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Saturday, November 27, 2021

SHIB Price Forecast: Shiba Inu hits all-time high as crypto whale buys 277 billion SHIB

Shiba Inu is climbing from one record high to the next. This time, a crypto whale and speculation about a possible listing on Robinhood are likely to have driven the price higher.

With over 1.4 million followers on Twitter and almost 330,000 subscribers on Reddit , the Shiba-Inu project is one of the fastest growing crypto communities. Just a few days ago, Tesla boss Elon Musk drew the anger of this gigantic community when he announced on Twitter that he did not have any SHIB tokens. The price of the meme coin then crashed briefly, but SHIB has since recovered and even set a new all-time high.

Since Monday, October 25, the price of Siba Inu has climbed by over 60 percent. 31.95 percent of this enormous price increase took place in the last 24 hours. At press time, SHIB is trading at $ $0.00008152 . SHIB can currently be traded on Binance and Coinbase .

Is there a robinhood listing coming up?

An important factor that may have contributed to the fact that SHIB has risen so sharply in the last few days is due to the hopes for an imminent Robinhood listing. A petition on Change.org asking Robinhood to list Shiba Inu has now won over 332,500 supporters . The pressure on Robinhood is increasing. Just recently, Vladimir Tenev, the company’s CEO, announced that his team was “thinking carefully” about listing new coins.

We have a very good feeling about the coins that we currently offer on our platform. We want us to feel just as good, if not even better, with all newly listed coins.

If you consider that Coinbase listed Shiba Inu on its platform as early as June 2021 , then it seems even more likely that Robinhood will follow suit. The Coinbase listing also spurred the course of the Dogecoin offshoot at that time. For this reason, it is therefore quite possible that investors will speculate on an imminent listing this time as well.

Crypto whale buys 277 billion SHIB

In addition, on Monday an anonymous Shiba-Inu whale made sure that the SHIB rally really got going. Earlier this week, the major investor bought around 277 billion SHIB tokens for around $ 11.5 million. With the purchase, the anonymous investor brought his total inventory of SHIB tokens to 316.5 billion. These are currently worth just under $ 18 million.

At press time, Shiba Inu now comes to a market capitalization of $ 26 billion. This means that the Dogecoin offshoot is now larger than the Japanese automaker Nissan ($ 20.07 billion) and the South Korean technology company LG Electronics ($ 19.72 billion) .

SHIB Price Live Data

The live SHIBA INU price today is $0.000082 USD with a 24-hour trading volume of $47,069,340,479 USD. We update our SHIB to USD price in real-time. SHIBA INU is up 46.35% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $44,762,297,455 USD. It has a circulating supply of 549,095,509,738,353 SHIB coins and the max. supply is not available.

If you would like to know where to buy SHIBA INU, the top exchanges for trading in SHIBA INU are currently Binance, Mandala Exchange, OKEx, FTX, and Huobi Global. You can find others listed on our crypto exchanges page.

What Is SHIBA INU (SHIB)?

Once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it.

According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and will be listed on their own ShibaSwap, a decentralized exchange.

Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” The meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.

Shiba Inu aimed to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (BabyDoge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.

On Sept. 17, 2021, Coinbase, the largest US-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.

Who Are the Founders of SHIBA INU?

The SHIBA INU WoofPaper has three reasons why their team created SHIB:

  1. “We started from zero, with zero.”
  2. “The brilliant minds behind Shib had never collaborated before.”
  3. “We love Shiba Inu Dogs.”

The anonymous creator of the Shiba Inu coin is known as “Ryoshi.” However, very little is known of the mystery founder of the dog-themed cryptocurrency, much like the founder of Bitcoin, Satoshi Nakamoto.

What Makes SHIBA INU Unique?

The SHIBA INU website invites dog-inspired artists from all over the world to foster the “artistic Shiba movement” as they bring their SHIBA INU community into the NFT market.

SHIBA INU has also created a campaign using Amazon Smile in order to collect donations for rescue real, live Shiba Inu dogs with the Shiba Inu Rescue Association.

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