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  4. Shiba Inu Surges Over 30%, At Highest Since April
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Shiba Inu Surges Over 30%, At Highest Since April

After the bearish lull experienced by the crypto market, Shiba Inu’s upward trend has pleasantly surprised investors. SHIB has surged over 30% in the last few days,...
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Shiba Inu Surges Over 30%, At Highest Since April © Reuters Shiba Inu Surges Over 30%, At Highest Since April

After the bearish lull experienced by the crypto market, Shiba Inu’s upward trend has pleasantly surprised investors. SHIB has surged over 30% in the last few days, touching its highest since April 2022.

A number of large whales buying SHIB led to the surge in its volume. The loyalists of the token, popularly known as SHIB Army, have been celebrating the fact that SHIB has overtaken Avalance to become the 12th largest cryptocurrency in the world, as $1.5bn enters SHIB’s market cap.

Whalestats, the website that provides free data on crypto whales, has tracked over 100 whales for Shiba Inu and revealed that SHIB has 1,207,269 holders. Going ahead, investors are expecting a lot of price action as the market anticipates the surge to go up to 40% to 50%.

As more and more capital pours into the cryptocurrency space, all the big tokens are going to see a positive impact. Market analysts seem to think that Shiba Inu, the Ethereum-based altcoin, has a major catalyst right now – the upcoming launch of their layer two Shibarium.

Recent Developments Before SHIB’s Surge

Recently, the company released Shiba Eternity – a card game which has been in development for over two years. The card game is also being tested live in Vietnam and could go to Indonesia next.

SHIB also tweeted, “​​We are pleased to announce that Binance has added SHIB to the list of supported tokens for the Binance Card issued in Europe.”

The SHIB army is also celebrating the fact that Shiba Inu has overtaken Dogecoin on Twitter (NYSE:TWTR), in terms of followers.

On the Flipside

  • The Twitterati is wondering if they should sell SHIB before Shiba Inu launches Shibarium.

Why You Should Care

The investors seem to think this is just the beginning for SHIB as they expect it to be the number one token soon.

Similar Articles on DailyCoin:

Shiba Eternity Released on Apple (NASDAQ:AAPL) Store, Coinbase (NASDAQ:COIN) Users on SHIB Buying Spree

Gnox (GNOX) Attracting Dogecoin (DOGE) And Shiba Inu (SHIB) Holders After Stong Presale Performance

Continue reading on DailyCoin

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31-03-2024 10:19:50 (UTC+7)

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1.0793

+0.0006 (+0.06%)

Summary

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Moving Avg:

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Indicators:

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EUR/USD

1.0793

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86.99

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
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 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
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Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(7,910/ 8,080) # 1,364
SJC HCM7,830/ 8,080
(0/ 0) # 1,364
SJC Hanoi7,830/ 8,082
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SJC Danang7,830/ 8,082
(0/ 0) # 1,366
SJC Nhatrang7,830/ 8,082
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SJC Cantho7,830/ 8,082
(0/ 0) # 1,366
Cập nhật 31-03-2024 10:19:52
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E5 RON 92-II23.21023.670
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DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
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WTI$82.82+5.390.07%
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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