Shiba Inu rose 38% in a week and turned 12.NS The largest cryptocurrency continues its super speed as we read more today in our latest altcoin news.
Nothing seems to stand in the way of cryptocurrency and its advancement as the DOGE alternative has increased by 50% in the past 24 hours. Reaching a local high of $ 0.0003473, SHIB is up a staggering 385% over the past week, with the price moving the coin to 12. has risenNS Place in the cryptocurrency rankings according to CoinGEcko. With a market cap of $ 17 billion, Shiba Inu has grown 38%, outperforming coins like Litecoin, Avalanche, Chainlink and Uniswap. Described as an “experiment in building decentralized communities,” Shiba Inu was created by a developer alias Ryoshi and launched in 2020.
We will not stop developing so quickly! Welcome new owners, too #ShibArmy!
– Shiba Inu (@ShibainuCoin) October 7, 2021
The token has been falling since the beginning of the year and one of the reasons for this could be the tweets from Tesla boss Elon Musk. He posted a picture of his new Shiba Inu dog named Floki last week and immediately sent SHIB fans a wave of buzz and trending #SHIB on Twitter. In another key milestone, data from Etherscan shows the army of SHIBU owners has passed the $ 700,000 mark. The coin’s surge comes amid a widespread surge in the overall crypto market, with BTC up 30% over the past week as the world’s leading cryptocurrency rose to $ 55,000 on Thursday. ETH is also up 25% in a week and is trading at $ 3,500 at press time.
Floki Frunkwelpe pic.twitter.com/xAr8T0Jfdf
– Elon Musk (@elonmusk) October 4, 2021
Just a month ago, listing on the largest US-based cryptocurrency exchange resulted in an immediate price increase and this happened again with the Shiba Inu. The SHIB token exploded 44% in one day and hit a new monthly high in September. Coinbase has announced that its newest token will be listed for trading on its main platform Coinbase Pro and two apps for iOS and Android. The exchange enables customers to trade, send, and receive SHIB tokens in virtually any region supported by Coinbase. Shiba Inu became popular when the DOGE mania went wild. It also advertises as a DOGE killer, but unlike most of the meme coins that hit the market as a joke in 2013, SHIBA Inu promised to release a new decentralized exchange, which it did earlier this year and which was named Shibaswap .
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