Calcium Token Explodes 7,400% After Shiba Inu Rejection. Qube Shatters $3.25m Mark

The relatively unknown Calcium token (CAL) is up 7,400% days after Shiba Inu developers said CAL would play a role in minting Shibarium’s governance token, BONE. Shibarium is the recently launched Polygon fork that’s compatible with Ethereum.

Amid this development, InQubeta (QUBE), a crypto project aiming to merge the capabilities of artificial intelligence (AI) in blockchain to enhance crowdfunding, continues to garner investor attention. The project has raised over $3.25 million in the ongoing presale. However, the question on everyone’s mind is whether QUBE, the native token of the InQubeta platform, will aid the ambitious project in raising even more in the coming sessions, considering the impact of the crypto winter.

Calcium Token (CAL) in Focus

The enthusiasm around CAL will likely catalyze demand for low-cap but high-quality crypto projects like InQubeta.

The Calcium token was initially developed as a test token and was not meant to be traded. All the same, aggressive investors, ready to experiment—and even, in some instances, lose money—began providing liquidity. Subsequently, CAL prices started rising, and with expanding demand, more investors participated in FOMO.

Since CAL is native to the Shiba Inu ecosystem, the token was initially available on ShibaSwap DEX, the decentralized exchange.

With skyrocketing demand, CAL is now available in other alternative DEXes and centralized exchanges, including Uniswap—a popular DEX on Ethereum, and Lbank, a centralized exchange. CoinMarketCap data on September 27 shows that CAL has a market cap of $12.13 million and daily average trading volumes of over $8.5 million.

Looking at the CAL markets, the token is popular not on ShibaSwap DEX but on Uniswap v3, where daily trading volume currently exceeds $7.4 million and its price is rising fast.

Whether the demand for CAL will continue in the sessions ahead is yet to be seen. Considering the rapid expansion of prices due to fear of missing out (FOMO), the historical performance of other similar projects, for example, PEPE, has shown that prices tend to cool off, reversing gains.

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Author: BeInCrypto Team

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