Alpha Sigma Capital Research releases new research on Shiba Inu: From Meme to Network Status
BRADENTON, FL, November 8, 2023 (GLOBE NEWSWIRE) — Alpha Sigma Capital Research, the leading blockchain research firm, has published an in-depth research report on Shiba Inu (SHIB), documenting the evolution of the migration of a meme coin a player in the Web3 landscape.
You can access the research report here.
The research summarizes the following key findings:
– Shiba Inu is transforming from a speculative token focused on price dynamics and trading volume to a legitimate decentralized platform.
– The SHIB community, known as the “SHIB Army,” has grown to over 1.25 million wallets and a market cap of approximately $4 billion.
– SHIB has become one of the most traded coins on the market
– Various apps and tools have been developed to support the SHIB community, expanding their real-world use cases.
– The SHIB community is working to build a decentralized community with decentralization as its core ethos.
– The ecosystem has introduced a Layer 2 protocol called Shibarium.
– Shib The Metaverse has also launched an advertising platform that gives influencers and small businesses easier access to online advertising.
You can access the research report here. Sign up here to receive free issues of Alpha Sigma Capital Research.
Fair Disclosure: Alpha Transform Holdings, the parent company of Alpha Sigma Capital, is a strategic advisor to Shiba Inu and holds BONE and LEASH tokens as well as TREAT tokens under the advisory lock-up.
About Shiba Inu (SHIB)
The Shiba Inu Coin, or SHIB for short, is an ERC-20 token that powers the Shiba ecosystem. Comprised of three separate tokens – SHIB, BONE and LEASH – that users can stake, exchange or deposit into liquidity pools on the decentralized exchange ShibaSwap to earn interest and rewards. Created in August 2020 by an anonymous person or group under the pseudonym “Ryoshi”.
About Alpha Sigma Capital Research
Actively Investing in the Blockchain Economy.™
Alpha Sigma Capital Research is provided by Alpha Sigma Capital Advisors, LLC, the investment manager for the Alpha Blockchain/Web3 Fund and the Alpha Liquid Fund. Alpha Sigma Capital (ASC) investment funds focus on emerging blockchain companies that are successfully building their user base, demonstrating real-world uses for their decentralized ecosystems, and advancing blockchain technology toward mass adoption. ASC focuses on companies using blockchain technology to create value in areas such as fintech, AI, supply chain and healthcare. Apply for ASC Research at www.alphasigma.fund/research.
About Alpha Transform Holdings
Alpha Transform Holdings (ATH) is a powerhouse digital asset organization committed to ushering in the future of blockchain-based Web3. With our extensive knowledge and expertise, we invest and advise innovative companies and decentralized projects that use blockchain technology to revolutionize traditional industries such as financial services, healthcare, media and entertainment and more. We work closely with portfolio companies to increase value while delivering superior returns and are known for our detailed research on growing blockchain initiatives. Our mission is simple: to accelerate mass adoption of distributed ledger technology through investments that provide impactful solutions with long-term sustainability. Our vision is an open, connected world built on secure decentralized systems so that everyone can benefit from the new technology economy. https://www.alphatransform.io/
DISCLAIMER
This is for informational purposes only. This is not investment advice. Except for disclosures related to Alpha Transform Holdings (ATH) and Alpha Sigma Capital (ASC), this information is based on current public information that we believe to be reliable. However, we do not represent that they are accurate or complete and such should not be relied upon. The information, opinions, estimates and forecasts contained herein are as of the date hereof and are subject to change without notice. We endeavor to update our information as appropriate.
Any forecasts contained herein are for illustrative purposes only and do not constitute reliable advice or should be interpreted as a recommendation. The price of crypto assets may rise or fall, sometimes quickly or unpredictably, due to changes in the broader market or changes in a company’s financial condition. Past performance is not an indicator of future performance, future returns are not guaranteed and a loss of original capital may occur. Fluctuations in exchange rates could have an adverse effect on the value or price or returns from certain investments. We and our affiliates, officers, directors and employees, other than equity and credit analysts, may from time to time hold long or short positions in, act as principals of, purchase or sell securities or derivatives mentioned in this press release .
The information on which the Information is based has been obtained from sources believed to be reliable, such as the Company’s financial reports filed with a regulatory authority, the Company’s website, the Company’s white paper, pitch book and other sources. Although Alpha Sigma Capital has obtained data, statistics and information from sources it believes to be reliable, Alpha Sigma Capital does not conduct an audit and does not require independent verification of the data, statistics and information it receives.
Unless otherwise provided in a separate agreement, Alpha Sigma Capital makes no representation that the Content meets all presentation and/or disclosure standards applicable in the jurisdiction in which the recipient is located. Alpha Sigma Capital and its officers, directors and employees shall not be responsible or liable for any trading decisions, damages or other losses arising from or relating to the information, data, analysis or opinions contained in the report.
Cryptocurrencies and/or digital currencies involve significant risk, are speculative in nature and may not perform as expected. Many digital currency platforms are not subject to regulatory oversight, unlike regulated exchanges. Some platforms may pool customer assets in shared accounts and provide inadequate custody, which may impact whether or how investors can withdraw their currency and/or expose it to money laundering. Digital currencies can be vulnerable to hacker attacks and cyber fraud, as well as significant volatility and price fluctuations.
Sandra Ditore SVP, Investor Relations Alpha Transform Holdings 3126711968 sandra.ditore at alphasigma.fund
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