Shiba Inu Hits All Time High Again Despite Failed Robinhood Listing Rumours; Shiba Inu up 50% to record and became the 11th biggest crypto lets get you all the details regarding a new all-time high record.
The Dogecoin destroyer Shiba Inu token has recently been on a gaining trend. After a dramatic price increase, the Shiba Inu coin achieved an all-time high, surging more than 46 percent within a period of only two days. The Shiba Inu cryptocurrency achieved a new peak of $0.0000455 on October 24th, surpassing its historical record, despite the failed Robinhood Listing Rumours.
Shiba Inu Hits All Time High Again
At present, the Shiba Inu token is priced at $0.000046, shattering the previous high established in the month of May 2021, and has been ranked the 11th largest cryptocurrency. To begin with, the parody token’s pricing increased by about 50%, and its current month-to-date profit is somewhere around 500%.
Moreover, the SHIB token’s recent price hike can be linked to a continuing bullish movement that commenced on Oct. 15 and boosted the token’s price rise by more than 26%. Prior to restarting its all-time high streak, the Shiba Inu token has sustained week-long support of around $0.00002796. Shiba Inu topped the WazirX platform in India, rendering Tether and Bitcoin being ranked second and third, in terms of velocity.
Shiba Inu Token Decline Elon Musk’s Tweet
The Shiba Inu token also witnessed a decline of 10% during the weekend, from the perceived all-time high after Elon Musk’s tweet which implied that he does not possess any Shiba Inu coins. The Shiba Inu cryptocurrency is presently in high request, and its creators are reducing the quantum of coins in existence using a supply burn tactic. This would create the way for a dramatic climb in the not-too-distant future.
SHIB coin owners, on the other hand, can transfer their tokens to an impenetrable wallet, thereby taking them out of circulation. DOGE has had a rough patch lately. It peaked at $0.73 in initial May and since then has dropped 27%. However, Dogecoin is predicted to break over the levels of resistance and strengthen in the near future. SHIB is presently exhibiting such extreme fluctuation that DOGE’s gains appear insignificant in contrast. We have covered most of the latest details on -Shiba Inu Hits All Time High,.
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