Shiba Inu ecosystem, has witnessed significant popularity and recognition within the crypto market since its introduction this year. Launched on Shibarium, the Shiba Inu project’s Layer 2 network, DAMN (also known as the “SOL-killer”) has rapidly gained attention among the Shiba Inu community due to its intriguing potential and buzzworthy status.
The old cryptocurrency trading platform JuCoin making news by planning to add support for the meme coin soon could significantly impact its price movement, attracting worldwide focus on crypto markets. In the near future, JuCoin intends to include the potential SOL-replacing DAMN token in their listings.
JuCoin To List DAMN Token Ahead
On June 4, as mentioned in a post from Shiba Inu’s marketing head Lucie on X, it was announced that DAMN will soon become available for trading on JuCoin’s cryptocurrency exchange.
In a recent announcement from the exchange, it was disclosed that starting June 8 at 20:00 UTC, traders can look forward to the availability of the DAMN/USDT trading pair on JuCoin. Additionally, deposits for this pair will begin on June 6 at the same time. This exciting news from the exchange has sparked positive anticipation among Shiba Inu crypto enthusiasts.
In simpler terms, the general feeling among investors is optimistic when examining the history of a cryptocurrency’s market entry. Nevertheless, it’s essential to remember that the crypto market can be extremely unpredictable.
DAMN & SHIB Market Dynamics
DAMN, a token that can be traded on DEXs like Woofswap, has a total supply of 69 billion tokens. Its unique feature is burning BONE, Shibarium’s gas fees, with each transaction, as also spotlighted by Lucie earlier this year.
The price of the DAMN/WBONE token on the Decentralized Exchange (DEX), WoofSwap, was $0.00003027, marking a 2.63% decrease over the past day. This downward trend may continue, possibly due to the upcoming listing announcement which could bring significant trading volumes and investments into the crypto market.
Currently, DAMN seems to have followed the general trend of SHIB, its counterpart in the Shiba Inu community. The value of SHIB experienced a decline, dropping by 5.14% to reach $0.00002374 today.
The SOL-challenging meme coin named DAMN also aims to compete with the current popularity of Solana-based meme coins in the market. If its listing results in a bullish trend, DAMN could strengthen its presence within the meme coin community.
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2024-06-04 12:51