The SHIB coin is a meme-based cryptocurrency that uses the Japanese Shiba Inu dog breed for its logo. Shiba Inu SHIB is up over 47 in the last 24 hours at the time of this writing according to CoinMarketCap.
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It comes as Shiba Inu coin has spiked up in value after being added to Coinbase as its rival DogeCoin dropped.
Cryptocurrency shiba inu coin. SHIB started gaining attention during the bullish market of spring 2021 but the real momentum gained after Elon Musks SNL appearance. The whale purchased the coins after it suffered a major dip in price. The Shiba Inu cryptocurrency coin may break out soon because of recent purchases from investors per FX Street.
Lets take a look at some of the features such. An ethereum whale recently spent 12 million to buy 499 billion Shib coins. Historically a dip in SHIB price is followed by whale accumulation and a second leg up.
Read our cryptocurrency live blog. The SHIB coin came into being last year and started out as a joke coin based on. The coin has risen by 35 per cent this week.
Meanwhile the meme Dogecoin has gone down 58 per cent over the last week. As the joke approach goes on a Dogecoin-inspired cryptocurrency was born Shiba Inu SHIB coin.
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