I am not a financial advisor so do your own research.
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EXCELLENT!
I HAVE NO DOUBT IN MY MIND THAT WE WILL BUST THROUGH .011 SOON!
Shiba Inu is now valued higher than Nissan and LG Electronics
Shiba Inu flips Dogecoin on Coinbase
SHIBUSD technical analysis
SUMMARY: BUY!
OSCILLATORS: BUY!
MOVING AVERAGES: BUY!
NUMBER OF HOLDERS GROWING!
ACCORDING TO THE SOURCE IT SAYS:
AS OF: 11/1/2021 4:56:28 PM GMT
Johnathan Morgan
https://www.fxstreet.com/author/jonathan-morgan
Shiba Inu prints bullish continuation pattern towards $0.00011
(UPDATE SHIB HAS NOT BEEN REMOVED!)
I THINK WHAT HE IS REFERRING TO IS:
Question: I checked the coding and it exists but will never be executed because it doesn’t have a function.
ANSWER: Of course it doesn’t have a function now, because it’s not live payment yet. They have bitcoin too there without a function!! #SHIB. It shares the same function as the Bitcoin case.
In case anyone wants to see it in real
#ShibArmy, our very own @kaaldhairya has confirmed and verified the Tesla code. Here are some of his comments on the acknowledgement.. https://t.co/CMYFkOrbgO
— Shib (@Shibtoken) November 1, 2021
Shiba Inu prints bullish continuation pattern towards $0.00011
(CHARTS)
https://www.fxstreet.com/cryptocurrencies/news/shiba-inu-prints-bullish-continuation-pattern-towards-000011-202111011656
CRYPTOS | 11/1/2021 4:56:28 PM GMT
Shiba Inu price retraced as much as 34% from the most recent new all-time highs.
Traders have maintained a near-term support level around the $0.000065 value area.
Bullish continuation pattern shows upside potential remains – but so do risks.
Shiba Inu price was undoubtedly one of the biggest surprises for October. Very few cryptocurrencies in October can claim a monthly close of over 830% from the open. Fewer still can claim to have reached highs as much as 1,138% above the monthly open. So the question many Shiba Inu traders are asking now is this: will Shiba Inu go higher, or is a deeper retracement coming?
Shiba Inu price action prints a bull flag and shows upside continuation, but downside risks are present
Shiba Inu price has a theoretical long trade setup on its $0.0000025/3-box reversal Point and Figure chart. The long idea is a buy stop @ $0.0000775, a stop loss at $0.0000700 and a profit target at $0.0001125. The projected profit target is based on the Vertical Profit Target Method used in Point and Figure analysis. The entry is on the first box above a double-top that would form at $0.0000750. The entry would also break the bear market trend line (red diagonal line), converting Shiba Inu to a bull market.
The hypothetical long trade will be invalidated if a new column of Os moves lower to $0.0000525.
On the short side of the trade, there is a theoretical short entry with the break of a quadruple bottom. The short idea has a possible entry at $0.0000575, a stop loss at $0.0000675 and a profit target at $0.0000225. While the projected profit target is from the Vertical Profit Target Method, the range may seem a little unrealistic. It is more likely that Shiba Inu price would find support between the Volume Point Of Control at $0.0000300 and the high volume node at $0.0000400.
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Cryptos feed
Shib Army we’re stronger than ever. We are stronger than Elon musk. He cannot influence our dear SHIB.
SHIB Army should stay strong and ignore Elon tweets and YouTube videos. There are stronger fundamentals in play. Besides, why would we even believe everything he says? He has a habit of flip-flopping for no reason.
Surprise, Surprise! Shiba Inu Doesn’t Rely on Elon's Tweets and YouTube videos Anymore!
CEO Adam Aron is asking folks on Twitter if they want the movie theater chain to start accepting the rapidly rising crypto for purchases.
TWITTER POLL #2: As you know, you can now purchase AMC gift cards using cryptocurrency, and our IT group is writing code so that soon we can accept online payments in Bitcoin, Ethereum, Litecoin and Dogecoin among others. Should we strive to take Shiba Inu too?
— Adam Aron (@CEOAdam) October 29, 2021
KRONOS ADVANCED TECHNOLOGIES BECAME THE FIRST PUBLIC COMPANY TO ADD SHIBA INU AS AN ADDITIONAL CRYPTO PAYMENT OPTION FOR PURCHASING AIR PURIFIERS AND PPE SUPPLIES.
