Shiba Inu Loses More Than $7 Bln In Last 4 Days - When Will SHIB Price Pump Again Now?

Shiba Inu Loses More Than $7 Bln In Last 4 Days - When Will SHIB Price Pump Again Now?

2021-11-11 | Big Bob

Shiba Inu Loses More Than $7 Bln In Last 4 Days - When Will SHIB Price Pump Again Now?

Shiba Inu (SHIB), a Meme cryptocurrency, has continued to confront a week of advanced volatility, shedding $7.26 billion from its market over time. At the time of writing, the overall market value was $29.8 Bln. The most successful coin of the year was also trading at $ 0.000053 USD, up 4.33% in the last 24 hours and 11% up over the last seven days. Shiba Inu Loses More Than $7 Bln In Last 4 Days - When Will SHIB Price Pump Again Now?

Shiba Inu Price Chart - Source: CoinMarketCap

Several characteristics of currency monetary adjustment have been applied; however, whale activity is regarded to be a main source of the decline. The uproar began early last week when the whale completed four billion (10,000,000,100,000) SHIB operations on four different wallets. One deal was valued at $586 Mln at the time. Significantly, SHIB may be seeking additional modifications given that Bitcoin leads the cryptocurrency market converts. The token has experienced a boost in revenue in recent weeks, which has contributed to the biggest rise. Furthermore, if token revenue originates from other cryptocurrencies, SHIB may seek another exit as investors seek to profit from other rallying assets. In general, the coin's current price movement is comparable to the previous month, when it grew by 300 percent. SHIB once eclipsed Dogecoin to become one of the top ten currencies on the market snow. Despite the temporary changes, Shiba Inus continue to be in the headlines, as many investors are likely to aim to acquire at new reduced prices. As previously reported, between October 10 and November 8, 2021, the number of Shiba Inu owners climbed by 31.1%, from 706,808 to 926,684. SHIB's rise has also been mirrored in the evolution of the social media platform centered on the coin. In this vein, the meme character was the most discussed cryptocurrency on Twitter in October. It is also likely that SHIB will continue to acquire exposure if the token gets listed on big trading platforms. Fans of SHIB are already putting pressure on the coin to be listed on Robinhood. The SHIB listing application headlined "Please Robinhood list Shiba Inu currency!" received at least 500,000 signatures. In other news, SHIB, based on the Shiba Inu dog, has resulted in an increase in the demand for the breed in real life, as well as interest in the token.

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