Shiba Inu: Runs Beyond Bitcoin .. Shiba Inu Grows 260 Percent .. You Too ..
Cryptocurrency shiba: Another new digital coin that is making Bitcoin run better. The Shiba Inu token continues to grow steadily. According to a report, the token price has jumped 260% in the last one week.
Bitcoin is another new digital coin that is doing well. The Shiba Inu token continues to grow steadily. According to a report, the token price has jumped 260% in the last one week. The cryptocurrency has shown steady growth throughout the year. Investors are benefiting in trading. The market value of this cryptocurrency is much lower than Bitcoin but this token is always in the headlines due to Elon Musk tweets.
On October 5, Shiba Inu saw a 55 percent jump in its price in 24 hours. Its investors have made huge profits. In fact, Elon Musk posted a picture of Shibu Inu's puppy in one of his tweets. Musk shows this pet dog resting on a Tesla car. Following this tweet by Elon Musk, there has been a steady rise in the price of Shibu Inu. Elon Musk has always been interested in cryptocurrencies. Initially, he announced that he was selling Tesla cars in Bitcoin. But in view of the huge cost of electricity in Mite Bitcoin, he withdrew his decision.
Why did the price suddenly rise?
This is not the first time Shiba Inu's feelings have risen due to Elon Musk's tweet. They even used this kind of experiment once with Dogecoin. Elon Musk tweet sees huge fluctuations in cryptocurrency price. Before Elon Musk tweeted, an unnamed buyer had bought Shiba Inu in large quantities, causing the price of this cryptocurrency to rise. That buyer bought a total of 6.3 trillion shiba inu, of which 1 trillion, 116 billion, 115 billion on October 1 and finally 1 billion more shiba inu on October 1. The Times of India wrote in a report.
History of Shiba Inu
Shiba Inu cryptocurrency history is not very old because it came into the market in August 2020. The identity of its creator is still a mystery. It was originally named Rioshi. Shiba Inu was launched in view of the popularity of Dogcoin. It is the first meme based cryptocurrency in the world. According to a number from Coinmarketcap.com, the current market for Shiba Inu is about $ 11 billion. This number is as of 9 October 2021.
Sustained progress
Shiba Inu gained 230% in one week earlier this week. If we look at the price a month ago .. then the price of Shiba Inu has gone up by 300%. Exchanges such as Binance, BuyBax, Gdax, Poloniex, Kucoin are considered top Shiba exchanges. The Shiba Inu coin came to light when Ethereum founder Bitalik Buterin donated a 1 lakh rupee coin to Indian cryptocurrency relief.
Cryptocurrency is against dogcoin
Shiba inu is a digital currency such as bitcoin ether or dogcoin. Ethereum co-founder Vitalik Buterin Shiba has invested heavily in Inu. Now they want to get out of it. It was called Rayoshi. It is also known as the Joke Coin. A year ago Dogcoin made a big name for itself. Shiba found the coin to stop him.Suddenly Shiba Inu blocked the way for Dogcoin. Dogcoin customers begin to invest in Shiba. The currency is named after the Japanese dog breed Shiba Inu.
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