November 01, 2021 10:50 ET
| Source: Kronos Advanced Technologies Inc.
https://www.globenewswire.com/news-release/2021/11/01/2324609/0/en/KRONOS-ADVANCED-TECHNOLOGIES-BECAME-THE-FIRST-PUBLIC-COMPANY-TO-ADD-SHIBA-INU-AS-AN-ADDITIONAL-CRYPTO-PAYMENT-OPTION-FOR-PURCHASING-AIR-PURIFIERS-AND-PPE-SUPPLIES.html
Parkersburg, WV, Nov. 01, 2021 (GLOBE NEWSWIRE) -- KRONOS ADVANCED TECHNOLOGIES, INC., (OTC MARKETS: KNOS) ("KNOS" or the "Company"), a revenue-generating, product development and production company that has significantly changed the way air is moved, filtered and sterilized announced today it will begin accepting payment in the SHIBA INU (COIN: SHIB).
Like Bitcoin, Ethereum, Litecoin, the Dogecoin inspired Shiba Inu coin is a popular cryptocurrency that people use to buy, spend and trade as a community-driven token, the functionality of which includes a decentralized exchange (ShibaSwap), a platform for working with NFTs, as well as a profitable tool for passive income, according to NOWPayments.
As reported by CNN, Shiba Inu coin price hit a new record revealing it to be the most astronomically increasing commodity in history and up an additional 30% in a 24 hour period just on the hopes that a Robinhood petition to add it to their cryptocurrency list of buyable coins would increase popularity. It pared back some of its gains since hitting its all-time high last week but then continued to move to reach the dizzying heights of the 9th largest digital currency by market capitalization yesterday.
The token, which was launched last year, has surged more than 100% during the previous seven days and now has a market value of about $39 billion, surpassing Dogecoin with more than twice the trading volume.
Like Dogecoin, the Shiba Inu coin features the Shiba Inu dog as its mascot. Its meteoric rise has made some investors millionaires overnight. The coin has also won a handful of celebrity backers, from former boy band stars to pro athletes.
Earlier this year, Ethereum co-founder Vitalik Buterin made headlines by donating $1 billion worth of SHIB to a Covid-19 relief fund in India.
Its dramatic rise last week coincides with rising support for a Change.org petition urging trading platform Robinhood to list SHIB on its site. The petition has garnered 334,500 signatures so far. This year, dogecoin's record rise put so much pressure on the platform's crypto trading systems that it was briefly broken. Robinhood said last week that cryptocurrencies accounted for nearly 20% of its transaction-based revenues in the third quarter, or about $51 million. That's an 860% increase from the same period last year.
During SHIB's rise last week, it temporarily lost some gains after Tesla CEO Elon Musk — who is a big fan of Dogecoin — tweeted that he does not own SHIB. In a follow-up tweet, he added that he has bought "Bitcoin, Ethereum & Dogecoin. That's it." Musk's tweets have frequently moved crypto markets.
Other popular virtual currencies have also seen explosive growth. Bitcoin, the world's most valuable cryptocurrency, hit an all-time high of nearly $67,000 per coin last week, topping the previous record set in April.
As Dogecoin has grown to a fully-fledged coin accepted by many merchants, including Kronos and Kronos' management believes that Shiba Inu, which also has one of the lowest transaction fees, is also a bonus that is great for our customers utilizing their $SBIB.
"In the last ten years, much has been said about how cryptocurrency will revolutionize payments, services, businesses and will change the world the way we know it.
Cryptocurrency has changed e-commerce: as more and more people now shop online. Cryptocurrency gives customers more reasons to utilize the convenience of online shopping, as it mitigates the risk of fraud for both vendors and shoppers." – commented Michael Rubinov, Kronos President. "Kronos became the first publicly-traded Company to accept Dogecoin. Dogecoin community was extremely supportive and purchased many Kronos products. We hope the Shiba Inu community will also support our efforts to promote and purchase our unique air purifiers," added Michael.
The Shiba Inu community, on the popular website, Reddit has grown into 650,000 members. Kronos intends to market N95 masks and air purifiers to this large community.
"Our goal is to provide superior air purifiers and other products and to provide our customers with new and progressive payment options that work to their advantage." Michael continued, explaining that by adding Dogecoin to their other accepted cryptocurrency payment options, Kronos joins a rapidly growing list of merchants that are adapting to fit the needs of modern consumers and becomes the first online Air purifiers seller accepting Dogecoins and now the first public Company to accept Shiba Inu.
