Is It The Right Time to Invest in The Shiba Inu Coin That Rose 9.3% in One Week?
2022-04-14 15:44:17
Is Shiba Inu Coin A Good Investment?
The cryptocurrency market saw a downward trend in early April, with many tokens including mainstream stable currencies such as BTC and ETH falling. In mid-April, as the general market started to pick up, its various cryptocurrencies started to gain momentum. However, looking at the data for a week, most cryptocurrencies were in a downward trend, except for the Shiba Inu coin which rose by 9.3% in a week.
At the time of writing, we can see from the data from Gate.io, one of the top 10 digital currency exchanges in the world, that the current price of the Shiba Inu coin is $0.00002661, with a 24-hour trading volume of $1.85 billion. The current market capitalization is $14.61 billion. The recent price of the Shiba Inu coin has been as high as $0.00002785 and as low as $0.00002207.
Is now a good time to invest in Shiba Inu coins for greater returns? What is happening behind such a drastic price movement? Why not take a look here.
Shiba Inu Coin Listed on Robinhood Exchange
Robinhood is a commission-free stock trading & investing app founded in the U.S. The listing of the Shiba Inu coin on Robinhood is an indirect indication that the development of its token is starting to be seen and valued. On the first day of its listing, the price of Shiba Inu rose 35% to $0.00003. Although this price did not last long and did not break again, it was a big breakthrough in a year and the highest value in the last two months.
At the same time, Robinhood also brought in a 300% increase over the same period by adding investments in cryptocurrencies. Such a situation opened up more cryptocurrency-related services for Robinhood, which included the addition of more MEME tokens and other cryptocurrencies.
Continuous Purchase by The Whales
According to Whalestats data, whales are still buy Shiba Inu coin in large quantities on an ongoing basis, also after the price of Shiba Inu coins rose on Robinhood's launch. In the last 24 hours, WhaleStats has reported two large Shiba Inu purchases, with anonymous whales buying billions of Shiba Inu tokens, leading to a significant increase in the number of large transactions and positive price action. Shiba Inu currently ranks #1 in the total wallet count at WhaleStats with 15.78%.
SHIB: The Metaverse Officially Launched
The official launch of SHIB: The Metaverse was officially announced on Twitter on April 13 by the SHIB team. Currently in its first phase, the virtual land bidding campaign, SHIB will be used to add images and logos to parcels as markers. SHIB will also be used to lease HUBS, which is the highest value land in the entire space (closed/reserved space).
The first phase will run for 7 days and after that, they will open the second and third phases.
The Shiba Inu coin dollar universe is currently being launched, and its price and market will receive some impact as a result. Is it a good time to invest? Some whales have already given their answers. However, cryptocurrencies are high-risk investments and need to be considered carefully before starting.
The cryptocurrency market saw a downward trend in early April, with many tokens including mainstream stable currencies such as BTC and ETH falling. In mid-April, as the general market started to pick up, its various cryptocurrencies started to gain momentum. However, looking at the data for a week, most cryptocurrencies were in a downward trend, except for the Shiba Inu coin which rose by 9.3% in a week.
At the time of writing, we can see from the data from Gate.io, one of the top 10 digital currency exchanges in the world, that the current price of the Shiba Inu coin is $0.00002661, with a 24-hour trading volume of $1.85 billion. The current market capitalization is $14.61 billion. The recent price of the Shiba Inu coin has been as high as $0.00002785 and as low as $0.00002207.
Is now a good time to invest in Shiba Inu coins for greater returns? What is happening behind such a drastic price movement? Why not take a look here.
Shiba Inu Coin Listed on Robinhood Exchange
Robinhood is a commission-free stock trading & investing app founded in the U.S. The listing of the Shiba Inu coin on Robinhood is an indirect indication that the development of its token is starting to be seen and valued. On the first day of its listing, the price of Shiba Inu rose 35% to $0.00003. Although this price did not last long and did not break again, it was a big breakthrough in a year and the highest value in the last two months.
At the same time, Robinhood also brought in a 300% increase over the same period by adding investments in cryptocurrencies. Such a situation opened up more cryptocurrency-related services for Robinhood, which included the addition of more MEME tokens and other cryptocurrencies.
Continuous Purchase by The Whales
According to Whalestats data, whales are still buy Shiba Inu coin in large quantities on an ongoing basis, also after the price of Shiba Inu coins rose on Robinhood's launch. In the last 24 hours, WhaleStats has reported two large Shiba Inu purchases, with anonymous whales buying billions of Shiba Inu tokens, leading to a significant increase in the number of large transactions and positive price action. Shiba Inu currently ranks #1 in the total wallet count at WhaleStats with 15.78%.
SHIB: The Metaverse Officially Launched
The official launch of SHIB: The Metaverse was officially announced on Twitter on April 13 by the SHIB team. Currently in its first phase, the virtual land bidding campaign, SHIB will be used to add images and logos to parcels as markers. SHIB will also be used to lease HUBS, which is the highest value land in the entire space (closed/reserved space).
The first phase will run for 7 days and after that, they will open the second and third phases.
The Shiba Inu coin dollar universe is currently being launched, and its price and market will receive some impact as a result. Is it a good time to invest? Some whales have already given their answers. However, cryptocurrencies are high-risk investments and need to be considered carefully before starting.
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