Shiba Inu The Most Valuable Dollar Among Ethereum Whales

SHIB has a whopping 121,000 percent intra-year gain. On January 1, 2021, the token was only available for $0.000000000073, but after ten months, it had risen to $0.00008841. So, if you put $1 into the market on January 1, 2021, you’d be a billionaire by October 27.

So far, the entire burn rate is 31.71 percent, or 410,339,763,887,291 from SHIB’s total supply of 889.660.236, 112,708. To everyone’s surprise, SHIB has climbed to the 11th spot on CoinMarketCap’s coveted list. SHIB is essentially next to SOL, which is now ranked 10th, and ahead of APE, which is ranked 12th.

The stock market is performing well, but when compared to the crypto market, stock profits are negligible. Since the pandemic, cryptocurrency has soared to as high as $1.6 trillion, a 1,100 percent increase.

In comparison to the other 100 ETH whales, Shiba Inu (SHIB) now has the highest USD holding. In fact, SHIB is one of CoinMarketCap’s top 20 coins by market capitalization. SHIB appears to be gaining traction, although this was not the case a few days ago. Despite being listed by (HOOD) or Robinhood Markets Inc, Shiba Inu has experienced a significant drop, with only 216,260 transactions.

Cryptocurrency Market Outperforms Stock Market

So far, the entire burn rate is 31.71 percent, or 410,339,763,887,291 from SHIB’s total supply of 889.660.236, 112,708. To everyone’s surprise, SHIB has climbed to the 11th spot on CoinMarketCap’s coveted list. SHIB is essentially next to SOL, which is now ranked 10th, and ahead of APE, which is ranked 12th.

Shiba Inu has had a huge price decline of 5.17 percent in the previous 24 hours and a drop of 24.07 percent in the last 30 days.

SHIB is now trading at $0.00001891 or around 0.000000000545 BTC. SHIB, in particular, has a 24-hour trading volume of $533,696,977. SHIB’s current market capitalization is $10,385,504,641.

The stock market is performing well, but when compared to the crypto market, stock profits are negligible. Since the pandemic, cryptocurrency has soared to as high as $1.6 trillion, a 1,100 percent increase.

Shiba Inu (SHIB) has been luring new investors into the crypto arena, and it’s not only the monarchs of crypto Bitcoin and Ethereum that are driving the crypto market value up. SHIB, the meme coin, was extremely popular in 2021.

SHIB’s Best Year Is 2021

SHIB has a whopping 121,000 percent intra-year gain. On January 1, 2021, the token was only available for $0.000000000073, but after ten months, it had risen to $0.00008841. So, if you put $1 into the market on January 1, 2021, you’d be a billionaire by October 27.

As we can see now, Shiba Inus are undoubtedly an investable asset. To begin with, a yearly return of 46,000,000 percent is outstanding and can entice new investors. Shiba Inu did not succeed on his own. Yes, the token received some assistance, particularly from crypto market dynamics such as futures and options, as well as short-selling. More importantly, the coin has gained traction on social media as a result of Tesla CEO Elon Musk’s explicit support for it.

ALSO READ: Bitfinex Commentary: Bitcoin To Witness More Sell Off?