Tweet @shibainucoin to encourage them to let their follows learn of the KNOS/SHIB news today.
https://twitter.com/ShibainuCoin
NO IT IS NOT LISTED ON ROBINHOOD AS OF 10:50 AM EASTERN TIME NOVEMBER 1, 2021.
EXACTLY!
BUT HOPEFULLY ROBINHOOD DOES LIST IT WITHIN 24 HRS SO I CAN CLAIM MY FREE STOCK (SHIBA INU)!
(LOL)
Your Free Stock
Hi,
You've earned free stock on Robinhood. Claim it today by tapping on the button below. We suggest claiming your free stock in the next 24 hours.
SHIBA INU COMMUNITY QUIZ WHEN WILL ROBINHOOD LIST THE CRYPTO
https://www.thecoinrepublic.com/2021/11/01/shiba-inu-community-quiz-when-will-robinhood-list-the-crypto/
Shiba Inu is in demand to be listed on Robinhood by its users
Robinhood allows users to trade ETFs and stocks with low commissions
Seven cryptocurrencies listed on the platform for users to trade
Financial backers clamoring for Robinhood Markets to have Shiba Inu, an image roused digital money that has taken off in esteem this month, may have to stick around for their opportunity as the application-based business says it is in no rush to list new monetary forms. Experts anticipate that revenue growth should come from somewhere else.
Shiba Inu is a side project of dogecoin, itself brought into the world as a parody of cryptographic money free for all in 2013, and has basically no useful use. However, its cost has soared by as much as 1,000% this month, jumping dogecoin to turn into the world’s eighth biggest cryptographic money with a $42 billion market cap.
LOWER CHARGES
Independently, an internet based request requesting that Robinhood list shiba inu has almost 400,000 marks, while #SHIB was moving on Twitter with a blast of tweets of “When #shiba” focused on Robinhood.
Financial backers can purchase shiba inu on some digital currency exchanging stages, like Coinbase. Having the option to exchange it on Robinhood, which by and large has lower charges than its rivals, would permit the organization’s clients to move between crypto, stocks and choices on one stage.
Controllers all around the world have been taking action against the quickly growing digital money market, including the U.S. Protections and Exchange Commission, which has said it is investigating a few parts of advanced monetary standards, including the proposition and offer of crypto tokens.
The financier said it intends to sit tight for more administrative lucidity around any new advanced monetary forms it might list, for this week. Robinhood at present records seven digital currencies including dogecoin, which made up 62% of its cryptographic money exchange volume in the subsequent quarter, helping its outcomes.
NEW CLIENTS
The posting of the popular shiba inu coin could prompt a comparable volume spike, however obliging customer requests on crypto may accompany its own arrangement of dangers.
On the off chance that financial backers keep searching out more current coins for the possibility of quicker returns, crypto stages should remain on their toes to keep their customers happy, said Mati Greenspan, CEO of crypto warning and examination at Quantum Capital.
Simultaneously, as a business, you never need to be the last to list a coin, since that is where cost ordinarily implodes, said Joseph Edwards, head of exploration at crypto representative Enigma Securities in London. So there’s something of a risky game between these trades.
Robinhood’s incomes from crypto exchanging have developed by 860% throughout the last year, as retail financial backer interest in digital currencies has exploded, bringing the financier a huge number of new clients.
Robinhood as of late said it will dispatch crypto wallets ahead of schedule one year from now, which permits its clients to move digital forms of money to and from their Robinhood accounts, and on Tuesday said more than 1 million individuals have pursued the help.
Except for Dogecoin’s value spikes once more, and missing the posting of new coins, an effective dispatch of the crypto wallets is crucial for Robinhood’s crypto incomes getting back to anyplace near their subsequent quarter levels, said Piper Sandler’s O’Neill.
Portions of Robinhood tumbled for this present week after the retail representative announced milder income than anticipated.
Robinhood, which was established in 2013 with a sans commission model that has turned into the business standard, flooded in prevalence during COVID-19 lockdowns, when sports and most different types of amusement were required to be postponed, and exchanging purported image stocks turned into a public distraction among youthful financial backers.
“MAKE SURE TO SHARE SO IT IS LOUD AND CLEAR #SHIBARMY !!! $SHIB IS ON A PATH TO REAL STARDOM!!!”
