Similarly, Shiba Inu’s sudden price rally can be compared to that of Ripple and Litecoin in the past. However, we can take some hints from history to anticipate what is approaching us. The cryptocurrency sphere is highly volatile and not all predictions come to reality here. This indicates that the so-called SHIB Army is more dead and is on the play to broaden the popularity of the digital token. Recently, SHIB’s official Twitter account surpassed 1.8 million followers, overtaking the social media of the world’s second most-adopted cryptocurrency, ethereum. While there is heavy debate on whether Shiba Inu is off the radar or not, the memecoin is actually recording small developments and breaking new milestones. At the time of writing, was at US$0.00004141. But after this rally, Shiba Inu’s price is back to a moderate state. Besides, people were buying Shiba Inu out of FOMO (Fear Of Missing Out). The preparation to launch a collection of non-fungible tokens (NFTs), containing 10,000 Shiboshi characters also contributed to the price rally. It eventually led to a massive price rally that pushed SHIB to reach a record high. Later, a petition on demanding the Robinhood platform to add Shiba Inu to their trading portfolio has also gained over 300,000 signatures online. This move had a direct impact on SHIB as its indicated an approaching price rally. At the beginning of October 2021, Elon Musk, the Godfather of Dogecoin, posted a picture of his Shiba Inu puppy on Twitter. Similar to Dogecoin, Shiba Inu’s price also kept a low profile for a long time before hitting the mainstream. The memecoin was created following the success of DOGE in 2020. Currently, Shiba Inu is transitioning from Proof-of-Work (PoW) to Proof-of-Stake (PoS) as Ethereum is undergoing a makeover. Based on the Ethereum network, SHIB self-proclaims itself as the ‘Dogecoin killer’. Shiba Inu was created by an anonymous person or people named ‘Ryoshi’ in August 2020. AFTER RASH RUN, WILL SHIBA INU ENTER TOP 10 CRYPTO LIST IN 2022?.WILL SHIBA INU AND DOGECOIN OUTPERFORM BITCOIN IN 2022?.WILL SHIBA INU REACH ANOTHER ATH IN NOVEMBER? WE EXPLORE.In this article, we explore the performance of Shiba Inu and discuss if the meme coin could eat up one more zero from its value any time soon. But SHIB dropping one zero from its value still seems to be a far reality.
Shiba Inu’s price also hit an all-time high of US$0.00008841 on October 27, recording a total of 17,335,194% since inception. Today, Shiba Inu is no more seen as a copy of Dogecoin since the memecoin managed to briefly push back DOGE and take its eighth position in the top 10 crypto list. The growing popularity of Dogecoin interested creators to make knock-offs. Eventually, DOGE was also accepted at sports events as a payment source and AMC Entertainment also opened its door to cryptocurrency. Years later, in 2020, Dogecoin hit the mainstream after a Reddit movement by honest investors who used sub-Reddits to trend the meme coin. Although it was seen as a unique and weird investment model, people just talked about it but didn’t invest.
Dogecoin was the first-ever meme coin to make its debut in 2013. Memecoins are cryptocurrencies born out of memes and jokes online.
Especially, SHIB is the most anticipated meme coin to gain value before 2022. While mainstream cryptos like Bitcoin and Ethereum are still in the play, other meme coins like Shiba Inu and Dogecoin are gaining value like never before. Today, the digital token market is much more than that. People who thought stocks can help them grow their money shifted to cryptocurrency. A decade later, things changed when bitcoin made its debut. Although stocks had their own downsides, people still chose them over other investments like gold, oil, housing, and bonds to reap good benefits in the long run. But will it truly happen?Īt the beginning of the 20th century, no investment model was as reliable as stocks. Shiba Inu is the most anticipated meme coin to gain value before 2022.
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