Prior patterns and dynamics in crypto indicate that SHIB is “likely to be challenged by other projects and shed much of its value” further along in the market cycle, he added.
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“At this moment attention seems to have converged on SHIB” and speculation is the primary driver of the price surge, Ben Caselin, head of research and strategy at crypto exchange AAX, said in a message Sunday. But “there are some interesting communities being built around them.” “With such memecoins it’s hard to speculate on the actual reasons for price movements, in all honesty,” Vijay Ayyar, head of Asia-Pacific with crypto exchange Luno Pte., said in a message Sunday. The SHIB ecosystem has also dropped a number of non-fungible tokens, or NFTs, and a page for them says they’re currently sold out, though it promises other packs are coming soon. “Lower dollar-price tokens are attractive to retail” because investors can still buy more than 20,000 SHIB for $1, he said. “Memes have value and have been an investible thesis in 2021,” Jonathan Cheesman, head of over-the-counter and institutional sales at crypto-derivatives exchange FTX, said in an email Sunday. The token has gained more than 40 million percent in the past year. New York time on Sunday, according to pricing from, and reached a record earlier in the day.Ī petition on imploring Robinhood to list SHIB on its platform has garnered almost 300,000 signatures. The all-time high of the SHIB cryptocurrency occurred on October 28, 2021, when the token reached a value of 0. SHIB, as it’s known, was up 50% in the 24 hours through 10:10 a.m. However, Shiba Inu is also vulnerable to market fluctuations and is highly volatile. Hamburg Is at the Heart of Germany’s Growing Dilemma Over China Meet Six People Fighting Water Scarcity Across the Globe (Bloomberg) - Shiba Inu soared to record highs over the weekend to become the 11th-biggest cryptocurrency by market value.Ī Deep Dive Into Squid Game's World of Inequality
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