Evonax introduces KYC-free SHIBA INU purchases
https://invezz.com/news/2021/11/01/evonax-introduces-kyc-free-shiba-inu-purchases/
By: Charles Thuo
on Nov 1, 2021
Evonax users will now be able to buy SHIBA INU.
Users will be able to buy the SHIB coin using more than 18 cryptos.
No Know-Your-Customer (KYC) is required to buy SHIB on Evonax.
SHIBA INU is one of the world’s most talked-about cryptocurrencies in recent months and is now available for KYC-free purchase on Evonax, a new type of revolutionary in cryptocurrency exchange.
SHIBA INU attracted a great deal in May as it topped a $19 billion valuation. Since then it has more than doubled in price and is currently heading upward at a parabolic rate.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
Now, through Evonax, it’s for the first time it can be purchased instantly with a wide variety of cryptos and without having to submit an ID since there are no minimum or maximum limits on trades.
Unrestrictive Crypto Trades
Evonax makes crypto trading easy by removing the complexity involved, allowing buying and selling popular coins with a click of a button.
The best part is that Evonax does not require registration or KYC and this allows anyone to trade with trust and ease.
Examples of popular cryptocurrencies listed by Evonax include Ethereum (ETH), Bitcoin (BTC), ChainLink (LINK), Bitcoin Cash (BCH), Dogecoin (DOGE), and now, SHIBA INU (SHIB).
SHIBA INU price expected to shoot higher
SHIBA INU price has been on the increase its popularity rises and it gets listed on more and more exchange platforms.
The SHIBA INU ecosystem recently got a momentum boost after a partnership with major crypto payment provider NOWPayments making it possible to accept SHIB as a form of payment in their system.
CEO of Evonax.com, Nikolaj Rosenthal said,
“I think we are seeing a new real competitor to DOGE and the community around it with SHIBA INU. As of now, market data shows that longs are in profit, while there seem to be very few short-sellers on the market. As of now, we see huge interest in SHIBA INU and decided to add it to our community and give our customers an easy opportunity to get in or out.”
Evonax is a non-custodial cryptocurrency exchange that does not store funds on behalf of the customer since its operation in 2016.
Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
(THIS JUST IN AS WELL!)
“I think we are seeing a new real competitor to DOGE and the community around it with SHIBA INU. As of now, market data shows that longs are in profit, while there seem to be very few short-sellers on the market. As of now, we see huge interest in SHIBA INU and decided to add it to our community and give our customers an easy opportunity to get in or out.”
Evonax is a non-custodial cryptocurrency exchange that does not store funds on behalf of the customer since its operation in 2016.
Invest in crypto, stocks, ETFs & more in minutes with our preferred broker, eToro
$shib is breaking the internet. The #shibarmy is growing fast!!!!
“BARK LOUD”
$shib is breaking the internet. The #shibarmy is growing fast!!!!
— Shannon Bray 🪙 (@ShannonBrayNC) October 27, 2021
Today is going to be a HUGE day for #ShibaArmy!
THANK YOU FOR BEING A PART OF OUR COMMUNITY!
In any event, the ‘Kindly request of Robinhood to list Shiba Inu coin!’ petition to list Shiba Inu on Robinhood has gotten tens of thousands of new signatures in the last few days.
Tristan Luke, the petition’s creator, stated in a Change.org update over the weekend after reaching the 420,000-signature mark: “This, in my opinion, is a success. You guys did a fantastic job. This is very incredible.” Despite its popularity, the petition has yet to accomplish its main goal: convincing Robinhood to allow customers to trade Shiba Inu tokens.
Shiba Inu would be accessible to the platform’s 18.9 million monthly active users if it was listed on Robinhood.
Dr Joe Reed Claims Robinhood will List Shiba Inu on November 1, Shares 'Insider' Screenshot
https://www.ibtimes.sg/dr-joe-reed-claims-robinhood-will-list-shiba-inu-november-1-shares-insider-screenshot-61040
Shiba Inu Investors Riding High
By:Olumide Adesina
Updated: Nov 1, 2021, 09:00 EDT•2min read
https://www.fxempire.com/forecasts/article/shiba-inu-investors-riding-high-794962
Shiba Inu uptrend cryptocurrency. fxempire
Investing in memes has now been a viable option for crypto investors in 2021. Retailers are attracted to lower-priced tokens
SHIB momentum gets stronger
#ShibArmy, our very own @kaaldhairya has confirmed and verified the Tesla code. Here are some of his comments on the acknowledgement.. https://t.co/CMYFkOrbgO
— Shib (@Shibtoken) November 1, 2021
Why is Shiba Inu (SHIB) seen on Tesla’s website code?
