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.
You can follow me on Twitter for daily market news and updates.
There’s no denying that cryptocurrencies have had unmatched popularity over the past few years. As of February 2022, there are about 10,000 different cryptocurrencies in circulation, and this number is growing at an unprecedented pace.
Such pace has further fueled the growth and development of blockchain technology, with projections suggesting the international blockchain market will reach a value of $23.3 billion by the end of 2023.
Despite this growing prevalence and popularity of cryptocurrencies, widespread confusion still remains associated with them.
Are you someone with a similar confusion too? Let’s take this opportunity to better understand cryptocurrencies and what they are all about.
Cryptocurrencies are decentralized digital money based on blockchain technology and secured by cryptography. Three primary terminologies make cryptocurrencies what they are. These terminologies include decentralization, blockchain, and cryptography.
Decentralized money is very different from fiat currencies backed by governing authorities such as banks and governments. With cryptocurrencies, there is no authority to take responsibility for the ups and downs in the prices of cryptocurrencies. This enables people to carry out their transactions based on cryptographic evidence instead of trust.
Blockchain is a digital ledger with distributed access among authorized users. This technology is used to record transactions associated with assets, which is cryptocurrency. Blockchain offers unrivaled transparency about all the information regarding crypto transactions. This recorded information cannot be tampered with or modified even by the administrators, making it one of the most secure ledgers.
Cryptography is a process of using encryption technologies to protect data from unauthorized access. The defining characteristics of cryptocurrencies, such as immutability and privacy, are the result of cryptography.
Cryptocurrencies were initially introduced in 2009 in the form of Bitcoins. The currency was created by a group of individuals who go by the pseudonym of Satoshi Nakamoto. However, even after its successful launch, it would take years before Bitcoin gained formal recognition and the prominence it boasts today.
How Does Cryptocurrency Work?
As mentioned earlier, cryptocurrencies are not regulated or backed by any authority. Therefore, this works outside the conventional banking system. So, let’s get a better understanding of the working principles of cryptocurrencies.
Mining is a digital process where one can generate cryptocurrencies by solving complex mathematical puzzles. One will require potent and specially equipped commuting systems to solve these puzzles and get Bitcoins in exchange. This process is very complex, and it can even take thirty days for one to complete the process ideally.
Buying, Selling, And Storing Cryptocurrencies
Fortunately, one does not have to deal with the complexities of mining to get their hands on cryptocurrencies. The more straightforward way to get cryptocurrencies is to purchase them from crypto exchanges or other platforms.
Once bought, cryptocurrencies can be stored in digital wallets, which can be either hot or cold wallets. The hot ones are connected to the internet, while the cold wallets are safer as they are not connected to the internet.
Investing Or Transacting
Transferring your cryptocurrencies from one digital wallet to the other is very simple. All you will need is a smartphone and access to the internet to transfer your cryptocurrencies. There are also many platforms where you can exchange your cryptocurrencies with fiat currencies. Other than that, you can also get crypto debit cards to withdraw cash, just as you do in an ATM. Aside from that, an increasing number of businesses are accepting cryptocurrency payments.
Crypto payment getaways, such as Coingate, provide secure crypto storage and transactions, making your financial life with cryptocurrencies safe, fast, and more convenient.
How Did Cryptocurrencies Become So Popular?
Everybody is aware of the growing popularity of cryptocurrencies, and there are many factors fueling that factor. These factors include the low transaction fees, as crypto transactions are much cheaper than conventional transactions.
Other than that, the enhanced control and security offered by cryptocurrencies as a single private is the only way to access the cryptocurrencies. This is much appreciated by crypto users who have been battered by the uncontrollable ups and downs of the conventional financial market.
However, the most crucial factor behind the growing popularity of cryptocurrencies is the profit potential. Many people have made great fortunes through crypto investments making it an appealing investment.
Conclusion: Should I Invest in Cryptocurrency?
Cryptocurrencies come with numerous advantages making them a safe investment for many. However, they also have their fair share of disadvantages. A couple of qualities shared cryptocurrencies, such as their decentralized nature, unmatched privacy, and security. In addition, the limited and regulated supply of cryptocurrencies makes them a profitable investment.
However, one must not get carried away with these qualities because investment in cryptocurrencies also comes with risks. The highly volatile nature of these currencies makes it very challenging to predict their future value accurately.
Given these factors, it is always best if investors weigh the pros and cons and take calculated risks to invest in cryptocurrencies. Calculated risks can increase the chances of making a profit on your investment.
$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.