$SHIB has taken over Twitter, Reddit, and mainstream media. Shiba Inu coin continues to break all time high records.
The crypto soared as high as $0.00007488. SHIB was just below $0.00003600 this past weekend.
SHIB shows no signs of wanting to slow down.
The market cap is currently sitting at an astounding $27.5 billion dollars with more than 85% of retail investors buying the cryptocurrency versus 15% selling it.
Is it too late to get in on it? Let’s find out.
Welcome to Franknez.com – the blog where you can find the latest on crypto, stocks, and market news. Today I’m discussing Shiba Inu coin breaking all time high records and where this crypto investment could go.
Let’s get started!
Shiba Inu Coin Gains Traction
After reaching more than 1 million followers on Twitter, the SHIB Army celebrates this amazing runup.
But is it done?
I personally don’t think so.
SHIB has gained massive attention from retail investors holding both ‘meme stocks’ and ‘meme tokens’.
The cryptocurrency is trending on social media and continues to attract new money to its community.
The momentum we’re currently experiencing is due to an influx of retail investors looking to multiply their investments early while the crypto is still below a cent.
With Shiba Inu coin trading only fractions of a penny, a small investment can earn you several million Shiba Inu coins.
Any upward price movement is multiplying SHIBA holders relatively quickly, and largely.
How High Will Shiba Inu Coin Go?
Shiba Inu coin has been breaking all time high records every day since it began running up last weekend.
Early adopters of the cryptocurrency are up significant amount of gains.
However, quick sellers might regret getting off this train a little too early.
See, retail investors are looking at SHIB long-term.
How long? Enough to see millions in profits.
SHIB army is looking to take profits around $0.01-$0.05 with many even looking at $1.
Skeptics are thinking too short-term.
Not to mention, SHIBA could see burning of the circulating supply again which would increase the value of SHIB almost instantaneously.
Shiba Inu coin has enough traction at the moment to eat a zero by the start of the new month, November.
And when it does, this news catalyst is going to draw in a massive wave of retail that will play a major role in eliminating a second zero.
At this stage, getting to $0.01 will be easy.
Momentum Crashes Coinbase
With masses of people viewing the rise of Shiba Inu on Coinbase, the platform experienced momentary technical difficulties.
Coinbase is one of the few crypto exchanges where you can currently purchase Shiba Inu coin.
Coinbase isn’t the only one that was down today, coinmarketcap has also been facing technical difficulties from the traffic.
A petition on Change.org is calling for Robinhood to list the cryptocurrency on its platform.
Something to keep in mind is that SHIB is making these tremendous moves without Robinhood.
When Robinhood does list this cryptocurrency on its platform, I think it’s safe to say the exposure will result in continuous massive runups.
Shiba Inu coin increased 40% when Coinbase listed it to the platform back in 2017.
Is SHIB done reaching all time high records?
Shiba Inu coin is going to continue to set new all time highs beating record after record.
Every day we’re seeing massive runups and I think we’re going to see this momentum continue until certain price goals are being met.
Is It Too Late To Buy Shiba Inu Coin?
This depends on your price target. If your conviction is pointing towards a $0.01 price target or higher, now is the perfect time to buy.
There is so much upside to a cryptocurrency such as SHIB. Especially when you look at the incredible possibilities that both Bitcoin and Ethereum have shown us.
When BTC and ETH were worth only cents, most people underestimated their massive potential.
To underestimate Shiba’s potential is a mistake in my personal opinion.
Early shareholders have made stock investors millionaires, early crypto adopters will share a similar fate.
Here’s Why Shiba Inu Will Keep Going Up
Shiba Inu coin is going to keep reaching all time highs because it’s a very strong project.
SHIB is a strong supporter in the NFT and blockchain realm.
NFTs are changing the world with how we transfer exclusive information, mainly via art.
Not to mention, blockchain technology is the future of safe record storing and cryptocurrency technological advances.
Here are a few of the projects SHIB is taking on as an innovator:
ShibaSwap: ShibaSwap is a decentralized exchange (DEX) currently in development by Shiba Inu, and the project represents the clearest indication that Shiba Inu has loftier ambitions than developing memecoins, via. Gemini.
This decentralized exchange is meant to provide users with a safe platform to trade cryptocurrencies.
Shiba Artist Incubator: Shiba Inu is launching an NFT marketplace for NFT artists to sell their work.
If you aren’t too familiar with these digital artworks, they get bought and sold from anywhere between tens of thousands of dollars to even millions.
Gary Vaynerchuck from VeeFriends has sold his art for well over $70k.
Sponsorship on Rover To Mars: SHIB just announced their ‘sponsorshib’ with Nexus Aurora who are taking on a project developing a rover to explore mars.
What Is SHIB’s Next Price Target?
SHIB is getting extremely close to eating another zero.
With continuous momentum, this cryptocurrency is going to keep setting new all time highs.
SHIB’s market cap is growing incredibly fast.
How soon it reaches 100 billion, 500 billion, then 1 trillion like Bitcoin will depend on how big the community grows.
Shiba Inu has an incredibly bright future and I believe that it’s sustainability will highly depend on the community and innovations behind the project.
Are You Holding Shiba Inu Coin?
Let me know in the comment section below. Did you just get in or have you been holding the cryptocurrency for quite some time?
What are your thoughts on the future of SHIBA? Will you be holding long-term?
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