SHIB gained massively as its rival Dogecoin was trending last week. You are probably aware of the hype that surrounded DOGE over the weekend.
Shiba Inu has new highs, rising by about 2100% in three days. The coin’s total value rose from $35 million to about $13 billion. That is a higher surge than any of Dogecoin in 2021.
What do SHIB and DOGE have in common? Both are meme-based virtual assets. However, the two tokens have exceeded the expectations of many with new highs that might attract your attention. For now, every trader and investor in the cryptocurrency market wants to try his luck with these products. What about you?
You cannot deny that DOGE’s market approach lies with Tesla CEO Elon Musk. Referring to himself as the Dogefather, the executive played a vital role in promoting Dogecoin prices.
Elon Musk posts daily about Dogecoin on his Twitter account. In response, the crypto community purchases more DOGE, increasing its value. Most individuals in the crypto community depend on Musk’s tweets to decide whether to buy or sell the crypto.
Reasons to Purchase SHIB coins
- You can Purchase Billions of the virtual coins
Currently, SHIB values at around $0.00003398. With that, you can purchase about 29, 429, 075 Shiba Inu coins with your $1,000. That is in no way close to assets like Bitcoin, where you can only get a fraction with your $1,000.
- Promising Price Movements
You cannot disagree that SHIB has a promising future. Keep in mind that the coin gained 2100% in three days, with the market cap rising to about $13 billion. That indicates that the asset has the potential to get you profits. However, you understand how volatile digital coins are. Prices may switch to a downward trend within minutes.
- Perfect for the long-term forecast
If you want to have peace as a crypto investor, use the long-term speculation strategy. You can buy more tokens with a lower SHIB value, making the digital coin perfect if you are a HODL fan.
Do you think that SHIB is a perfect investment option at the moment? Where do you see this virtual coin soon? Will it increase in value? Use the comment section to give us your opinion.
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