Sunday, August 7, 2022
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Cryptocurrency

why is the Shiba Inu cryptocurrency surging?

by Crypto News
October 7, 2021
in Cryptocurrency
0
why is the Shiba Inu cryptocurrency surging?
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


It’s been week for cryptocurrency merchants. On Wednesday, Bitcoin surged to a five-month excessive of $55,735.52, according to CoinDesk. The principle purpose? CNBC reports that Treasury Secretary Janet Yellen and Securities and Trade Fee chair Gary Gensler each confirmed they don’t have plans to limit cryptocurrency buying and selling.

However Bitcoin isn’t the one crypto up prior to now 24 hours. Different tokens akin to Etherium and Chainlink are each up over 5% too. But whereas 5% is perhaps return on any particular person buying and selling day, there’s one coin that’s outdone all of the others this week. Shiba Inu (SHIB) is up over 47% within the final 24 hours on the time of this writing, according to CoinMarketCap.

The SHIB coin got here into being final yr and began out as a joke coin based mostly on Dogecoin. However in 2021 SHIB has surged in worth. Nevertheless, it’s necessary to notice that one SHIB coin by itself is virtually nugatory. On the time of this writing one SHIB coin is value $0.00003367—that’s means lower than a penny. Nonetheless, should you invested 10 grand in SHIB yesterday, you’d have a hefty revenue.

So why is SHIB surging this week? A few of it may must do with the general cryptocurrency market surge this week. However Bloomberg points out that SHIB’s surge may be all the way down to (you guessed it) Elon Musk. On October 4, Musk tweeted an image of his canine Floki, which is a Shiba Inu. Whether or not SHIB merchants noticed that as an indication from the gods, who is aware of. Nevertheless it does appear to be Musk has the ability to maneuver markets with seemingly random tweets.





Source link

Related articles

365 Days of Climate Awareness
359 – Cryptocurrency and global warming

365 Days of Climate Awareness 359 – Cryptocurrency and global warming

August 7, 2022
Cryptocurrency: A Well-regulated Framework Is Necessary For Creating A Crypto Market That Can Last

Cryptocurrency: A Well-regulated Framework Is Necessary For Creating A Crypto Market That Can Last

August 7, 2022
Share76Tweet47

Related Posts

365 Days of Climate Awareness
359 – Cryptocurrency and global warming

365 Days of Climate Awareness 359 – Cryptocurrency and global warming

by Crypto News
August 7, 2022
0

Properties of blockchain. Blockchain was created in 2008 by Satoshi Nakamoto (a pseudonym: his or her id remains to...

Cryptocurrency: A Well-regulated Framework Is Necessary For Creating A Crypto Market That Can Last

Cryptocurrency: A Well-regulated Framework Is Necessary For Creating A Crypto Market That Can Last

by Crypto News
August 7, 2022
0

A well-regulated framework is critical for making a crypto market that may final The regulatory atmosphere surrounding cryptocurrencies is...

Day To Day Hypermarket is the first in UAE to accept cryptocurrency payments

Day To Day Hypermarket is the first in UAE to accept cryptocurrency payments

by Crypto News
August 7, 2022
0

Whereas crypto cost for grocery procuring has not been applied earlier within the UAE, Day To Day Hypermarket is the...

Does cryptocurrency create real-life money problems?

Does cryptocurrency create real-life money problems?

by Crypto News
August 7, 2022
0

I don't perceive cryptocurrency. Are we inventing new cash, making a real-life Monopoly sport? Right here is one definition...

Cryptocurrency Market Analysis, Size, Share, Trends, Global Industry Overview, Demand, Growth and Forecast 2028 Binance, Coinbase, Bitstamp, Bitfinex, Kraken, FTX, Gate.io, Bittrex, CoinDeal

Cryptocurrency Market Analysis, Size, Share, Trends, Global Industry Overview, Demand, Growth and Forecast 2028 Binance, Coinbase, Bitstamp, Bitfinex, Kraken, FTX, Gate.io, Bittrex, CoinDeal

by Crypto News
August 6, 2022
0

Cryptocurrency Market 2022 Business Dimension, Share, World Evaluation, Development, Growth Standing, Regional Tendencies, Alternative Evaluation and Complete Analysis Examine...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
First bitcoin. Then GameStop. Now tiny tungsten cubes

First bitcoin. Then GameStop. Now tiny tungsten cubes

October 29, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Analyst Says Altcoin That Just Rallied 200% Hasn’t Even Started, Predicts New All-Time Highs for Binance Coin

Analyst Says Altcoin That Just Rallied 200% Hasn’t Even Started, Predicts New All-Time Highs for Binance Coin

August 7, 2022
For Cardano, it’s 100 projects and counting, but is that really enough

For Cardano, it’s 100 projects and counting, but is that really enough

August 7, 2022
Move Over, Ethereum – Bitcoin’s Lightning Network Has Apps, Too

Move Over, Ethereum – Bitcoin’s Lightning Network Has Apps, Too

August 7, 2022
Aim to Bring Blockchain Adoption in India, International Fintech, Crypto & Blockchain Week All Set to Be Held in Sept 2022

Korea Blockchain Week 2022 Kicks Off in Seoul

August 7, 2022

Recent News

Analyst Says Altcoin That Just Rallied 200% Hasn’t Even Started, Predicts New All-Time Highs for Binance Coin

Analyst Says Altcoin That Just Rallied 200% Hasn’t Even Started, Predicts New All-Time Highs for Binance Coin

August 7, 2022
For Cardano, it’s 100 projects and counting, but is that really enough

For Cardano, it’s 100 projects and counting, but is that really enough

August 7, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News