Shiba Inu (SHIB) now has the biggest dollar compared to 100 other ETH whales.
In fact, CoinMarketCap has a SHIB in the top 20 coins in the market cap category. Although SHIB seems to be gaining traction, this is quite the opposite a few days ago. Shiba Inu has experienced a large decline in just 216,260 transactions despite being listed by (HOOD) or Robinhood Markets Inc.
The total burning rate to date is at 31.71% or derived from the initial fuel supply of 410,339763,887,291 from the total SHIB supply of 889,660,236, 112,708.
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SHIB Ing No. 11
To everyone’s surprise, SHIB has also entered the CoinMarketCap list at 11 p.m.th position. Actually SHIB is next to SOL which is currently at 10th level and ahead of APE at 12th position.
Over the last 24 hours, Shiba Inu experienced a major price decline of 5.17% and down 24.07% in 30 days.
The current price of SHIB is currently at $ 0.00001891 or approximately 0.00000000545 BTC. In addition, SHIB had a trading volume of $ 533,696,977 in 24 hours. The current market capitalization of SHIB is $ 10,385,504,641.
SHIB total market cap at $8.22 billion on the daily chart | Source: TradingView.com
Crypto Markets Are More Powerful Than Stock Markets
The stock market will be strong but if you compare it to the crypto market, the stock gains will be minimal compared to the crypto space. Crypto has become stronger since the pandemic; going up to $ 1.6 trillion or a 1.100%jump.
Not only are the crypto kings Bitcoin and Ethereum raising the value of the crypto market but also Shiba Inu (SHIB) which has attracted new investors into the crypto space. SHIB meme coins are burned primarily in 2021.
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2021: SHIB’s Strongest Year
SHIB had an intra-year gain of 121,000%. The token can only be purchased for $ 0.000000000073 on January 1, 2021, and after 10 months, it increases to $ 0.00008841. So, basically, if you invest $ 1 on January 1, 2021, you will be a millionaire on October 27th.
Shiba Inu is definitely an asset that can be invested as we see it now. 46,000,000% per year is really amazing, initially, and can attract new investors.
Shiba Inu doesn’t make it alone. Yes, these tokens have some help, especially from crypto market dynamics like derivatives and options or short-selling. In addition, the token is popular on social media because Tesla CEO Elon Musk openly supports the token-and it has been a win-win setup for both.
Featured image from Pixabay, chart from TradingView.com
