SBI VC Trade, a company created by the Japanese financial giant SBI Group and a major partner of Ripple, has announced a celebratory campaign that could result in massive rewards for Shiba Inu (SHIB) and Dogecoin (DOGE) enthusiasts. The campaign is in commemoration of the birthday of Kabosu-chan, the beloved internet personality who inspired the creation of these cryptocurrencies, and will run from November 2 to December 1, 2023.
To participate in the campaign and qualify for rewards, users must engage in Shiba Inu and Dogecoin transactions and take part in a coin lending initiative. There are two groups of customers targeted by the campaign. The first group includes individuals who enter into a contract to purchase SHIB with a value of 50,000 yen or more during the campaign period. The second group involves individuals who do the same for DOGE.
Qualifying customers will receive rewards based on their purchases. For SHIB transactions, participants will receive an amount equivalent to 1% of their Shiba Inu purchase contract price in SHIB. The same 1% commission applies to Dogecoin transactions. In addition to these incentives, SBI VC Trade is also offering a special gift of “Kabosu fruit juice” to customers who open a new account as part of the campaign.
The announcement of this campaign has triggered speculation within the crypto community, with many predicting new all-time highs for both Shiba Inu and Dogecoin. The Ripple connection adds to the optimism, as it has the potential to introduce new features and functionalities that could distinguish these memecoins from their counterparts.
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Dogecoin, which started as a playful digital asset, gained immense popularity thanks to endorsements from high-profile figures like Elon Musk and Mark Cuban. However, its price has been in a consolidation phase for the past six months, repeatedly bouncing off an ascending support trendline in the $0.055-$0.06 range. This suggests that buyers see these levels as attractive entry points.
On the other hand, Shiba Inu, often referred to as the “DOGE killer,” has been steadily gaining traction in the crypto space. Recent partnerships and increased interest from retail investors have contributed to its remarkable surge in value. The collaboration between SBI VC Trade and Shiba Inu could potentially enhance the liquidity, accessibility, and utility of the coin within the Ripple ecosystem.
As the news of the campaign spreads, SHIB and DOGE holders anticipate a significant boost in the value of these cryptocurrencies. The rewards and incentives offered by SBI VC Trade not only celebrate Kabosu-chan’s birthday but also foster engagement within the Shiba Inu and Dogecoin communities in Japan.
It is important to note that Crypto News Flash does not endorse any particular cryptocurrency or investment strategy. Readers are advised to conduct their own research before making any investment decisions or taking actions related to cryptocurrencies.
