Details about SHENG cryptocurrency
SHENG
SHENG
Unknown for now
Keccak
€1
500,000,000
1
Unknown
SHENG price charts
SHENG exchanges
SHENG, the crypto
SHENG (SHENG) is a cryptocurrency based on the Ethereum blockchain platform that aims to create a decentralized stablecoin that is backed by a basket of cryptocurrencies. Unlike other stablecoins that are backed by fiat currencies or commodities, SHENG is backed by cryptocurrencies like Bitcoin, Ethereum, Litecoin and others.
The point
The main point of SHENG (SHENG) is to create a stablecoin that is resistant to inflation and market volatility. By backing the stablecoin with a basket of cryptocurrencies, SHENG aims to provide a stable and secure store of value while also promoting the adoption and growth of cryptocurrencies.
The problem
SHENG (SHENG) tries to solve the problem of volatility and instability that is often associated with cryptocurrencies. By creating a stablecoin that is backed by a diversified basket of cryptocurrencies, SHENG aims to offer a more stable and secure alternative to fiat-based stablecoins and promote the adoption and growth of cryptocurrencies.
Compare SHENG and BTC performance
| Timeframe | SHENG | BTC |
|---|---|---|
| 1h change | 0 % | 0.272848 % |
| 24h change | 0 % | 2.93623 % |
| 7 day change | 0 % | -5.15544 % |
| 14 day change | 0 % | -3.87916 % |
| 30 day change | 0 % | -1.52039 % |
| 200 day change | -44.46 % | 127.769 % |
| Year change | 0 % | 127.898 % |