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Shiba Inu On The Track To New World-Record-Breaking Bull Run – Can It Replace ETH?

Shiba Inu (SHIB) investors are congratulating themselves after their favorite meme coin reaches new heights. The rally continued over the weekend, and SHIB reached new heights. The price of Shiba Inu has increased by 43 percent to 0.00004127 in the last 24 hours, while trade volume has increased by more than 950 percent to $ 12 billion. On the last trading day, SHIB is presently trading at a price around $0.$0.00003897 USD.

Can Shiba Inu Overtake Ethereum In Future - Investors Guide.

Shiba Inu Price Chart – Source: CoinMarketCap

According to several social media sites, Shiba Inu, a branch of Dogecoin, the original joke coin, is trending on Twitter in twelve nations. Fans of SHIB believe that cryptocurrency, which has risen to No. 12 on CoinMarketCap, is on pace to trade for one cent or more.

Shiba Inu currently has a circulating distribution of 394.7 trillion. Some token holders are urging the project to burn more tokens to reduce the supply, while others maintain that new customers will do the trick. Until the end, Shiba Inu signed a partnership with NowPayments earlier this month in which the SHIB percentage of each transaction will be burnt out.

SHIB investors are hoping that by listing a meme character, online store Robinhood would help them reach their penny objective. Change.org has made a request for this to happen, and it currently has 298,000 signatures.

Shiba Inu has helped many of the catalysts and landmarks that took place in October, in addition to reaching a new high. For example, the project exceeded the 1 million mark for fans on Twitter. Also, the coin now has more than 760,000 holders of the SHIB token.

Users of the Public.com trading site can now trade with Shiba Inus. SHIB has also been added to Coin Cloud’s crypto ATM machines, making it easier for customers to purchase Shiba Inu.

In recent months, Elon Musk has made a good impact on Shiba Inu by giving updates to his puppy Shiba Inu, Floki. Musk backs Dogecoin, the Japanese breeding dog Shiba Inu’s mascot.

Overall, the bulls have had control of Shiba Inu since mid-October, and the coin has seemed eager to fire more since then.

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