Yona Gushiken
Doge Killer (LEASH), the second official token of Shiba Inu, which promises to compensate its holders with rewards for supplying liquidity has — in a striking display of market strength — seen a remarkable price increase, accompanied by a significant uptick in market capitalization and a growing community of holders.
This robust performance underscores the growing enthusiasm and confidence in LEASH, as investors flock to capitalize on its upward trajectory.
The impressive performance of LEASH was highlighted by cryptocurrency tracker Coinpedia Markets, which included Shiba Inu’s Doge Killer in its Top CryptoMarket Update On CPmarkets Monday. Based on the crypto trackers’ latest data, LEASH showed notable resilience, experiencing a significant rebound of 3.78% to $409.9 from its previous value.
Concurrently, LEASH’s market capitalization witnessed a substantial rise of $43.49 million. In this context, an increase in market cap often reflects growing investor interest, positive market sentiment, or significant developments within the project. It can suggest that more capital is flowing into the asset, driving up its overall value. A rising market cap is generally considered a positive indicator for an asset, as it signifies growth and potential profitability for investors.
Moreover, the number of LEASH holders also saw an impressive increase, climbing to 31,006. These developments indicate a growing interest and confidence in Doge Killer among investors. Last month, LEASH was included in the Top 10 Coins by Lunarcrush Galaxy Score.
The Lunarcrush Galaxy Score is a metric designed to evaluate an asset based on its performance within both the social and market spheres. Essentially, it compares the asset against its past performance while considering various factors, such as social media activity, market trends, and sentiment analysis.
This score serves as an indicator of how an asset is perceived and performing in the broader market landscape. When the Galaxy Score shifts, it can signal significant changes in the asset’s trajectory, potentially indicating shifts from positive to negative sentiment or vice versa. For investors and analysts, this metric provides valuable insights into the overall health and sentiment surrounding an asset, helping them make more informed decisions regarding investment strategies or market analysis.
As of 7:01 a.m. ET, Doge Killer (LEASH) exhibited a positive trend in its trading activity, with a price of $409.31 and a 24-hour trading volume of $1,504,762. This marks a 2.77% increase in value over the past 24 hours, suggesting an uptick in investor interest. Over a week, LEASH has experienced a 2.54% rebound, indicating some recovery from previous levels.
However, the asset has faced a 15.35% decline in value over the last 30 days, reflecting some volatility in its performance. According to the latest data from CoinMarketCap, LEASH currently boasts a market capitalization of $43,529,833 and a circulating supply of 106,356 LEASH tokens.
