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Shiba Inu Partner BAD Skyrockets 20% Daily: Here’s Why

George Georgiev Aug 15, 2023 11:00

Recently, a token that’s closely related to the Shiba Inu ecosystem has been making headlines. The cryptocurrency in question is called BAD, and it’s short for Blockchain + AI + DAO.

Throughout the past 24 hours alone, BAD’s price is up 20%, bringing its total monthly gains up to around 440%. But why?

Shiba Inu and Bad Idea: What’s the Relationship?

Right off the bad, it’s important to note that BAD is a token that brings forward a decentralized experiment, seeking to combine Blockchain, Artificial Intelligence (AI), and Decentralized Autonomous Organizations (DAOs) in a “risky, meme-worth concoction.”

In essence, the planning of the project, as well as other tasks, are handed to the community.

There’s also been a notable relationship between BAD and Shiba Inu. Earlier in August, the lead developer of SHIB – Shytoshi Kusama – pointed out how he sees the partnership going forward.

BAD has more to do with our next phase than just a silly voice in a keynote. It’s about being thought leaders in a world of copycats.

Why is BAD Price Pumping?

BAD’s been on a roll during the last 30 days, as the cryptocurrency has surged by more than 440% throughout the period.

BAD Price. Source: CoinGecko

As it can be seen in the chart above, the surge started more or less when Kusama posted about the long-term plans of Shiba Inu, including Bad Idea.

Moreover, Shiba Inu’s marketing strategist, Lucie, has also recently highlighted the partnership between both projects, pushing the community to vote in favor of a free audit for BAD through CertiK.

Source: X

 

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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn