![]() It still has a ways to go to catch up with Dogecoin, which stands at the ninth-largest crypto SHIB has just over $18 billion in capitalization, while Dogecoin has nearly $35 billion. Meanwhile, SHIB developers are using the spotlight to call attention to their other tokens, LEASH and the governance token Bone (CCC: BONE-USD). Users adorned with Shiba-logo profile pictures are lauding their gains since getting in early on the token. The #ShibaArmy is trending on Twitter once again this morning after the momentous gains. This makes SHIB the eleventh-largest cryptocurrency in the world by capitalization. Today’s multi-billion-dollar pump is supplying the SHIB token with enough market cap to overtake Terra (CCC: LUNA-USD) in size. In fact, this consistently astonishing volume is helping Shiba Inu to look like a legitimate contender for the pupcoin crown. Obviously, the SHIB token is seeing absolutely massive trading interest when considering its valuation against trading volume. Shiba Inu Price Predictions Make SHIB Look Like a Legitimate ‘Dogecoin Killer’ For reference, that’s one-eighth of a cent the new all-time high comes on a day when SHIB trading volume exceeds $9 billion. In a continuation of the major bull run, SHIB values today are reaching a new all-time high of $0.000049. ![]() ![]() October saw values skyrocket, with SHIB shedding zeroes from its valuation and passing its May all-time high. Come September, that transaction volume averaged between $1 billion and $20 billion, an astronomical figure for a token worth a small fraction of a penny. SHIB spent much of the summer chasing the high, and its community continued pumping capital into the project, moving million of dollars worth of SHIB by the day. The SHIB token is reaching yet another all-time-high milestone and broaching much discussion on Twitter.Īfter an all-time high in May, a market correction sent the whole crypto market into turmoil. Today, though, that promise is closer to fulfillment than ever. The token, created in response to Dogecoin (CCC: DOGE-USD), promises to its holders that it will be “the Dogecoin killer.” In doubling-down on this statement, the Shiba Inu token ecosystem even launched another token literally called Dogecoin Killer (CCC: LEASH-USD), which users can earn by staking their SHIB. Marketing materials: Firms may overstate the returns of products or understate the risks involved.The SHIB token grew up in relative obscurity through late 2020 and early 2021.Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.Converting a cryptoasset back to cash depends on demand and supply existing in the market. There is no guarantee that cryptoassets can be converted back into cash. Product complexity: The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks.Price volatility: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.Consumer protection: Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.Investing in any cryptocurrency is risky - here we round up what you need to know. What are the risks of investing in crypto?
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