According to a report by “Cointelegraph”, a discerning investor started buying $3,400 worth of Shiba (SHIB) in August last year. After more than a year of soaring, his currency has risen to a staggering 1.55 billion on Thursday. Dollar.
According to reports, this investor purchased a total of 44 Shiba Inu Coins, the largest of which was an additional purchase of $3,200. Until Thursday, his investment results were: a total of 8,000 US dollars spent, and his current holdings of currency assets amounted to 5.7 billion US dollars.
The Shiba coin started trading on August 1st last year. At the beginning, the price was about 0.000000000189 US dollars. After 14 months, the price increased by more than 70,000 times at Thursday’s price.
Sharat Chandra, a disseminator of blockchain and emerging technologies, said that the recent rebound of Shiba Inu Coin is surreal, and no one can explain its basic principles. Parabolic rise is unsustainable, but it is difficult to give a possible fall time.
The Shiba coin just fell back to the world through heaven. The trading price went from a historical high of 0.00008616 US dollars on Thursday (28th) to a Friday low of 0.00006513 US dollars. After a sharp correction of 25%, the decline slightly stopped.
According to CoinGecko data, the total market value of Shiba Coin is currently about 35.4 billion U.S. dollars. One of the biggest gains occurred in the past month, rising by more than 1000%, successfully squeezing the previously popular Dogecoin (DOGE), and most of the time since yesterday, it has been stuck to the ninth cryptocurrency by market value.
Vikram Subburaj, co-founder and CEO of Giottus Cryptocurrency Exchange, believes that the petition of fans to include Shiba Inu on the Robinhood platform in the United States attracted attention and promoted a backlash.