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CRYPTOCURRENCY
The influence of celebrities and enthusiasts on cryptocurrencies is extremely huge. So far, it has created a whole social media sentiment across the globe.
Generally, cryptocurrencies’ price is determined by supply and demand. When it comes to Shiba Inu, there are more than enough tokens to address the growing demand.
While cryptocurrencies like Bitcoin and Ethereum are priced at US$40k and US$3k respectively, buying a single token might be a big task for a commoner.
Many people think that SHIB is riding the growth wave of Dogecoin. However, DOGE gave a spike to Shiba Inu in the first place, but the memecoin found its own way.
The anonymity behind Satoshi Nakamoto is already unsolved. However, according to some experts, the unknown founder is a major reason behind Bitcoin’s growth.
The hype is eventually turned into Fear of Missing Out (FOMO), which makes people go completely berserk for the tokens.
Although Shiba Inu has a good ecosystem already, its upcoming feature Shibarium, is expected to add even more advantages to the ecosystem.
In the much-admired cryptocurrency world, there are over 13,000 tokens in circulation. Every day, at least 50-100 tokens are getting launched.
Recently, Shiba Inu followers created an online movement by signing a petition demanding Robinhood to enlist SHIB in it.
Even though SHIB just joined the bandwagon of cryptocurrencies that stand as DOGE competitors, during the October price rally, it proved to be really one.
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