Perfect Storm Rising For Shiba Inu To Skyrocket Again - Market News.

Perfect Storm Rising For Shiba Inu To Skyrocket Again - Market News.

2021-10-13 | Mike Hallen

Perfect Storm Rising For Shiba Inu To Skyrocket Again - Market News.

For more than a week, Shiba Inu (SHIB) has managed to stay in the top 20 cryptocurrencies on the market. The cryptocurrency made its debut last year and has experienced one of the most rapid increases in popularity. Exchange of cryptocurrencies in India WazirX was one of the first tokens to be included in the country's SHIB list. Users can buy bitcoin with Indian rupees or trade it for Tether (USDT) or the classic WarizX (WRX) token on the platform. It only took 14 months for the memorandum to reach a market value of $ 12 billion, making it the 12th largest cryptocurrency by market value. Dogecoin, on the other hand, has grown in size over the course of 88 months, or six times the length of Bitcoin. Investors are requesting that additional cryptocurrency platforms sign the Shiba token as well. The petition on asks the Robinhood trading software to add a currency to their list of supported currencies. So far, more than 2.27 lakh signatures have been collected. And it's allowing to a single tweet from tech mogul Elon Musk about his real-life Shibu Inu puppy named 'Floki.' When Bitcoin's value rises, the number of altcoins drops. Altcoins are also catching up to Bitcoin as its value rises. Many believe Shibu Inu's spike last week was nothing more than an altcoin catching up and being seized by the major forces of Musk's tweet. Some speculate that the increase is due to a major whale purchase, as more SHIB would be expected. According to Yahoo Finance, an unidentified whale paid $ 44 million for 6.3 trillion SHIB in September. Some feel Shiba Inu is a 'shit' money with no intrinsic value, while others believe it might be a 'Dogecoin Killer.' Shiba Inu is powered by Ethereum, while Dogecoin is based on the same technology as Bitcoin. In any event, there's no doubting that the recipient benefited from the rapidity of the neck break. Shiba Inu is still three times as costly as it was last week at a price of $ 0.00002839 on October 11 at 5:00 pm, despite the fact that the meme token's advance appears to have slowed - 300 percent growth followed by a 30 percent pullback.

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