A memecoin primarily based on the long-lasting “Braveness the Cowardly Canine” cartoon determine soared Wednesday after being promoted by the Shiba Inu (CRYPTO: SHIB) ecosystem.
‘Brave’ Rally
Braveness The Canine (CCDOG) skyrocketed 86% within the final 24 hours, dwarfing returns from a number of large-cap cryptocurrencies. The Ethereum (CRYPTO: ETH)-based memecoin skilled a ten% improve in buying and selling quantity within the 24-hour interval.
The newest spike pushed the token to a three-week excessive of $0.002133
See Additionally: Ethereum Co-Founder Vitalik Buterin Dumps Memecoin Holdings He Received For Free, Crypto Community Left Wondering Why
SHIB ‘Joins Forces’ With Braveness
The sudden burst got here after Shiba Inu’s official X account shared a cartoon-style depiction that includes the Shiba Inu canine alongside Braveness the Cowardly Canine.
“When SHIB joins forces with CCDOG… The run is not bullish. It is feral,” the publish learn. “Watch the power when these two hit full velocity!”
The publish piqued the curiosity of the group, with many questioning whether or not it is a Shiba Inu ecosystem token.
Nevertheless, Shiba Inu cleared the air, stating, “This publish is from a associate undertaking, not an official SHIB token. All the time DYOR, frens.”
Value Motion: On the time of writing, CCDOG was exchanging arms at $0.001924, up 86% within the final 24 hours, in response to CoinMarketCap. SHIB traded up 5.27% at $0.00001251 finally examine.
Benzinga Observe: Investing in meme cash is extremely speculative and entails vital danger. Meme cash typically lack intrinsic worth and are pushed by market sentiment, social media developments and speculative buying and selling.
Picture Courtesy: vlastas on Shutterstock.com
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