“Memonic” Tocken Shiba Inu updated the record at cost and rose to 12 lines in the rating of the largest cryptocurrency. In terms of market capitalization, he bypassed Litecoin, Chainlink and Bitcoin Cash – according to the COINGECKO service, the cumulative value of all coins in circulation was $ 15 billion.
During the day, the price of the tokeny took off at 46 percent, and in a week – by 324. Altkoin began to rise after the head of Tesla Ilon Mask on October 4 shared in Twitter Photos of his pet, Siba-Ina breed puppy. The publication of the rich man in the world once again “shook” the cryprotes, and the cost of all currencies based on the meme with a dog began to grow. For example, the Dogelon Mars Tocken went up by 84 percent.
The next day after tweet Shiba Inu has become the most popular token on the largest Coinbase cryptobier in the United States. The daily trading volume on the platform amounted to 1.3 billion dollars. For comparison, the Bitcoin indicator was only 774 million dollars. On October 6, the daily trading volume of Shiba Inu on Coinbase exceeded 1.8 billion dollars.
The creators of Shiba Inu call their cryptocurrency “DOGECOIN killer”. On the site, they openly declare that they have developed a token to get ahead of the mask’s favorite digital coin on capitalization. Such an idea was born from the authors of the project after the scandalous incident on the global stock market, when Reddit users were artificially inflated the cost of Gamestop, AMC and other unprofitable companies.
Mem-tokens have no value that could act as a provision, and most of them will not be a full-fledged cryptocurrency. Nevertheless, some of them are used as a tool for speculating transactions due to changeable cost. Unknown major holder Shiba Inu has already betrayed on speculation with her after a sharp take-off in price. He translated tokens with a total value of more than 83 million dollars from one address to another. It is known that in early September, the holder acquired 6.1 trillion coins for 43.8 million dollars. Thus, for the week, he received about $ 74 million. Profit.
The situation occurred in September with the Shiba Floki Tocken. September 13 Ilon Mask published in Twitter The first photo of my puppy with the signature “Flocks [puppy nickname] arrived” (Floki Has Arrived). In the evening, the same-named token went up by 934 percent compared to the closure level of the previous trading session, is indicated on the CoingEcko website.