Shiba Inu Coin Price Explodes As ShibArmy Buys The Dip With Heavy Volume

The ShibArmy has proved it yet again that they are one of the most powerful, active, and loyal crypto communities out there. The price of ShibaInu coin is up more than 10% in the last 24 hours, thanks to a surge brought about in prices by the ShibArmy.

Twitter is bustling with #ShibaInu tags at the moment. While the previous weeks have been tough for the cryptocurrency, it seems like the interest of buyers have been reignited and a leg up for the price has begun.

Shib Price Explosion

Have a look at the price explosion on the chart below:

Shib first started trading on crypto exchanges Aug. 1, 2020, with a first-day print of $0.00000000051 per token. After 15 months, the memecoin was roughly up by 14,044,998%. This definitely proves that Shiba Inu has massive potential for returns. But let’s shift out focus to ‘meme coin Vs stablecoin debate’ now.

Entry To Mainstream

Shiba Inu was started as a joke to rival the biggest memecoin in the world, Dogecoin. However, as time has passed by we have begun to see real world utility of Shiba Inu coin.

Companies have adopted cryptocurrencies as a mode of payment and Shiba Inu has also seen a widespread adoption in the recent weeks.

ShibArmy on Twitter promotes ‘buying the dip’ opportunities since this would be asure-shot way to riches according to them. However, leaving behind all the bright side of making massive returns with Shib, one must be very cautious in his/her investments.

Recently, we saw the interest of two whales ignite in the memecoin as well.

The ShibArmy rejoiced after data from Etherscan and Blockchain Tracker revealed that two whales have acquired 6.5 billion Shib tokens in a span of less than 60 minutes. A Twitter handle shared the news with the Shiba Inu community and since then the post has gone viral.

What do you think about the future of SHIB? Tell us your thoughts in the comments.

Shaheer is passionate about living a life seeking un-ending knowledge, philomath, as you may think of him. He's a student of Finance and a keen observer of Business and Indian-Political scenario who takes pleasure to pen down his views and opinions on the same. As his guiding mantra to life, ‘Come what may , life goes on’ helps.

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