Ibiam Wayas by Ibiam Wayas Nov 01, 2021 at 10:13 am Reading Time: 3 mins read
Explained: Why is Shiba Inu (SHIB) seen on Tesla’s website code?
https://www.cryptopolitan.com/why-is-shiba-inu-seen-on-tesla/
Shiba Inu (SHIB) has been spotted on Tesla’s website code for payment options, alongside Bitcoin.
Although the code is not live, this could be the company wants to resume accepting crypto payments with the two cryptos.
However, some are worried this could be a troll from the Tesla team.
Judging by what is seen on Tesla’s website back-end code, the now-largest dog-themed digital currency, Shiba Inu (SHIB), might become the first meme cryptocurrency to launch on Tesla for payments – outrunning Dogecoin (DOGE).
Bitcoin, Shiba Inu, spotted on Tesla website code
Recall in Tesla’s September quarterly filing with the SEC; the company mentioned that they might “in the future restart the practice of transacting in cryptocurrencies.” As part of the move to reinstate the crypto payment service, Tesla added Bitcoin and Shiba Inu to their website’s payment processing system code, although the functions are currently not live.
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The literal meaning to this is that the electric car company might be planning to support SHIB as part of its cryptocurrency payment options, and this will be bullish for the Shiba ecosystem if true. On the other hand, the development has left people wondering if that could be a troll from Elon Musk or Tesla officials.
DOGE is seen as Musk’s favorite cryptocurrency, and he recently became part of the Dogecoin team. Hence, some people don’t believe the world’s richest man would forgo Dogecoin to accept payments in Shiba Inu. On October 24, he confirmed holding Bitcoin, Ether, and Dogecoin, but not any SHIB.
SHIB momentum gets stronger
There have been lots of bullish news for SHIB in the past week, which has incited more demand and interest on the token. The price of SHIB has increased by over 800 percent in the last 30 days, following several developments, including exchange supports, the Shibotoshi NFT project, and most importantly, the anticipated launch of SHIB on the trading platform Robinhood.
The number of petitions signed for Shiba Inu to list on the platform has significantly increased. The ShibaArmy are hopeful that Robinhood and Tesla support could drive a $1 SHIB. It remains to be seen how much of an impact these developments would make to the token when they are realized.
$shib is like holding a child with infinit power.
MASSIVE SHIBA INU BREAKING NEWS!
Shiba Inu (SHIB) number 3 after Bitcoin and Ethereum!
By My Booklet - October 31, 2021
https://www.mon-livret.fr/shiba-inu-shib-numero-3-apres-bitcoin-et-ethereum.html
Shiba is now the most popular meme currency among traders. The play developed at a rapid pace, eclipsing competitors and important players in the process.
Shiba Inu once again surpassed Dogecoin in terms of market capitalization. Digital currency is increasingly accepted by financial institutions at a rapid pace.
SHIB owners now have even more reasons to be happy. Adam Aron, CEO of AMC Entertainment, has conducted a new study. Should the company consider Shiba Inu as a cryptocurrency in addition to Bitcoin, Ethereum, Litecoin and Dogecoin? SHIB received 79.8% of the votes cast in the election.
Robinhood's list
In addition, Shiba Inu is now accepted as a means of payment in a Parisian restaurant. Shib's IPO on Robinhood is expected next week. SHIB is now the third most sought-after cryptocurrency on Google in 2021, behind BTC and ETH.
According to Coingecko, the currency itself is traded at $0.0007247, representing a 7.2% increase in its value with a market capitalization of $39,861,549,365. The total volume of exchanges for the day was $9,859,081,557.
The weekend is critical for the growth of currency even. She must maintain a level of support above $0.00006. Depending on the market, a decrease from there could bring it to $0.00004-$000037. The recovery seems difficult in the short term. In addition, it could take 6 to 8 months to reach its peak. But the fundamental trend remains the same Shiba is imposing itself in the TOP 10 cryptocurrencies with increasing acceptance, it is no longer a phenomenon, it is a reality.
A Shiba Inu Coin Article is Top Story on The Robinhood App!
