Over the last 24 hours, ShibaCash has increased its price by nearly 200%.

Built on the Binance Smart Chain, ShibaCash is the latest in the “meme dog coin” craze that started with Dogecoin a few years ago and was recently revitalised by the likes of Shiba Inu coin.

ShibaCash claims that its offering users the chance to “Get your hands on some $SHIBACASH and join our growing community,” if they “missed out” on Shiba Inu.

With its price currency trading at $0.00000003 per coin, there is little downside for the coin to fall to, which could make a small investment in the project a risk worth taking if the buyer is prepared to lose all of their investment should the coin reach zero.

In a nod to Shiba Inu, the developers of ShibaCash have sent the majority of the circulating tokens to a prominent figure of the crypto industry. Unlike Shiba Inu (who sent their tokens to Ethereum Founder Viatalik Buterin) ShibaCash tokens have been sent to CZ, the CEO of Binance.

Where to buy ShibaCash


eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.

Register with eToro instantly


CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.

Register with CedarFX instantly

Why is ShibaCash a possible buy right now?

After trending on Coinmarketcap, coins receive a great deal of attention from traders looking to find the next big move in the crypto market.

If ShibaCash follows a similar trajectory to Shiba Inu and reached the latter’s price, it would see a percentage increase of 23,933%.

To put this in perspective, a $100 investment would grow to over $20,000 should it see a similar growth in price.

This post was originally published on Coinlist.