The cryptocurrency industry continues to shatter all kinds of records, however it must be said that as popular as this sector has become, a considerable portion of its success can be attributed to certain ‘meme’ cryptocurrencies and tokens. Some of the more famous meme tokens involve Tesla and SpaceX CEO Elon Musk’s favorite, Dogecoin (DOGE), as well as the similarly canine-themed Shiba Inu (SHIB). What’s more is that ever since the former became immensely popular, there have been all kinds of different variations such as Baby Doge Coin (BABYDOGE), The Dog NFT (DOG), DogeGF (DOGEGF), Shiba Floki (FLOKI), and many more.
It is therefore clear to see that the hype surrounding these dog-themed tokens is not going anywhere for the time-being, and that is why a similar token known as Shar Pei (SHARPEI) looks to take advantage of the current canine craze.
Understanding Shar Pei
Before making any kind of investment, it is important to understand what the project actually is and what it entails. Shar Pei is a dog breed with wrinkled skin, and this initiative seeks to piggyback on the fervour around canine-oriented tokens as well as cryptocurrencies. When it comes to understanding Shar Pei, it is important to note that this project’s team does not have any plans of profiting from these types of tokens, but rather to focus its attention toward aligning itself with the overall concept and its practical implementation.
As a result, 100,000,000,000 is the overall supply to begin with, and 50% of this amount has been reserved for the foreseeable future as well. Having said that, 50,000,000,000 being completely locked in for a period of five years appears to be a fair proposition from which investors may considerably gain substantial profits. The SHARPEI coins were released fairly recently too, and the project is also presently trending on top sites such as CoinCheckup and Coincodex.
Moreover, cryptocurrencies and tokens would usually involve liquidity, and so 50,000,000,000 are therefore allocated for the next 12 months in addition to all the tokens still being in circulation. The most important part of Shar Pei, however, is that its holders can store up to millions, billions, or even trillions of dollars via their respective wallets in a seamless, time-effective and efficient fashion. Shar Pei also has a market valuation of $8,000,000 as well as 5,000 holders which it managed to gain in a relatively short amount of time. Lastly, since its inception, a spectacular 20,000% gain had also been recorded.
Is SHARPEI worth it?
The simple fact is that nobody knows just how long the current craze surrounding meme tokens is going to last, as it could go for another few years or the next couple of months. The point is, many investors and traders enter the cryptocurrency industry and market primarily to make money, and if the record-breaking increases and gains experienced by other cryptocurrencies like DOGE are any indication, then SHARPEI could be a profitable token to have in one’s portfolio indeed.
Ultimately, investors are encouraged to do their own research but perhaps the most significant aspect of discussion here is that Shar Pei is based on honesty and fair treatment for all, which suggests that there will be no private sale or seed sale. Furthermore, SHARPEI includes a free launch and it is implied that no team nor dev tokens are necessary for the purchase of Shar Pei either. Additional information can be accessed via Shar Pei’s Telegram, Twitter, and website.