CELESTE HEDERAOCTOBER 31, 20211 MINUTE READ
https://stupiddope.com/2021/10/31/a-shiba-inu-coin-article-is-top-story-on-the-robinhood-app/
Cryptocurrency Prices Today: Bitcoin, Ethereum fall nearly 2%, Shiba Inu, XRP rise
https://www.moneycontrol.com/news/business/cryptocurrency/cryptocurrency-prices-today-bitcoin-ethereum-fall-nearly-2-shiba-inu-xrp-rise-7659211.html
(DOES ANYONE KNOW WHAT HAPPENED TO CAPTAIN JACK0501?)
Kindly request of Robinhood to list Shiba Inu coin!
446,523 have signed. Let’s get to 500,000!
53,477 TO GO!
At 500,000 signatures, this petition becomes one of the top signed on Change.org!
AMC TWITTER POLL 2 DAYS 15 HOURS LEFT!
I HAVE NO DOUBT IN MY MIND THAT WE WILL BUST THROUGH .0001 SOON!
Shiba Inu is now valued higher than Nissan and LG Electronics
Shiba Inu flips Dogecoin on Coinbase
SHIBUSD technical analysis
SUMMARY: BUY!
OSCILLATORS: BUY!
MOVING AVERAGES: BUY!
NUMBER OF HOLDERS GROWING!
eToro expands its crypto offerings in Australia with 15 extra assets, plus staking Coinhead
39 minutes ago | Rob Badman
https://stockhead.com.au/cryptocurrency/etoro-expands-its-crypto-offerings-in-australia-with-15-extra-assets-plus-staking/
Global multi-asset investment platform eToro has good news for its Australian crypto investors, adding 15 more assets to buy, trade and HODL, as well as soon introducing staking functionality for passive yield generation.
With the new additions, eToro, which has offices in the UK, US, Cyprus and Australia (Sydney) and more than 23 million users globally, can now offer 36 different cryptocurrencies to Australians.
The new tokens include: Solana (SOL), Polkadot (DOT), Cosmos (ATOM), The Graph (GRT), Curve (CRV), 1inch (1INCH), Maker (MKR), Enjin (ENJ), Shiba Inu (SHIB), Dogecoin (DOGE), Filecoin (FIL), Aave (AAVE), Compound (COMP), yearn.finance (YFI) and Decentraland (MANA).
The growing number of dog-meme supporters will be pleased with at least a couple of the new additions…
According to an announcement, eToro’s Australian users opening crypto asset positions “can now purchase the underlying asset”. And, from November 1, they’ll also be able to earn monthly staking rewards on their Cardano (ADA) and TRON (TRX) investments, through eToro’s new staking service.
eToro’s Australian Managing Director, Robert Francis said: “eToro has been a pioneer in the crypto markets and we are excited to observe more Australians dipping their toes into this emerging asset class.
“The crypto ecosystem is expanding with the emergence of new altcoins and as a result we are seeing Australian investors looking at crypto beyond a store of value, instead using it as a way to diversify their portfolios beyond traditional assets like stocks, in order to hedge against risks such as inflation.”
Solid additions to eToro bullpen: SOL, CRV, SHIB pumping
eToro’s new crypto additions have some notably solid recent gainers. The layer 1 smart-contract platform Solana, for instance, hit an all-time high yesterday, reaching US$219. Cosmos, too has been gaining some traction of late, up more than 20 per cent over the past 14 days.
Meanwhile another high-profile layer 1, Polkadot, is building buzz ahead of its parachain crowdloan event on November 11, which many believe could be a major price catalyst for the DOT token heading into the last couple of months of the year.
DeFi DAO favourite Curve is another on a bit of a tear this week, too, having busted above its previous yearly high set back in April. It’s up 17 per cent in the past 24 hours and more than 75 per cent across the past week.
With more than 89 per cent of its supply now locked up in DeFi protocols, CRV tokens have clearly been in high demand for the protocol’s high-yield-enabling utility, much like yearn.finance (YFI).
In terms of gainers in eToro’s newly added crop of coins, however, nothing quite beats the remarkable rise of Shiba Inu, recently dismissed by Michael “Big Short” Burry as “pointless“.
The SHIB token recently surged to no.11 on the market cap lists, and has clocked a 544 per cent gain over the past month, not to mention being up a staggering 55,366,343.7 per cent over the period of one year.
Don’t even torture yourself trying to work out the sort of money you might’ve made if you’d thrown some spare change at it 12 months ago and HODLed.
