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Why Is Shiba Inu Coin Going Up? What Is Next For Shiba Inu? Will Reach $1?


Why Is Shiba Inu Coin Going Up? What Is Next For Shiba Inu? Will Reach $1?

In this article, we are going to talk about the reasons behind Shiba Inu Coin Going Up. And what could happen with the coin in the next few months? Since its inception, the Shiba Inu coin has traded at low and unpredictable values. But it has fast grown in popularity as a viable alternative to prominent cryptocurrency tokens such as Bitcoin and Ethereum. As well as a dynamic modern follow-up to Dogecoin, throughout 2020 and then into the year 2021.

Reasons for Shiba Inu Coin Going Up

The Shiba Inu coin was launched on Coinbase for the very first time on 16th September 2021. And its price increased by 34% after it was placed on the massive cryptocurrency marketplace. After the listing, the Shiba Inu coin has had numerous bullish surges from cryptocurrency investors. And traders eager to view the parody cryptocurrency token registered on the stock trading framework ‘Robinhood’. Over 326,000 people have signed a plea urging Robinhood to list the Shiba Inu coin on its platform. The increasing demand for Robinhood Markets Inc. to include the Shiba Inu coin to its website is assisting in the token’s ascent to new peaks. Shiba Inu Coin Going Up reasons differ based on different things.

In addition, Elon Musk’s contentious views regarding Cryptocurrency have influenced Shiba Inu’s oscillating price. Regularly attributing to the Shiba Inu coin’s increase and decline in price. The Tesla and SpaceX creator published an image of his adorable dog in early October with just the phrase “Floki Frunkpuppy,”. And that was sufficient to start a Twitter phenomenon praising the token with #SHIB and mobilizing to enhance its value. Musk affected the value of the Shiba Inu coin yet again during the Shiba Inu coin’s price increase on Sunday, October 24th. When he was asked by a Twitter user about the quantum of SHIB possessed by him. Shiba Inu coin plunged from its erstwhile-record high attained on Sunday after Musk’s short remark of ‘none.’

Read also Bitcoin Is Now World’s 8th Most Valuable Asset

Future Prospects

Why Is Shiba Inu Coin Going Up? What Is Next For Shiba Inu? Will Reach $1?
After talking about Shiba Inu Coin Going Up let’s talk about what will happen next. In the Shiba Inu ecosystem, Vitalik Buterin, who co-founded Ethereum, is regarded as an idol. The rationale for this is the 27-year old’s outpouring enthusiasm for the jest coin on his official Twitter account, as well as his endeavors to assist the coin in reaching ‘to the moon’. His most recent and significant display of solidarity for the Shiba Inu coin was a donation of $1 billion to India. A price increase is likely if Vitalik Buterin manages to advocate the token via his words and social media accounts. The integration of prospective Shiba Inu owners into Robinhood will almost certainly bring in novel cryptocurrency users.

Robinhood seeks to make it easy for regular individuals to invest modest and large sums of money in Wall Street equities and, more recently, cryptocurrency. Speculations have been circulating regarding the team and increasing involvement throughout networks and exchanges, whilst the Shiba Inu coin is presently accepted across digital wallets provided by Coinbase and Voyager. Shiba Inu intends to avail the benefit of the increased media recognition and get listed on Robinhood among other platforms. Tell us what do you think about Shiba Inu Coin Going Up.

Stay tuned with the global coverage for more updates.

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