1.8 million people have now added SHIB to their watchlist on CoinMarketCap beating Dogecoing (DOGE) by more than 200,000.
SHIB is currently trending on Twitter as SHIB news was released that developers had launched an updated version of their ecosystem website today.
The Shiba Inu community has now grown to an astonishing 3.6 million on Twitter.
The community had achieved its first million milestone in October of 2021 when SHIB reached its second all-time high.
Some of the biggest SHIB news leading to the new year included the cryptocurrency getting listed on Kraken and eventually trading on Robinhood.
Today, the SHIB community is waiting for the next major gainer during the next bull run.
Here’s what’s happening with SHIB.
SHIB Army Expansion
The SHIB army continues to expand, sharing its uniqueness with other likeminded communities.
PlaySide Studios has partnered with Shiba Inu Games in such an early phase of the cryptocurrency and gaming development.
PlaySide said it continues to collaborate with strategic partners to develop games using the latest trends that are shaping the future of the gaming industry.
“With booming global trends such as the metaverse and the growing popularity of new technologies including cryptocurrencies, nonfungible tokens (NFTs), and blockchain gaming; new opportunities in games continue to emerge.”
Gaming seems to be a big niche where blockchain technology is headed to grow the industry.
Companies such as GameStop have now begun to dive into this process through their NFT Marketplace.
SHIB Price Changes in the Last 24hrs
Shiba Inu coin is currently up 3.20%.
Its market cap is up 3.25%, with trading volume at 109 million.
The ‘meme token’ currently ranks at #15 on CoinMarketCap and #12 on Coinbase.
Are you holding SHIB?
If so, how many millions?
What are you most excited for the community in 2023?
Leave a comment down below.
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$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.
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.