SHIB price Performance

  • Shiba Inu has been very trendy in the crypto market for days now, The price volatility has attracted a lot of audience in the crypto domain
  • Its gains have multiplied over a period of 24 hours, after a series of speculations that were raised concerning the price
  • The performance of SHIB is commendable, and we can expect a lot of story on its future performances as it is influenced by the key players in the financial markets

Shiba Inu has been very trendy in the crypto market for days now, The price volatility has attracted a lot of audience in the crypto domain. Market leaders like Musk are tweeting about the token and that is having a direct impact on the price of the token. SHIB has had its share of popularity since Musk has been tweeting about it by posting his pet, Floki’s image on Twitter, and that has led to a huge leap in the price of Shiba Inu, it has also received the title of becoming the Dogecoin Killer. The latest price of Shiba Inu is $0.00003052, at 21:49 PM, IST. It has achieved its highest price, today, at $0.00003201, and its lowest at $0.00002564. 

Its gains have multiplied over a period of 24 hours, after a series of speculations that were raised concerning the price. It has made its way into being among the 18 top crypto units. In a span of 9 days, it has soared over 300 % in the market, as far as its price is concerned. Just a small post by Elon Musk has led to a significantly high leap in the price of Shiba Inu, which was counted to be around 40 percent. September saw a rise by 40 percent, and October is still recording its highs, making it the trendiest cryptocurrency in the financial markets. A huge amount of credit for such a performance goes to Musk, the CEO of Tesla. It has made it seem like a “Musk effect” in the financial industry. 

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The past 24 hours has witnessed an 18 percent rise in the price of Shiba Inu. It is something worth celebrating, keeping in mind that it is just a meme coin. There are going to be continuous changes in its price, but recently analysts had mentioned that within sometime, it might reach a maximum level, and then it might start falling, Shib is not just a joke now, it has made a mark in the industry, and also made a position in the list of top crypto units in the digital currency markets. The performance of SHIB is commendable, and we can expect a lot of story on its future performances as it is influenced by the key players in the financial markets.  

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Andrew Smithhttp://thecoinrepublic.com
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing

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