32 billion shib tokens dumped! Shiba inu rebounds 40% shib coin will rise more - The Comprehensive Minds

32 billion shib tokens dumped! Shiba inu rebounds 40% shib coin will rise more

shib tokens dumped


Shiba Inu Coin is back again with the uptrend after some recent price correction. Shiba Inu is all green with an approximate profit of more than 18% in the last 24 hours. The last few days were quite tough for shib and we observed some consolidation because of a massive sell-off of 31 billion Shib tokens by whales. 


But again, Shiba Inu is showing a reverse uptrend. On other hand, crypto experts are confident that Shib will flip Cardano out of its rank. What happened exactly?. Why Shib can easily kill Cardano after dogecoin?. These questions will be answered today, we will also check what is coming this for Shiba Inu? and why everyone must consider Shiba Inu seriously?


The second-largest meme cryptocurrency Shiba Inu is steadily recouping the losses incurred last week, following a massive token dump by whales. Last Thursday, Shiba Inu underwent the largest single-day correction of over 42%, which dragged down the price back to the lower range of 210 satoshi units.



Santiment data


For instance, the cryptocurrency crashed by over 40% on Oct. 7 as Shiba Inu's addresses worth 1 million to 10 million shib dumped over 31 billion tokens, the largest in six months, as per Santiment data. This is still interesting to note that, Shib took the load and bounced back and is again running on profits. In this bearish run, many shib holders sold off their tokens in rush.  



We have great news about Cardano and Shiba Inu Coin. 


Why do many crypto experts believe that Shiba Inu will reserve its place on rank third by surpassing Cardano? From a ranking of number 51 to number 15 in just a few days, Shiba Inu continues its upward climb, and experts predict that the meme coin is gearing for a spot in the top three cryptocurrencies by market capitalization. 


Shiba Inu's price historically retraces after shib millionaires sell their holdings which is really a big thing for such a small meme coin. Shiba Inu, the meme coin that became famous as Dogecoin-killer, now ranks fifteen based on market capitalization, according to crypto data aggregator CoinMarketCap, and ranking number thirteen according to CoinGecko


The plan revealed by Shyoshi Kusama of the burn policy has fueled a bullish outlook among traders. Shytoshi, project head for the Shib ecosystem, recently tweeted about the new burn policy and its impact on Shiba Inu. 



The plan revealed by Shyoshi Kusama


According to this tweet, Shytoshi confirmed majorly 2 burn projects and gave hints of more. One was the Nowpayments partnership with Shiba Inu in which a percentage will be burnt on every transaction. and the second one is 10,000 Shiboshis NFTs Our new Partnership with NOWPayments.io gives business owners the ability to tap into the shib army by accepting shib through a myriad of payment solutions! 



Have a Shopify store? Accept shib. WooCommerce? Accept shib. 


The merchant with a brick-and-mortar store? Further, in trail, he confirmed that a percentage of each transaction will be burnt automatically when someone pays using the nowpayments gateway. With its speedy growth and rising market capitalization, Shib has already surpassed Litecoin, Chainlink, and Avalanche. 


Shib price is up over 300% in the past week. DelCrypto, a stock market, and cryptocurrency analyst, recently claimed that Shiba Inu is primed and has the potential to rank in the top three cryptocurrencies by market capitalization. 



DelCrypto, a stock market, and cryptocurrency analyst


The analyst is of the opinion that shib is likely to dethrone Cardano. As per his tweet, "The Flippening" is taking on a whole new meaning. Rumors starting to swirl in the crypto sphere that Shib has the potential to break the top ten & then it gets interesting, as its surging potential could flip ADA or Cardano to become a top 3 crypto. 


According to us, This could happen soon. Shiba Inu's Market capitalization is increasing every day. Developers of Shiba Inu's working hard to release more projects that can help Shiba Inu to dethrone Cardano from its place. Shiba Inu is not only a dogecoin killer, many shib army members want Shib to kill Cardano as well. 



Let's check some simple maths if this is possible or not?


Shib's current market capitalization is approximate 14.8 billion dollars and five times increase put Shiba Inu at a level with Cardano. Cardano's market cap is $71 billion. Shib has already gained 3 times capitalization in just 10 days, it is very likely for shib to dethrone Cardano soon. 


So, Let's recall major upcoming Shiba inu catalysts that can boost Shib token price in this ending year. Major Catalysts and we all are waiting is for RobinHood Listing. Robinhood is facing intense pressure to list Shiba Inu on its platform. Shiba Inu is not a small cryptocurrency anymore. 


It is one of the top 15 cryptocurrencies in the world and is gaining price and hype exponentially. Shib Army is pushing Robinhood and its CEO Vlad to list Shiba Inu on its platform. What is happening exactly Over the past few days, the price of the Shiba Inu coin has risen dramatically. 


At one point becoming the 13th most-valued cryptocurrency by market capitalization. Its value has more than tripled in the past week. Given the rapid surge, the demand for its addition to major cryptocurrency platforms is growing. 



A petition circulated on Change.org


A petition circulated on Change.org, forcing Robinhood cryptocurrency trading app to add the virtual coin, last night surpassed 200,000 signatures. The petition is still live and the next target is set to 300,000 signatures out of which 229,000 endorsements have been received already. 


Further, A Shibarmy member tweeted and tagged the CEO of Robinhood, Vladimir Tenev to list shib on Robinhood in this Halloween season. According to his tweet, he added. Mr. CEO Vlad, there are 700,000 of us that would like to use your app.


So before moving further, let's quickly check how the Shiba Inu coin is performing today. Shiba Inu coin price is increasing with a profit of 18 percent in the last 24 hours. 


We can see a little bit of price correction yesterday but the price recovered soon and is showing profits now. Currently, one Shiba Inu coin is worth 314 satoshi units with the 24 hours trading volume of $6,500,000,000. The total market cap of Shiba Inu today is approximate 12,400,000,000 dollars. 



Disclaimer: The information provided in this article does not constitute investment advice, financial advice, trading advice, or any other sort of advice, and you should not treat any of the content as such. The content in this article is for educational purposes only and hence should not be considered as financial advice. Do conduct your own due diligence and consult your financial advisor before making any investment decisions

3 comments:

  1. After a long time, I read a very beautiful and very ismportant article that I enjoyed reading. I have found that this article has many important points, I sincerely thank the admin of this website for sharing it.Best best crypto trading platform service provider

    ReplyDelete
  2. thanks for your beautiful comment

    ReplyDelete
  3. Thanks guys for the good hopes i feel the same way about shiba inu,it will game more value no dough about it.

    ReplyDelete

Powered by Blogger.