Cryptocurrency

China partnership with Shiba Inu Coin boom! $0.1 fixed!





China partnership with Shiba Inu Coin boom! $0.1 fixed!
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After the bullish run of the crypto market earlier this year, where Shiba Inu set a new all-time high, the coin began to decline sharply. SHIB dropped over 80% of its worth in the last summer months of 2021, but could Shiba Inu still be a wise investment?

What set off the Shiba token’s fame was the meme coin Dogecoin, the coin that has been in every investor’s eyes, which created substantial interest for other altcoins.

Even though it might seem like a speculative fever in which mostly shady traders have been investing, some meme coins have assembled huge crypto communities, giving the tokens popular support that backs the upswings.

Shiba Inu’s Twitter and Reddit communities count over 850,000 and 200,000 members, respectively. As open interest in the coin keeps developing, more exchanges have started to list SHIB, which helps the currencys’ exposures. Before SHIB arrived at its all-time high on May 10, 2021, Binance, one of the popular exchanges, adopted the coin just before the token price exploded.

Although the actual cost of the token has been encountering low numbers, the altcoin market might be brewing another bullish run. With a market capitalization of almost $2 billion in September 2021, is Shiba Inu a good investment?

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I am not a licensed financial advisor. All videos on this channel are intended for entertainment purposes only. Exercise your due diligence and scepticism before diving into all your hard-earned monies. Take experts’ opinions into account but do not invest unless you are ready. This channel is in no way liable for any losses incurred.
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