Can SHIB really keep rocketing from here, though, with a market cap now above 23.5 billion? That’s the question those speculating on this one probably need to ask themselves.
Oh, and just a timely reminder to finish on here, from eToro’s MD Robert Francis again…
“As we continue to strengthen our crypto offering Down Under, we urge investors to keep in mind that crypto is a highly volatile asset class. Investors should remember the basic tenets of investing: diversify, understand what you are investing in and never invest more than you can afford to lose.”
Shiba Inu Generates 1 Million Tweets (IN ONE DAY!) as Price Keeps Hitting Fresh Highs
IN ADDITION TO THAT:
Another factor that could be driving SHIB’s price is its increasing popularity in East Asia. Although trading in cryptocurrencies in China is prohibited, in practice the Chinese find other ways to gain access to the market. Google Trends shows that the search for cryptocurrency in the country is almost as high as in the United States.
https://playcrazygame.com/2021/10/28/shiba-inu-shib-surpasses-dogecoin-doge-in-the-coingecko-ranking-understand-the-high/amp/
The last several weeks have seen Shiba Inu (CCC:SHIB-USD) and Floki Inu (CCC:FLOKI-USD) rise to prominence, both with the goal of overtaking the coin that sparked their creation.
#FLOKI just got featured in the Financial Times!
— FLOKI (@RealFlokiInu) October 27, 2021
The Financial Times is one of the world's largest business publication, and they just did a dedicated $FLOKI feature looking at our aggressive marketing initiatives:https://t.co/U2TUJi6Ctb
Retail Is Here, They’re Just Buying Shiba Inu (SHIB) Instead of Bitcoin
Author: Jordan Lyanchev
https://cryptopotato.com/retail-is-here-theyre-just-buying-shiba-inu-shib-instead-of-bitcoin/
Last Updated Oct 31, 2021 @ 18:37
While bitcoin is yet to see the return of retail investors, Shiba Inu has taken center stage, according to Google Trends.
Retail investors have always played a major role in the cryptocurrency space, but it seems they are yet to arrive at the Bitcoin scene now; at least, this is what Google searches show for the largest cryptocurrency. Simultaneously, it seems they have a new favorite – Shiba Inu.
Retail Are Not Here for Bitcoin
Bitcoin and retail investors have frequently moved hand in hand. Back in 2017, when the cryptocurrency charted its then ATH of $20,000, smaller investors were primarily behind the rally.
Something similar transpired three and four years later as when BTC tapped its April ATH, the Google searches – typically a valid indicator of retail behavior – spiked once more.
However, the situation seems quite different now. As reported a few weeks ago, the number of queries on the world’s largest search engine containing either “bitcoin” or “buy bitcoin” was still relatively low. Yet, the asset went on to register a new all-time high of $67,000 shortly after. The searches barely increased despite the new record.
Bitcoin Worldwide Google Searches. Source: Google Trends
Bitcoin Worldwide Google Searches. Source: Google Trends
Similarly, the situation with another popular query “buy bitcoin” stays relatively low. The number of such Google searches picked up earlier this year amid the previous peaks but has barely increased before and after the most recent one at $67,000.
Instead, they are now primarily searching for the self-proclaimed DOGE killer – Shiba Inu.
Shiba Inu (SHIB) Google Searches 12M Back. Source: Google Trends
Shiba Inu (SHIB) Google Searches 12M Back. Source: Google Trends
As the graph above demonstrates, Shiba Inu’s projected weekly queries will smash the previous ATH, which came earlier this year. In fact, they will surpass it in the same dominant fashion as the asset’s price charted a new record earlier this week – roughly double up.
This coincided with the recent boom of Shiba Inu. Launched as a meme coin last year, it has seen impressive growth in terms of adoption from retail, including the massive SHIBArmy – currently represented by hundreds of thousands of fans.
The cryptocurrency is arguably the best performer since the start of the year, with a mind-blowing ROI of more than 100,000,000% (you got that right, one hundred million percent).
The chances of such an impressive surge to slip up the minds of retail investors, many of whom aim for quick profits, are pretty slim.
Nevertheless, the cryptocurrency community has seen many similar trends come and go, many of which resulted in mass pain for those who were late to the party. This doesn’t necessarily mean that the same faith could reach Shiba Inu as well.
However, future investors should focus on doing proper research to look for fundamental reasons why they want to buy a particular asset instead of going after what’s currently hot.
Jordan Lyanchev
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Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn
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