If you're curious, a potential investmer learning about GamingShiba, or you're already a holder, this review is for you. Try to look at the evaluation with an open mind).
I prefer to help "new" traders understand what they're getting into, so I try to explain cryptos in a way that's not as complicated as possible, by breaking down crypto terms into simple English.
I'm not a banker or a financial expert. I will not be held responsible for your financial choices, Investing in cryptocurrency, particularly meme coins, is a high-risk, high-reward proposition. This post is just meant to serve as a guide; keep in mind that it is also a source of enjoyment.
GamingShiba’s Website
One of the most demoralizing things about writing reviews is this, when you found a coin without website, to explain the project of the coin.
I attempted to browse gamingshiba's website, but it appears that it is currently unavailable. This makes it more difficult to write this review. Because the website is so important in determining if the coin is scam. I understand, though, that the website is undergoing some sort of renovation. It's not a nice look, though.
Coinmarketcap.com, on the other hand, has this to say about GamingShiba.
"Without crypto-currency, the modern technology and contemporary environment that the internet has produced could not work as a whole." The impact of crypto-currency on a worldwide scale is tremendous in the sense that it is the catalyst for practically every development, particularly the most recent. Future digital platforms will provide gamers with possibilities and experiences that they have never had before. GamingShiba will serve as a link between gamers, streaming platforms, new-fangled technologies, and the metaverse."
Whoever said that about GamingShiba (GamingShiba description on marketcapcoin ) was attempting to imply that, in its current state, the Internet would struggle to function without cryptocurrencies. This underlines the significance of cryptocurrencies. GamingShiba programmer went on to claim that most emerging technologies, such as play to earn games, streaming platforms, the metaverse ecosystem, and so on, are anchored on cryptocurrencies, which is not far from the truth when you think about it. Finally, they said that GamingShiba will serve as a "binding bridge" between these platforms. The concept of a 'binding bridge' connecting various new platforms in the crypto ecosystem appeals to me. but what is exactly the role of this coin to be the 'binding bridge.
White paper
GamingShiba's White paper is not available. Since I couldn't access the website, I looked at coinmarketcap.com and other websites. For gaming Shiba, there was no white paper available. This, too, is not a good appearance. For cautious investors, this is a significant turn-off.
Assume I wish to invest in GamingShiba after hearing about it from a friend. And I made the decision to conduct my research. I search on web for website of this coin; it wasn't there; I looked for a white paper; it wasn't there either. Most investors will give up and believe that the coin is a scam or that the GamingShiba developers aren't serious.
Again, on CoinMarketCap.com, potential investors will find out that the token has been audited by Certik. A certik audit signals seriousness and legitimacy on the side of the Developers. Because Certik is one of the most respected contract auditing firms in the crypto space.
Market Cap and Liquidity Pool
GamingShiba has a total supply of 100,000,000,000,000,000. This is the character of meme token, aka Shitcoins.
According to poo.app, GamingShiba has a meager market cap of $2,823,248. This is a tiny market cap. However, considering the market is bearish, and the token isn’t even up to a month old, that isn’t a surprise.
The liquidity pool is estimated to be $430,446. 97.1% of the liquidity pool is locked in Pink Sale. I could not determine the liquidity lock time frame.
Currently, the are 13,074 Holders of GamingShiba. If the token keeps trending and featuring in the top gainer’s section of coinmarketcap.com, investors will continue to notice the token and invest. I’m however surprised it has 13k plus holders yet, its market cap is still small. This could be that the investors GamingShiba attracts do not invest ‘hugely’ in the project. This also suggests that countries with high purchasing power haven’t bought into the project yet.
Another interesting thing of the GamingShiba environment is the presence of a whale. This whale owns around 4% of the whole token, which may seem insignificant, but it says a lot. The market will be affected by the implications of this whale dumping the currency. GamingShiba is also shown to be deflationary. That is, it is intended to increase in value over time.
Conclusion
Given the people behind the project are unknown, I'm not sure if they'll be able to pull the project off. Furthermore, the project's meme coin energy raises a lot of questions, which is pretty perplexing. Because you have no idea if you're dealing with a serious enterprise, a meme currency, or something in between. The website is presently unavailable, and the token lacks a white paper. The token, on the other hand, has a Certik audit. This is a significant positive that demonstrates the creators' commitment. If you decide to invest in this project, confirm the liquidity lock time frame with the developers. Also, this is not a project that you invest in and then forget about. To succeed, it will require a lot of publicity and promotion.
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