Shiba Inu Coin Price
The Shiba Inu coin price is hitting a new record as another whale purchases the currency. Earlier this month, the cryptocurrency hit an all-time high, jumping 22% on Coinbase. An investor purchased 276.6 billion coins, worth $11.5 million. As a result, the currency is now more valuable than Bitcoin. The reason for this increase in value may be because of the increasing community around SHIB.
The cryptocurrency was first launched last year, but Shiba Inu Coin price has soared in the last year because of big investors, or “whales.” A crypto whale owns up to 41% of the currency, and has pushed the currency to new heights. However, that wealth has been wiped out by a massive selloff of cryptocurrencies, which has left Shiba’s price plummeting by nearly half.
Bitcoin is the world’s largest digital currency, with a market cap of more than $1.2 trillion. On Thursday, it rose 4%, but still remained below its record high from last week. It is a relatively new crypto and has been gaining in popularity since its launch last year. It is a decentralized meme token with an active ecosystem. It’s also a good time to invest in SHIB. The Shiba Inu coin price is now up over 100% from its low in November, but has been recovering a bit from its record high.
Shiba Inu Coin Price Hits a New Record
The shiba inu coin is one of the most popular cryptocurrencies today. It has a total supply of 1 quadrillion coins, and it appears to have been influenced by Dogecoin. Its price has risen over 60 million percent since the start and remains the eleventh largest digital currency by market cap. The cryptocurrency is now trading for $26 billion, which is a massive jump in a year.
Despite the recent surge in shiba inu coin prices, the currency is still highly centralized. The Shiba Inu community has taken inspiration from dogecoin and subsequently, the currency has a similar structure. As a result, the shiba inu coin price has increased more than 600 times in just a year. This is an extremely strong sign for a crypto, especially with the current state of the global economy.
The Shiba Inu coin price is up more than sixty percent over the past day. Its popularity has led some cryptocurrency experts to claim that the currency will eventually surpass dogecoin’s market cap of $1.2 billion. This is the first significant increase for a single currency in the past decade. The value of a coin can rise as high as $1000 in less than a year.