What is Shido (New) (SHIDO)? Meme Coin with Huge Potential

Bittime - The cryptocurrency market is full of various projects with different goals and utilities. One project that has attracted attention recently is Shido (New) (SHIDO).

Created as a new version of Shido Inu, SHIDO aims to deliver a stronger community, greater utility, and higher growth potential.

What is Shido (New) (SHIDO)?

Shido (New) (SHIDO) is a decentralized meme token launched on the Ethereum blockchain . Created as a new version of Shido Inu, SHIDO aims to deliver a stronger community, greater utility, and higher growth potential.

Shido (New) Key Products & Features (SHIDO)

• ShibaSwap: Decentralized DEX for token exchange and liquidity provision.
• ShidoPad: Launchpad for promising new crypto projects.
• ShidoVerse: Metaverse which will present various interactive experiences and games.
• NFT Marketplace: Platform for trading unique and exclusive NFTs.
• Staking: Earn rewards by staking your SHIDO tokens.
• Farming: Earn profits by providing liquidity on ShibaSwap.

What is SHIDO Token?

SHIDO token is the native utility and governance token of Shido (New). This token is used for:

• Paying fees: Transaction fees on various Shido (New) platforms are paid with SHIDO tokens.
• Participation in governance: SHIDO token holders can cast their votes on important proposals related to the future of the project.
• Staking: Earn rewards by staking your SHIDO tokens.
• Farming: Earn profits by providing liquidity on ShibaSwap.

Also read: How to Create the First Blockchain on Substrate

SHIDO Token Tokenomics

• Maximum Supply: 13,000,000,000 SHIDO
• Circulating Supply: 8,138,071,657 SHIDO
• Token Allocation:
  • 50% - DEX & CEX
  • 30% - Staking & Farming
  • 10% - Team & Advisors
  • 10% - Marketing & Development

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Shido (New) Fundamental Analysis (SHIDO)

• Community: Shido (New) has an active and fast-growing community with over 100,000 members across various social media platforms.
• Utility: SHIDO tokens have various utilities in the Shido (New) ecosystem, including payment of fees, participation in governance, staking, and farming.
• Roadmap: Shido (New) has a clear and ambitious roadmap with plans to launch a variety of new products and features in the future.
• Team: The Shido (New) team consists of experienced professionals with a proven track record in the blockchain industry.

Comparison of Shido (New) (SHIDO) & Competitors

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Price Prediction

Based on data processing by Bard Google sourced from CoinMarketCap and CoinGecko, the following is the price prediction for Shido (New) (SHIDO) for 2024 in Rupiah (IDR):

Driving Factors

• Product Development: Scheduled launches of new products and features, such as ShidoVerse, ShidoPad, and NFT Marketplace, may increase demand and price of SHIDO.
• Increased Adoption: The growth of the Shido community and increased use of SHIDO tokens across platforms may drive the price upwards.
• Market Sentiment: Positive sentiment towards the cryptocurrency market as a whole may increase investors' interest in SHIDO.

Restraining Factors

• Market Volatility: The cryptocurrency market is notorious for its volatility, and the price of SHIDO can experience significant fluctuations.
• Competition: There are many other meme coins on the market, and SHIDO has to compete with them for attention and adoption.
• Regulation: Increasingly stringent cryptocurrency regulations could have a negative impact on the price of SHIDO.

Price Prediction

• Average Price: It is estimated that the SHIDO price will be in the range of IDR 225 - IDR 375 in 2024.
• Highest Price: If driving factors dominate, SHIDO price can reach IDR 450 or more.
• Lowest Price: If restraining factors dominate, SHIDO price can drop to IDR 150.

It is important to note that these predictions are only estimates and cannot be guaranteed.

Conclusion

Shido (New) is a new cryptocurrency project with great potential. The project has an active community, strong token utility, and an ambitious roadmap.

However, it is important to remember that the cryptocurrency market is still volatile and any investment carries risks.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.