Why this year (SHIB) increased by more than 100,000,000%

Example: There is no doubt that SHIB is the most successful cryptocurrency in the cryptocurrency industry two days ago, and has been overlooked for years. SHIB became popular after Dogecoin prices rose astronomically in May. Around this time, many Doge clones were introduced, many of which were worthless or worthless and received a small fraction of their value based on wealth. A lot of people think that SHIB is the same thing. Dogecoin's self-proclaimed killer only gained popularity after the former began to take offense. However, unlike others, Shiba Inu entered the top 100 of the cryptocurrency market by market value, and yesterday the market value even surpassed Dogecoin.

However, the story of SHIB stands out. Cryptocurrencies, like other DOGE models, have been cool for some time, but that's what everyone is talking about now. Since January 1 of this year, the value of SHIB has increased by 100,000,000%. I have read that the value of cryptocurrencies has increased by 100 million%. Invest just $ 1 on January 1 to become a millionaire. Not only that, but it seems to be reaching a new high almost every day.

Why is this happening? Briefly discuss the possible reasons for the astronomical growth of SHIB and how the addition of shib made it possible to gain a foothold.

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Flock Thinking is a pattern of behavior that describes “members of a group like to think and follow others in the group, not people”.

Why is this important for SHIB? Now let's take a look at the cryptocurrency social media channels. At the time of writing, the number of participants is as follows:

Twitter-1.5 Lab followers.

Subreddit (SHIBarmy) - 359,000 memberships.

Discord - 150 000 membres.

56,000 followers on Instagram.

Telegram - 48,000 people.

For cryptocurrency campaigns that last over a year, that's a big number. On the other hand, Dogecoin is one of the creators of cryptocurrency, but has 2.3 million fans, an increase of 50%. That said, SHIB has a lot of followers. Fans of heat and altcoins pooling expect almost all the impact of heat and news.

At the time of writing, SHIB is valued at around $ 0.000071. This means that the SHIB you buy for $ 1 is just under 14,000. Consider up to $ 1. Now consider that you are investing $ 100 and your SHIB turns into $ 1. Now use $ 500 and $ 1000 for one thing. All this money is for the big investors. Because the incidence of this phenomenon is minimal.

SHIB price "cheap"

As of this writing, SHIB is worth around $ 0.000063. This means that the SHIB you buy for $ 1 is just over 14,000. Consider up to $ 1. Now consider that you are investing $ 100 and your SHIB turns into $ 1. Now use $ 500 and $ 1000 for one thing. All this money is for the big investors. Because the incidence of this phenomenon is minimal.

This is what influencers advertise on social media. SHIB fulfilled many of these estimates. As the title of this article suggests, $ 100 million has increased. This can happen again, of course, with results like this with a low cost strategy overshadowed by the news. He likes quick and quick markets. The above statement is my personal opinion and not an investment idea.)

SHIB's current circulation is 549,153,111,315,363 tokens, with a total market value of $ 39 billion. If Bitcoin had the same market value today, 1 Bitcoin would be worth $ 2,068. Considering the current BTC price, this would seem like a cheap price, but keep in mind that the difference is only around 30x. Your $ 1 investment in SHIB (if you hit Bitcoin's current market value) is worth $ 30 rather than $ 1 million.

This means that even with a few zero digits in the number, SHIB is a million times larger than in January.

Dogecoin about

Dogecoin fans might not like this, but it was true, or at least true before the recent outcry.

And Dogecoin doesn't have the skepticism of other cryptocurrencies - Elon Musk. To this day, no one can determine if he really uses Dogecoin as a global drug. As one of the most powerful and richest people in the world. A tweet can disrupt business. When he criticized Bitcoin, Bitcoin's value plummeted. She gets up when she praises him. When he mentioned Dogecoin, Dogecoin soared. When DOGE soars, so do the other tokens.

Now we can say that SHIB was successful in removing the chains from Doge, but nonetheless DOGE still has some impact on SHIB, but very little. However, it remains to be seen if this will continue to develop.

The exchange was devoted to the registration of the SHIB.

SHIB is a particularly attractive company. Many entrepreneurs prefer to adjust their capital beyond their management capabilities.

There are many ways to make money with a business, but one of them is by paying the opening and closing costs.

Yesterday, the Shiba Inu's exchange rate exceeded its market value. Over $ 40 billion of SHIB is traded daily.

Although the decision of SHIB is a special exchange decision, it also has a direct impact on the value of SHIB. It seems to be attractive when listing low trading cryptocurrencies (or high trading cap cryptocurrencies) on Tier A exchanges like Binance, FTX, Coinbase, etc. Everyone does the same. SHIB prices rose 70% after major cryptocurrency exchanges announced their names.

Is it worth investing in SHIB?

Everyone has a different answer to this question. No one probably deserves you. From a practical point of view, it can be said that few methods of SHIB are currently used for anything other than speculation in the market.

ShibaSwap - The stock exchange program has seen a good turnover of around $ 760 million in the past 24 hours. However, over 80% of this comes from tokens linked to the SHIB ecosystem. Indeed, packaging markets can also be weakened if the hype surrounding them is inevitably low. Since few other cryptocurrencies are traded there, the real advantage outside of trading is to simply invest in all SHIB products. - Advertising.

So, with this in mind, it can be difficult to make major investment decisions in SHIB, especially in the long term.

On the other hand, as mentioned above, SHIB has a SHIBarmy community of millions of people, which can be very strong.

And again, even if you agree with this statement, all articles in SHIB are subject to change. According to Coincarf, the top 10 suppliers account for 71% of the total market share.

Key Points: With SHIB's $ 39 billion activity cap, 10 people (or organizations) manage $ 28 billion. Imagine what would happen if just one of these decisions were made. It is difficult to agree on long-term investments in SHIB for various reasons. However, it should be noted that SHIB is a bit overbought. This means that bulls will have to deal with short term adjustments to gain more energy to support growth. The hype around SHIB won't stop, but that doesn't mean it's a good investment. Do business smart.