TREAT Token Price from Shiba Inu Rises Over 100%

Bittime - In the last 24 hours, the Treat ($TREAT) token from Shiba Inu rose significantly, reaching more than 100%. 

This increase shows that community tokens such as TREAT tokens can provide benefits. Read this article to find out more!

Causes of TREAT Token from Shiba Inu Price Increases

Surge of TREAT token prices don't just happen. There are several factors driving this increase. 

In the past, meme coins were more often considered speculative assets, but the Shiba Inu ecosystem has proven that meme coins can also thrive in the DeFi sector.

The success of the TREAT token from Shiba Inu is also supported by a loyal and growing user base in the Shiba Inu ecosystem. This solid community plays a big role in supporting the price of the $TREAT token.

Read Also: What is Treat Token ($TREAT)? New Token in the Shiba Inu Ecosystem! 

Price Movement of TREAT Token from Shiba Inu 

On Tuesday, the TREAT token price was at $0.008431. In the last 24 hours, the trading volume of this token soared by 96.11% to reach $30.15 million. 

Over the same period, the TREAT token price increased by 63.34%, indicating strong bullish sentiment in the short term.

However, despite experiencing a significant surge, this token still shows high volatility. In the last 7 days, the price of this token actually recorded a decline of 21.33%.  

TREAT Token Price: Combination of Bullish and Bearish 

The sharp price increase of the TREAT token in a short period of time shows great potential, but you need to be wary of the volatility that accompanies the meme coin. 

While the bullish momentum is evident in the short term, the bearish trend in the longer term confirms that the token is still in the early stages of development.

Rapid price changes, both up and down, can occur due to factors such as community activity, project developments, and overall market dynamics.

Read Also: Shiba Inu ($SHIB) Price Analysis and Prediction

Shiba Inu FAQs

What is Shiba Inu?

Shiba Inu is a crypto asset that was originally known as a meme coin with the iconic Shiba Inu dog mascot, but has now grown into a project with a broad ecosystem, including DeFi, token burning, and a Layer 2 solution called Shibarium.  

How Does Shiba Inu Token Burn Work?

Shiba Inu token burn is carried out by permanently removing a portion of the SHIB token supply to reduce the number in circulation, so that the token becomes scarce and hopefully increases the value of the token.

What's that Shibarium and the Benefits for Shiba Inu?

Shibarium is a Layer 2 Shiba Inu solution designed to increase transaction speed, reduce gas fees, and support blockchain-based application development.

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Reference

The SHIB Daily, $TREAT Outperforms Market, Ranks First on Major CEX with Triple-Digit Surge, accessed January 22, 2024.

TREAT Token, TREAT Token Official Website, accessed January 22, 2024.

Author: IPR