-
SHRUB is a memecoin that “lives” on the Ethereum community.
-
This token stays at a breakeven level round $0.05 per unit.
Within the universe of cryptocurrencies, 2024 will probably be remembered as the yr memecoins got here into their very own as a cultural and monetary phenomenon.
Though it’s not the primary time that these tokens have burst onto the market, this yr has proven us {that a} mixture of humor, social networks and a very good dose of hypothesis can entice hundreds of individuals in direction of tasks with out main technological pretensions.
As a result of, let’s be sincere, memecoins aren’t competing to revolutionize the business; your aim It is easier (and riskier): make noise, acquire consideration, and hopefully generate income in your traders (though more often than not they do not succeed).
Memecoins are a recreation of appearances. Its worth relies upon not on an modern use case or a strong infrastructure, however on tweets, rumors and mentions of well-known folks.
And amongst all of the well-known folks impacting memecoins, Elon Musk is absolutely the king of the circus.
On a couple of event, a easy message from Musk on
Actually, this peculiar magnetism of Musk has created a “crypto” subculture that appears to at all times be looking out, in search of the following key phrase or emoji that may mild the fuse of a brand new value explosion.
On this context, as CriptoNoticias reported days in the past, SHRUB has emerged, a token created on Ethereum that pays tribute to Shrub, considered one of Elon Musk’s pets. It is a hedgehog that has unleashed the creativity of builders and traders (or “gamblers”?) alike.
The token accumulates a base of 12,000 holders which, apparently, are in “lively standby” mode. Their hope is easy: that Musk posts one thing, something, about his little hedgehog in order that the worth of the token will skyrocket.
And, within the universe of memecoins, every thing strikes to the rhythm of the narrative. Technological guarantees are relegated to the facility of the hype. If the SHRUB token manages to sneak onto Elon’s radar, at the same time as a joke, historical past has proven that could possibly be sufficient to ship demand and value skyrocketing for SpaceX. However, for now, holders are tied to the ebb and movement of silence, watching as social media turns into a subject of unbridled hypothesis.
In the meantime, SHRUB value seems calm. Though a few month in the past it shot up—exactly on account of some posts on Elon Musk’s million {dollars}, roughly).
The next graphoffered by the DexTools platform, reveals SHRUB value on the Uniswap change because the first days of November:
In the meantime, in telegram teams and on social community X, SHRUB traders unfold rumors that, maybe, this hedgehog is Tesla’s “mascot.” What’s the supply of those rumors? Most likely the identical needs as these traders.
Is that this an funding or a recreation of probability with touches of comedy? Perhaps each.
The reality is that SHRUB completely displays the spirit of memecoins: a phenomenon the place leisure, hypothesis and a little bit hope are intertwined in a combination that may be as worthwhile as it’s unpredictable.
Will Elon Musk speak about his hedgehog? That’s the query that has 12,000 folks on the sting of their screens.
