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Shiba Inu Is Just Getting Started, How Far Will SHIB Go? By CoinQuora

by Mike Robinson

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Shiba Inu is Just Starting, What Will SHIB Do?
  • It looks like (SHIB), has a lot to look forward too.
  • Shiboshi NFTs are envisioned as a fair-burning mechanism.
  • Nayib Bukele — President of El Salvador, also helped draw attention to the meme coin.

Shiba Inu (SHIB) has been the token on everyone’s mind these last few days. All crypto markets have been noticing recent token activities. SHIB’s price jumped exponentially just a few days back.

The price of Shiba Inu has increased by 217.7% over the past 7 days. Currently, Shiba Inu’s price stands at $0.00002725. The data shows that Shiba’s (SHIB), price is slowly approaching $0.00003791, which was set at May’s record.

Analysts believe that SHIB will soon have a new ATH. Since many expect and other altcoins to hit new ATHs soon, this expectation isn’t much of a stretch.

Google (NASDAQ.) Trends shows us that SHIBs popularity scores in May were 100. The score now stands at 99. It is possible that a brand new ATH will be announced in the near future.

Comparatively, (DOGE’s) popularity is lower. SHIB is now more popular than DOGE. SHIB has almost equaled Bitcoin’s popularity score at the moment.

Shiba Inu’s Twitter (NYSE:) community has also been abuzz. Shytoshi Kusama’s many recent tweets point to much activity coming SHIBs way. For instance, Shytoshi hints at big changes that’ll have the whole industry following SHIB’s lead.

Shytoshi may be referring to the Shiboshi NFTs but it could also refer to a variety of other things. One of the community’s hope is for a practical way for burning SHIB. Perhaps a video game which allows token burning is a good option. It will also increase the growth potential of SHIBs.

SHIB whales, on the other hand, have been extremely active recently. A whale moved more than 6 trillion SHIB before the price surge. WhaleStats indicates that SHIB was the most-popular ETH token in October.

Finally, more interest for SHIB came from El Salvador’s President — Nayib Bukele’s tweet. He tweeted that he had a surprise in store for all and included dog print emoticons. The crypto- and SHIB communities were thrilled by this tweet. Some thought that El Salvador may accept SHIB just like BTC.

Although the surprise wasn’t about SHIB it drove much interest in SHIB. The unwavering support from the SHIB community, was also impressive. This is a good sign for it shows the strength and backing that comes from SHIB’s community.

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