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For every bag of coffee sold, Shiba Coffee Company burns SHIB tokens.

Shiba Inu's (SHIB) mainstream popularity has soared in recent weeks, and the crypto coin's strong community has responded with a one-time token-burning mechanism that encourages coffee lovers from all over the world to demonstrate their support. The Shiba Coffee Company, which opened earlier this month, serves a selection of SHIB-branded coffee for $16.99. (roughly Rs. 1,262). Customers may, of course, pay for their coffee in SHIB, with 10% of the company's profits going toward SHIB burning.

Bitcoin, Ether, Dogecoin, and Shiba Inu all saw significant drops as the global crypto market cap fell by 5%.

Despite signs of recovery on Thursday morning, bitcoin prices have continued to fall. Bitcoin is presently selling at $60,879 (approximately Rs. 45.2 lakh) on Indian market CoinSwitch Kuber, while the most popular cryptocurrency is valued at $55,950 on worldwide platforms like CoinMarketCap (roughly Rs. 41.5 lakh). In terms of percentages, Bitcoin has dropped 7.55 percent in the last 24 hours, falling well below the $60,000 (approximately Rs. 44.7 lakh) threshold that it has been hanging around over the previous several days. This is also the cryptocurrency's lowest price in over a month, a far cry from last week's all-time high of $68,990 (approximately Rs. 51.18 lakh).

Dogecoin is the most popular cryptocurrency in the United States, with the others trailing far behind.

According to statistics, Dogecoin is the most Googled cryptocurrency in the United States. According to Google Trends data, Dogecoin has the most states interested in investing in cryptocurrency, with a total of 23, including Illinois, Florida, Hawaii, and New Jersey. The growth in popularity can be traced in part to Tesla CEO Elon Musk's sponsorship, who has been a vocal supporter of both Dogecoin and its competitor meme coin, Shiba Inu.

On Telegram, the Shiba Inu Team warns investors about an ongoing scam and posts a warning video.

The official Twitter account for the Shiba Inu cryptocurrency has warned SHIB investors of a fraud that is circulating on the Telegram instant messaging platform. Cybercriminals are mimicking official accounts associated with the meme-based dog currency and responding to generic SHIB-related postings. Scammers have been collecting articles promising SHIB giveaways and extra tokens, among other strategies, to attract naïve users. Investors in SHIB are warned not to share their wallet keys with strangers.

Bitcoin and Ether are surging to new highs before a correction, while Shiba Inu and Dogecoin continue to fall.

On Tuesday, Bitcoin reached a new all-time high of $68,525 (approximately Rs. 50.7 lakh) before speculators opted to take their profits home, causing the price to fall throughout the day. Bitcoin was trading around $71,447 (approximately Rs. 52.9 lakh) on the Indian market CoinSwitch Kuber on Wednesday morning, while BTC was trading at around $66,606 on global platforms like Coindesk and Binance (roughly Rs. 49.3 lakh). Although the most popular cryptocurrency has lost 2.4 percent in the last 24 hours, its bull run may not be finished.
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