AIShiba (SHIBAI), a memecoin believed to be a Shiba Inu clone and residing on the Arbitrum network, has seen impressive bullish volatility at press time.
Despite the current downturn in the industry, Aizhi was up 111% to a high of $0.0000000017 before retracing to $0.0000000013 at press time.
Source: TradingView
Aichi is an influential relatively new memecoin that is currently being fueled by the positive sentiment surrounding memecoins.
In addition, the development of the Arbitrum layer 2 blockchain network has been fueled by a huge amount of enthusiasm, which is currently one of the most resilient networks on the Ethereum protocol.
Aizhi was born with an impressive mission to bring together all Doge and AI enthusiasts with the sole purpose of creating a mass usable product. By harnessing the power of Web 3.0 and Artificial Intelligence (AI), memecoin highlights its plans to design high-quality products.
The core developers behind the AiShiba token pointed out that the ultimate success of the project depends on the quality of innovation and the growth in the adoption rate of ARB, the native token of the Arbitrum ecosystem.
Changing Memecoin Ideology
It’s worth mentioning that the digital currency ecosystem is developing at a breakneck pace, with a massive influx of memecoins since the beginning of the year.
Starting with Solana-based BONK, followed by the meteoric rise of PEPE, many memecoins continue to enter the ecosystem. Since diversity is not necessarily the basis for assessing the ideal goals of these projects, investor sentiment may fade over time.
This is because many coins are often unable to sustain their parabolic growth as the hype should die down in no time.
So far, only Dogecoin and Shiba Inu have truly stood the test of time, representing the standard that other memecoins aim to emulate.
- How many people have become PEPE millionaires?
- The price of PEPE has skyrocketed, entering the top 100 and becoming the third largest emoticon package
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According to USA Today
