Shiba Inu finally reaches and breaks its ATH. Earlier back, we said that the coin has too many zeros to miss out on investing in it. The meme coin has had a massive 24-hour gain of 14%. and a 30-day gain of 5559.9%. Even Vitalik Eth could not stop the rise of Shiba Inu.
In the last 24 hours, Shiba Inu has done $10,420,000,000 in trading volume. This is far more than the top guns in the Crypto space.
The Shiba Inu coin finally reached an ATH of $0.00004926 on 26th October 2021, with a market cap with a dominance of $24,116,388,304, 0.87%, and a volume of 0.3895. The coin is now ranking at #11 in the cryptocurrency market. The coin has made a 50% gain since its last ATL, which was on 28 November 2020.
Whale buying
After Elon Musk shared a tweet that he does not own any Shiba Inu, the coin fell to about 10%. However, following a massive whale buy of about $267 billion last month, many people took an interest to the coin. Majority bought the coin during the bull market and are continuing to do so. So far, the coin has performed well during October; A few days ago, the coin made a 50% gain, and it is still going up.
Shiba Millionaires
Many cryptocurrency traders on Twitter confess that Shiba Inu has made them millionaires and will continue to make more. The Shiba Inu army is awake, and the buying is ongoing. Massive gains in trading markets usually mean that banks and huge financial institutions are buying an asset.
In the cryptocurrency space, however, such large price movements mean that large investors have entered the markets. This means that Shiba Inu will be a meme coin but with a use case. The silent buying shows that crypto investors are planning to use the dog-coin to make something meaningful for dog-lovers in the crypto space; the coin will have an actual use case.
Shiba Inu Finally Reaches and Breaks its All Time High
As we say, everybody is early to Bitcoin; likewise, everybody is early to Shiba Inu. The zeros are too many to miss out on investing. I am happy for Shiba Inu holders; to many more crypto millionaires! Anyone who does not hold Shiba Inu should get in on the train because the cycle is only beginning.