GamingShiba Token Review: Legit or Scam?

Hi you all, I know I haven’t been consistent lately. I’m sorry about that. I can’t wait for this ‘festive’ season to come to an end. I haven’t been feeling well lately, and my mind is sort of distracted from writing. Anyway, let us get into the review.

This GamingShiba coin review is one of those reviews I regret not doing as soon as I got the signal. Currently, GamingShiba coin is 114%

Also, GamingShiba is currently occupying the number 1 trending position on coinmarketcap.com.

This review is for you if you are curious, a potential investor just getting to know about GamingShiba or you are already a holder (this demography of readers are usually very sensitive. Try to read the review with an open mind).

I desire to make “new” investors understand what they are getting into, so I try to explain crypto coins in a less complicated way, by breaking down crypto terms in simple English.  Before we get into the main review, we need to establish an understanding.

“I’m not a banker or a financial expert, I don’t even consider myself a crypto “expert” (whatever that means). I will not be held responsible for your financial decision. Crypto investments, especially meme coin investments are high-risk, high-reward ventures. This article is just a guide, consider it an alternative entertainment.”

With that said, let us get into the review.

GamingShiba’s Website

One of the most  demoralizing things about writing reviews is this

I tried to access gamingshiba’s website, but it seems their website is not available right now. This makes writing this review more difficult. Because website plays a big part in confirming whether tokens are legit or not. I however understand the website might be under reconstruction or something. It is however not a good look.

However, this is what Coinmarketcap.com had to say about GamingShiba.

“The modern technology and contemporary ambient that the internet created can not be imagined to function as a whole without crypto-currency. The impact that the crypto-currency has on a global scale is astronomical in the sense of being the generator of almost every development and especially the latest one. Upcoming digital platforms will bring the opportunities and experiences that gamers did not have before. GamingShiba will be a binding bridge between Gamers, Streaming platforms, NFTs and Metaverse.”

Personal Opinion

I think GamingShiba’s use of the English language is ‘complex’, and not beginner-friendly. Many potential investors will not understand the message they are trying to pass across. I will try to break down the above quote in the simplest possible way I know.

Also Read: Inuyaha Review: Legit or Scam?

Whoever wrote that about GamingShiba is trying to say that the Internet, in its current state, will find it difficult to function without cryptocurrencies. This is emphasizing the importance of cryptocurrencies. GamingShiba dev went ahead to say that most new technologies are Anchored on cryptocurrency like Play to earn games, stream platforms, metaverse ecosystem, etc which is not far from the truth if you think about it. They finally came to say that, GamingShiba will act as a ‘binding bridge’ between these platforms. I like the idea of a ‘binding bridge’ between various new platforms in the crypto ecosystem. However, how it intends to become the binding bridge is where things become sketchy. Because this is an ambitious project.

White Paper

GamingShiba does not have white paper. I looked through coinmarketcap.com, and other websites, since I couldn’t access the website.  There was no white paper available for gaming Shiba. Which again isn’t a good look. This is a major turn-off for conservative investors. 

Now, imagine I want to invest in GamingShiba because a friend told me about it. And I decided to do my research. I checked out the website, it isn’t available, looked for a white paper, it isn’t also available. Most investors will stop checking and conclude that the coin is a scam or the developers of GamingShiba aren’t serious people. I was watching a review of the token on YouTube and found out the token had what it called a lite paper. Because the website is down right now, I couldn’t access it.

Again, on CoinMarketCap.com, potential investors will find out that the token has been audited by Certik. A certik audit signals seriousness and legitimacy on the side of the Developers. Because Certik is one of the most respected contract auditing firms in the crypto space.

Also Read: Everrise coin Review: Legot or Scam?

Market Cap and Liquidity Pool

GamingShiba has a total supply of 100,000,000,000,000,000. This is the character of meme token, aka Shitcoins.

According to poo.app, GamingShiba has a meager market cap of $2,823,248. This is a tiny market cap. However, considering the market is bearish, and the token isn’t even up to a month old, that isn’t a surprise.

The liquidity pool is estimated to be $430,446. 97.1% of the liquidity pool is locked in Pink Sale. I could not determine the liquidity lock time frame.

Currently, the are 13,074 Holders of GamingShiba. If the token keeps trending and featuring in the top gainer’s section of coinmarketcap.com, investors will continue to notice the token and invest. I’m however surprised it has 13k plus holders yet, its market cap is still small. This could be that the investors GamingShiba attracts do not invest ‘hugely’ in the project. This also suggests that countries with high purchasing power haven’t bought into the project yet.

Also Read: These 9 coins will make you a crypto millionaire in the coming months

Another point worthy of note is the fact that there’s a whale in the GamingShiba ecosystem. This whale owns about 4% of the entire token, this might seem very small, but it tells a lot. The consequences of this whale dumping the coin will affect the market. We also find out that GamingShiba is deflationary. Meaning, it is designed to gain more value as time pass.

Developer Behind Gaming Shiba

Unfortunately, the gamingshiba developers are undoxed. From the small information I was able to gather from coinmarketcap about GamingShiba, the project idealistically makes sense. But for it to become more realistic, we need to know the background of the developers. What they have accomplished before and their level of experience in the industry they want to bind together. Them not being doxxed is a big red flag for me. I don’t know about you.

What ‘supposed’ Investors are saying about GamingShiba

Supposed investors are bullish about the token. Here are some of their comments on Reddit.

On YouTube, these are what investors are saying. In my opinion, these comments shouldn’t be taken seriously, because most of them are spam comments.

Conclusion

The idea behind the project seems interesting. I however I’m not sure whether the folks behind the project can pull it off because they are unknown. Also, the meme coin energy of the project leaves a lot of question marks, which is rather confusing. Because, you do not know whether you are dealing with a serious project, a meme coin, or a hybrid of both. The website is down currently, and the token doesn’t have a white paper. However, the token has a Certik audit. Which is a big plus that shows seriousness on the part of the developers. If you decide to invest in this project, confirm from the developers the liquidity lock time frame. Also, this type of project is not one you invest in and become passive about. It needs a lot of hype and marketing to eventually succeed. Also, you have to be active and be able to convince people to buy into the project too. I do not think the developers intend to scam anyone, even if they do not give much evidence in that regard. But investing in these sorts of projects is very risky in my opinion.

If you enjoyed this review, leave a comment and also share it. Your comments encourage and give me the energy to continue writing on this website. You can also check out other reviews I have done. You never can tell what you’ll find.

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