On May 8, The Price Of Cryptocurrency Shib (Commonly Known As Shib Coin/shit Coin) Skyrocketed By More Than 251%, And The Transaction Volume Reached 40.3 Billion Yuan. Even If There Was A Subsequent Correction, It Still Soared By 236% Within 24 Hours. Hot Search.
On That Day, Shiba Inucoin Even Surpassed Dogecoin, Taking The Second Place In The Currency Circle.
At 7 Pm On May 10th, The Shiba Inu Coin, Which Has Risen Astonishingly In Just Two Or Three Months, Went Online On Binance Exchange. As A Result, The Increase Was Over 100% In Just Ten Minutes.
At The Time Of The Surge, Binance Exchange Stated That All Withdrawals Were Suspended And The Team Was Working Hard To Resolve The Issue. Subsequently, Binance Updated Its Status Again Saying “All Withdrawals Have Been Resumed, Thank You For Your Patience.”
According To Coinmarketcap Data, At 8 A.m. On May 11, Shiba Inu Coin Increased By More Than 117.62% In 24 Hours, And Trading Volume Skyrocketed By 252.91%. But By 4 Pm, The 24-hour Increase Of Shiba Inu Coin Fell Back To 33.07%, And The Trading Volume Continued To Rise By 261.13%. By 22:00 In The Evening, The Increase Of Shiba Inu Coins Had Fallen To About 3%…
It Is Worth Noting That The Price Of Shiba Inu Coins Is Extremely Low. Even At The Highest Point, It Is Only $0.0002 Each, And A Lunch Box Can Buy Tens Of Thousands Of Coins. This Also Attracted A Large Number Of Young Investors To Enter The Market.
Musk Brought Fire “Shiba Inu Coin” Again?
Whether It Is Bitcoin, Dogecoin, Or Shiba Inucoin’s Skyrocketing, There Is Musk Behind Him. With Just One Or Two Sentences, He Set Off A Bloody Storm In The Currency Circle.
On The 7th Local Time, Hiromichi Mizuno, Independent Director Of Tesla And Former Chief Investment Officer Of The Japanese Pension Fund, Said On Social Media: “investors Can Trade Shiba Inu Coins Short-term, But Don’t Treat Their Shiba Inu Pet Dogs Like This.”
Musk Responded Immediately: “I Am Looking For A Shiba Inu.”
It Is Reported That Shiba Inucoin Is Also An Experiment In Decentralized Spontaneous Community Construction. The Token Is Nicknamed Dogecoin Killer. It Is The First Token In The Community And Allows Users To Hold Hundreds Of Millions Or Even Trillions. In Addition, Shib Is An Erc-20 Token, And The Price Can Be Kept Below A Penny.
It Was Born In August 2020 With A Circulation Of 1,000 Trillion. Since The Project Has No Private Placement And No Public Offering, Anyone Can Only Buy Shiba Inu Coins In The Secondary Market.
On May 8th, After The Shiba Inu Coin Went Online On The Ouyi Okex Exchange, The Price Of The Coin Rose More Than 6 Times Within Three Days. It Hit An All-time High Of Us$0.000213 On May 10, Which Is Hundreds Of Thousands Of Times Higher Than The Price At The Beginning Of The Issue. According To Statistics, Shib Has Launched More Than 30 Exchanges, With An Increase Of More Than 100 Times In The Past 30 Days, And An Increase Of 156 Times In The Past Three Months.
The Community Base And Activity Of Shiba Inu Coin Is Relatively High, With 66,000 Followers On Twitter And More Than 73,000 Members On Telegram. As The Attention Of The Project Is Increasing Day By Day, The Scale Of The Shiba Inu Coin Community Is Still Expanding.
Recently, A Series Of Altcoins With “Animal Names” Including Akita And Pet Have Also Danced In The Unprecedented Rise Of Dogecoin. Not Only That, The Shiba Inu Coin’s Surge Is Often On The Hot Search, Which To A Certain Extent Reflects The Most Popular Investment Method For Young People Today.
According To The Securities Times, A Young Player Who Has Just Worked Recently, Xiaozhi, Said That Recently, Friends In The Currency Circle Have Entered The Game And Bought A Large Number Of Shiba Inu Coins, Mainly Because The Price Of This Virtual Currency Is Too Cheap. “You Can Buy Tens Of Thousands Of Money For A Lunch Box, And Maybe You Can Earn A Month’s Meal At Once. This Is Very Attractive To Everyone.”
“I Can’t Afford A House In Shenzhen, And The Price Of Bitcoin In The Currency Circle Is Too High, And I Can’t Afford It. Post-90s And Post-00s Like Me Are Particularly Interested In This New Coin, And These Coins We Can Afford It.” Xiaozhi Said.
Coindesk Website Quoted Cryptocurrency Professionals To Warn That The Virtual Currency Asset Industry Is Full Of Scams And Investors Should Proceed With Caution. Ciara Sun, Vice President Of Global Commerce And Head Of Asset Center Of Huobi, Said That The Names And Images Of Dogecoin And Shiba Doge Coins Are An Important Factor In The Rapid Spread. In Addition, There Are Cheaper Prices And Musk’s Call Orders To Make It Spread. Faster. “When The Market Is Already So Hot, You Must Be Clear About The Threshold Of Your Own Risk, And Don’t Participate With The Illusion That You Will Get Rich If You Participate.”