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.
I’ve spun it a couple times for gas money.
The worst thing that could happen for crypto is to insert a “wash sale” rule. Kids are out there spinning this stuff a dozen times a day.
Anyone mining Shiba?
Yes… all currencies are made up and widely used
The dog????
Yep
—> There are maybe three that are useful.
There are a great many that have specific uses…
I use my coinbase account. In the past 2 weeks I’ve purchased 2.47 million shiba coins for about $145. I just plan to let it ride. If i lose the $$, fine. But if it ever gets to a penny? I’ll fund free republic for a year. I also have some dogecoin in my robin hood account. Coinbase is free to sign up, but they charge a 4% commission on your purchases.
“A dose of reality....”
Good point
“There are a whopping 549 trillion Shiba Inu tokens in supply at the moment”
Shiba Inu, like Dogecoin, in addition to its current astronomical quantity, doesn’t have a permanently fixed limit like Bitcoin, which is at the root of BITC’s success.
If you want to play with crypto currency stick to Bitcoin or Ethereum. These others are tulip madness that won’t end well.
The most talked about fake currency. 😒
Is this what passes for financial advice these days? 🤪
—> Is this what passes for financial advice these days?
An article is certainly not financial advice.
Just put a little disposable income into it. We’ll see what it does. I used my Coinbase Pro account.
I wish the price reflected the sentiment.
For what Robinhood did earlier this year, you should withdraw your assets from them.
“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”
Not a chance. That means its market cap would be 5.5 trillion. Five times more than bitcoin currently.
“If you want to play with crypto currency stick to Bitcoin or Ethereum.”
Better yet invest in the miners. Much easier, the IRS won’t be suspicious of you, AND they’ve done way better than bitcoin itself over the past year.
Check out the graph for MARA!
I will say that it may be a metric like market cap will be ignored.
Or the whole thing may crash.
My point was simply that either way, we are fine with our position.
I could purchase a villa on the med if Shiba hit far, far less than a cent…
Mara rocks - up 19% today.
HUT on it’s heals
—>That means its market cap would be 5.5 trillion. Five times more than bitcoin currently.
The biggest risk to BTC is government.
If they left it alone, it would jump higher than that.
Was late to the SHIB party...DOGE has been much better for me personally...was in very early on DOGE.
Over the past year MARA has gone from $2 to $78 - that’s 39 times.
Bitcoin has gone from about 15K to 67K - roughly 4 times.
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