Whether you believe in cryptocurrency as the future of digital payments or not, you really can’t ignore the worldwide momentum that some of these crypto coins have received in the past. Apart from the meteoric rise in standard coins like Bitcoin and Ethereum, there has also been rags to riches stories of smaller coins like Dogecoin (DOGE), and now of another meme currency called Shiba Inu (SHIB).
In case you’re someone involved in crypto trading then you’ve surely got to get in on the action here as SHIB has been on an upward climb for three consecutive days. In fact, the price has more than tripled in the last few trading sessions, today hitting a new all-time price of $0.00007. In the process, the valuation of the coin has grown to be larger than many companies which have been around since decades!
It was only recently that SHIB became the 11th most traded cryptocurrency in the world but if we look at numbers only for 25th October, it was 4th on the list of most volume being put in for cryptocurrency trading, only after Tether (USDT), Bitcoin (BTC) and Ethereum (ETH). Something which started as a meme coin is now making a huge noise, much like DOGE did earlier this year.
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Earlier today, we spoke about how billionaire businessman and Tesla CEO Elon Musk tweeted in favour of DOGE and how in the past he’s mentioned that SHIB isn’t a part of his crypto portfolio. The tweet snubbed the momentum of Shiba Inu, but it managed to wrestle against it and keep growing over the next couple of days, hitting this brand new all-time high. Shiba Inu’s market cap is now $28+ billion!
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Buy Shiba Inu in India
While Shiba Inu is being traded across the world, we’ll help you get started if you’re reading this from India and want to jump on the band wagon. The price of Shiba Inu in Indian Rupee right now (as of 10:30pm IST, 27th Oct 2021) is ₹0.006200 and we purchased the same a couple of months back at one-third the price. Join WazirX if you want to buy ShibaInu now!
For all updates on SHIB coin, stay tuned to ReadScoops.com…
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