Social media users holding fiat currencies may be worried for nothing. And the new Shar Pei token will become one of hundreds of other digital currencies. But this resemblance to SHIBA INU is very concerning. It seems that the creators simply decided to profit from trusting investors.
SHIBA INU and Shar Pei Tokens – Find the Differences
On their website, developers do not hide that the fiat currency Shar Pei (SHARPEI) is a meme token. Shar Pei is a breed of guard dogs with wrinkled skin. Originating from China. A very cute creature that will become a man’s best friend thanks to its docile nature. And the fiat currency Shar Pei will be a pleasant investment for the buyer.
The appearance of the coin on the market generated interest among investors. But it quickly faded after just 4 weeks from launch. The price dropped nearly in half ($0.00007027). It is clear that the token needs promotion and a large number of buyers. The core issue is that developers brazenly copied the SHIBA INU logo, changing only the breed of the dog on the obverse. Today it’s SHARPEI, and tomorrow the market will be flooded with analogs like Aussie, Alabai, and others through the alphabet.
No one knows how investors will react to such a menagerie entering the market. But the price of fiat currency looks very attractive. Since tokens with many zeros after the decimal point tend to react strongly to changes in major currencies. Perhaps someone will manage to multiply their capital alongside Bitcoin.
