Posted on 11/08/2021 1:28:55 PM PST by aMorePerfectUnion
Shiba Inu was the most discussed cryptocurrency in the world in October and took the top spot leaving Bitcoin and Ethereum distantly behind.
A recent data released by ICO Analytics show Shiba Inu leading the charts with 22%, while Ethereum is distantly far with 8.1%. Bitcoin came at the third position with only 7.2%.
SHIB is undoubtedly the king of the ring in the crypto market and its dominance is here to stay for a longer period of time.
ICO Analytics took to Twitter with a detailed report and tweeted, ”Top 20 most discussed cryptocurrencies on Twitter in October 2021. In the chart below you can find a share of mentions of each coin among top 150 coins by mcap.”
If there’s one crypto that shined the brightest in 2021, it has to be Shiba Inu, hands down! The coin took over the top cryptos in the market and chalked a path of its own. The coin has basked in the limelight all throughout the year indicating that it has a bright future ahead.
Investors who put their money in SHIB in 2020, reaped enormous profits after October, 2021. The coin shot up +900% in a months time giving unimaginable amount of profits.
Shiba Inu at the time of publishing was trading at $0.00005780 and is down -1.39% in the 24-hours day trade. The coin has a market cap of $29 billion and its 24-hours trading volume is $3.5 billion.
If YOU would like to be on the mysterious and exclusive,
FR CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum, Shiba, blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
Is it fairly easy to acquire?
“market cap of $29 billion and its 24-hours trading volume is $3.5 billion”
Wow, 12% daily turnover? Volatile much?
A dose of reality....
https://www.fool.com/investing/2021/11/08/2-things-shiba-inu-investors-learn-from-dogecoin/
Yes it is volatile.
Thanks for posting, but I don’t even take the motley fools’ advice about stocks, which at least they know something about...
But anyone involved with crypto should manage risk and know what they are buying.
As to the future... no one knows.
If Shiba hits 1 cent, I will have a villa in the Med. If it goes to zero, I will be out less than $2k.
It is a nice risk profile.
AAC,
I use the coinbase app on my phone to buy crypto. I purchases my shiba there.
There are other options as well.
Very easy.
circle back
Another made up currency.
It is. But don’t take your eyes off it. It tends to binge and purge.
I chickened out of the dog fight and moved into Etherium. Figured the longer this thing goes on, the more ETH gets burned!
That seem to be common for the newer entries in Crypto.
If you are talking about the pedigreed version of the Japanese dog, they will set you back about $3000. The miniature version is very charming, playful and sociable.
same
Maybe it’s talked about so much because people think it’s either a restaurant or a sex practice ...
Thanks!
Why not both...
Shiba is a “joke” coin that makes people feel rich because they can buy millions of them. This allows people to “dream” about the price hitting $0.01 and making these folks “rich.” What they miss is that the market cap at that level would rival Apple.
That is not going to happen.
There are literally thousands of cryptos out there. There are maybe three that are useful.
The amount of constant research needed to keep up is tiring. And reading through the white papers is amusing…but few of them appear to “do” anything meaningful.
Oh, I get it. Judging by the average hold time, people seem to hold onto it long enough to make a few bucks.
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