Shiba Inu Coin Price Fell to The Lowest Point of $0.000019 and Rose Again!
2022-05-04 16:02:11
What Will Shiba Inu Coins Be Worth?
The price of the Shiba Inu coin at the beginning of May became the lowest price in almost a month. The previous low price of Shiba Inu was $0.000021 in April, but on May 4 it was $0.000019, which surprised many people. At the time of writing, the international digital currency exchange Gate.io shows the price of Shiba Inu at $0.00002067, which is down 10.1% in the last 7 days, but up 0.4% in the last 24 hours with a trading volume of $498,575,244.
The Shiba Inu coin received such a "surprise" at the beginning of May, which made many investors start to predict what the price trend of the Shiba Inu coin will be in May. What factors will influence the price trend of the Shiba Inu coin?
Currently, the Shiba Inu coin is the largest token among the cryptocurrencies held by Ether whales, accounting for 15.13%, worth $961,204,646. Whales continue to buy Shiba Inu coin and some of them are joining in large amounts, which is a great help to the price of Shiba Inu coins and makes people look forward to the subsequent upward trend of the price. However, will this really be the case?
Its CEO, Paolo Casani, said that accepting cryptocurrency payments is for the betterment of the market to increase the propensity for new purchasers and provide more choice, adaptability, and opportunities for customers. Such a move will also mean that the Shiba Inu coin will face more potential investors and increase its price impact.
The price of the Shiba Inu coin at the beginning of May became the lowest price in almost a month. The previous low price of Shiba Inu was $0.000021 in April, but on May 4 it was $0.000019, which surprised many people. At the time of writing, the international digital currency exchange Gate.io shows the price of Shiba Inu at $0.00002067, which is down 10.1% in the last 7 days, but up 0.4% in the last 24 hours with a trading volume of $498,575,244.
The Shiba Inu coin received such a "surprise" at the beginning of May, which made many investors start to predict what the price trend of the Shiba Inu coin will be in May. What factors will influence the price trend of the Shiba Inu coin?
European Investors Prefer Shiba Inu Coin Investment Over Dogecoin
According to Google Trends data analysis, the Shiba Inu coin is the MEME cryptocurrency favored by investors in most European countries such as the UK, Italy, and Norway. Compared to Dogecoin, which is backed by Tesla CEO Elon Musk, the Shiba Inu coin has a wider audience and higher acceptance rate. This also means that there will be more potential investors looking at the Shiba Inu coin.Whale Buys 300 Billion Shiba Inu Coins
Not long ago an Ether Whale codenamed BlueWhale0073 purchased 300 billion Shiba Inu coins worth $6.1 million. The behavior of the Whales purchase of SHIB seems to be a good measure of help for the recent situation where the price of the Shiba coin continues to fall. Not only that, but another whale codenamed "Bombur" also added more than $1 million worth of SHIB tokens. According to WhaleStats data analysis, the total number of SHIB holders now remains at 1,142,940.Currently, the Shiba Inu coin is the largest token among the cryptocurrencies held by Ether whales, accounting for 15.13%, worth $961,204,646. Whales continue to buy Shiba Inu coin and some of them are joining in large amounts, which is a great help to the price of Shiba Inu coins and makes people look forward to the subsequent upward trend of the price. However, will this really be the case?
World Yachting Company Camper and Nicholsons Supports SHIB Payments
Camper and Nicholsons International, a 240-year-old global yachting company with 11 workplaces worldwide, recently announced that it is accepting payments in Shiba Inu coin and other cryptocurrencies through BitPay. This includes payments for yacht purchases, contracts, and installments while reducing high fees and expanding the immediacy and proficiency of installment payments.Its CEO, Paolo Casani, said that accepting cryptocurrency payments is for the betterment of the market to increase the propensity for new purchasers and provide more choice, adaptability, and opportunities for customers. Such a move will also mean that the Shiba Inu coin will face more potential investors and increase its price impact.
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