Will The Price of The Most Popular Shiba Inu Coin in The UK Start to Rise in May?
2022-04-29 15:46:00
Will Shiba Inu Reach 1 Cent?
According to a recent Google Trends report, Bitcoin has become the most popular cryptocurrency investment option in Europe, while the Shiba Inu coin is the most preferred cryptocurrency among UK investors. This also represents that the growth and acceptance of the Shiba Inu coin, which is a MEME token, has been increasing in the past 12 months. Not only in the UK but also in Russia, France, Spain, Ukraine, Italy, Hungary, and Switzerland, where it is a popular cryptocurrency. In addition to European countries, the Shiba Inu coin is the fourth most popular cryptocurrency in the United States, with investors in seven states preferring to invest in the Shiba Inu coin.
As you can see, there is still a lot of room for investment upside in Shiba Inu Coin, but why has the recent price of Shiba Inu Coin not risen significantly? The Shiba Inu Coin team once officially threatened to reach $0.01, but now we see from the international digital currency exchange Gate.io that the price of Shiba Inu Coin is $0.00002283 at the time of writing, and has dropped 6.99% in the last 7 days, and 1.85% in the last 24 hours, with a volume of $445.37 million. What is the official Shiba Inu Coin team doing to reach their goal?
The official Shiba Inu Coin team announced on Twitter on April 27 that $1,461,828,101 in Shiba Inu coins were burned in the last 24 hours from 160 transactions. This is the largest amount burned in recent memory. It is also an indication of the big progress made in the development of the SWAP mechanism at Burn. At the time of writing, the total supply of Shiba Inu coins in circulation was 549,063,28 billion.
In addition to Shiba Inu Coin's investor support, the launch of SHIB: The Metaverse and SHIB Burn Portal also brought some attraction to more potential investors to pay attention to Shiba Inu Coin or buy Shiba Inu Coin.
The price recovery of the Shiba Inu coin in such a state of development is probably not too much to worry about. But will the price of the Shiba Inu coin rise to $0.01? Maybe the answer to this craziness will come in 10 years.
According to a recent Google Trends report, Bitcoin has become the most popular cryptocurrency investment option in Europe, while the Shiba Inu coin is the most preferred cryptocurrency among UK investors. This also represents that the growth and acceptance of the Shiba Inu coin, which is a MEME token, has been increasing in the past 12 months. Not only in the UK but also in Russia, France, Spain, Ukraine, Italy, Hungary, and Switzerland, where it is a popular cryptocurrency. In addition to European countries, the Shiba Inu coin is the fourth most popular cryptocurrency in the United States, with investors in seven states preferring to invest in the Shiba Inu coin.
As you can see, there is still a lot of room for investment upside in Shiba Inu Coin, but why has the recent price of Shiba Inu Coin not risen significantly? The Shiba Inu Coin team once officially threatened to reach $0.01, but now we see from the international digital currency exchange Gate.io that the price of Shiba Inu Coin is $0.00002283 at the time of writing, and has dropped 6.99% in the last 7 days, and 1.85% in the last 24 hours, with a volume of $445.37 million. What is the official Shiba Inu Coin team doing to reach their goal?
Shiba Inu Team Recently Burned 15 Billion SHIB
Within 24 hours of the release of the Burn.ShibaSWAP mechanism, the official Shiba Inu Twitter feed announced on April 25 that 8 billion Shiba Inu Coins had been burned. The Shiba SWAP mechanism was created for investors who hold Shiba coins and can burn their own SHIB coins and receive a bonus rebate when they do so.The official Shiba Inu Coin team announced on Twitter on April 27 that $1,461,828,101 in Shiba Inu coins were burned in the last 24 hours from 160 transactions. This is the largest amount burned in recent memory. It is also an indication of the big progress made in the development of the SWAP mechanism at Burn. At the time of writing, the total supply of Shiba Inu coins in circulation was 549,063,28 billion.
Shiba Inu Coin Makes "Top 10 Most Popular Cryptocurrencies" List
In CoinGecko's recently released "Top 10 Most Popular Cryptocurrencies" list for the United States, Canada, and Asia, the Shiba Inu coin was recognized as the second most popular cryptocurrency investment in the United States and led the list in multiple countries. For example, it is the third most popular cryptocurrency in Canada and the tenth most popular virtual token in Asia.In addition to Shiba Inu Coin's investor support, the launch of SHIB: The Metaverse and SHIB Burn Portal also brought some attraction to more potential investors to pay attention to Shiba Inu Coin or buy Shiba Inu Coin.
The price recovery of the Shiba Inu coin in such a state of development is probably not too much to worry about. But will the price of the Shiba Inu coin rise to $0.01? Maybe the answer to this craziness will come in 10 years.
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