SHIBA INU MAJOR PUMP INCOMING! 4 MAJOR Reasons Why $SHIB Is Going To $0.01 SOON - Best Webhosting
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Why Is Shiba Inu (SHIB) Rising So Much? The 4 Major Reasons:
If you've been keeping up with current affairs in the crypto world, you've probably heard of a relatively new meme cryptocurrency known as Shiba Inu Coin. If you still don't know why you should care about this coin, then Shiba Inu's (SHIB) price rising by a tremendous 66.1% percent in the last week to settle at a comfortable 12th position should definitely have your ears peeked.
In this video, I dissect why Shiba Inu is recording such dramatic growth, especially when most other cryptos aren't soaring as much.
First off, what is Shiba Inu, and where did it originate from?
Shiba Inu, which is sometimes simply known as Shiba Token, is a cryptocurrency that was first introduced into the market in August last year by a yet to be identified person or people calling themselves 'Ryoshi.' Its symbol is the Shiba Inu, a hunting dog breed originating from Japan.
For the past year or so since its creation, Shiba Inu has treaded in the shadows, with its rival Dogecoin taking much of the spotlight. Except, of course, for the one time in May when the coin hit the headlines after 'Ethereum co-founder Vitalin Buterik burned $6 billion worth of tokens, which is about half of the total SHIB coins in supply, saying he doesn't want the power. His actions led to increased demand for the coin, and consequently, a hike in the trading price.
But what are the reasons for Shiba Inu's latest crazy pump? Watch this video to find out!
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