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Investing.com – In a volatile world where surprises don’t stop, a currency can fly into the sky in moments and before traders’ eyes blink, it may have plunged into an abyss. Violent price fluctuations, which may not be subject to technical or financial analysis standards, as digital currency trading involves high risks, including the risk of losing all or part of the investment amount.
quarter of a million%
Perhaps the most notable surprise in the crypto world is the unprecedented rise that one of the hugely popular meme coins recently managed to achieve.
Shiba Inu or the Dogecoin Killer, this currency that appeared in the world of digital currencies at the beginning of this year and until the end of January, did not register a significant value.
However, with the rush of followers of Elon Musk’s tweets and Dogecoin-led meme-dog coins, this coin began its exciting journey in early February.
On January 31, Sheba started trading at $ 0.00000001, while it closed at $ 0.00000003, to start the biggest money adventures of all time.
Early May, coinciding with the growing hype over Dogecoin and the emergence of Elon Musk’s many tweets, which were led by an exciting provocation on the Saturday night show on May 8, marked a turning point for this currency. exciting.
Overnight, Sheba went from 0.0000014 levels to 0.00001897 dollars, while the currency was weakly traded and without market value.
Sheba suddenly turned into a currency with a market cap of $ 6.22 billion while trading volumes stood at $ 6.11 billion.
At the time of writing, today, Wednesday, the Shiba Inu is trading at levels of 0.00002436, up more than 50%, while its market value is over $ 9 billion, this which places it in 20th place among cryptocurrencies by market capitalization.
The Shiba Inu currency has risen from early February until this time by nearly 250,000%, while it has risen by more than 250% since Elon Musk’s tweet regarding the Shiba Fluki currency.
What is Saba?
According to the SHIBA INU website, SHIB is a “DOGECOIN KILLER” and will be listed on ShibaSwap, a decentralized exchange.
Shiba Inu was premiered anonymously in August 2020 under the pseudonym “Ryoshi,” and the meme quickly gained speed and value.
The investment community was drawn to the coin associated with headlines and tweets from figures like Elon Musk and Vitalik Buterin.
The best exchanges to trade on Shiba Inu currently are Binance, Mandala Exchange, Huobi Global, OKEx, and FTX, as well as Coinbase.
On September 17, 2021, Coinbase (NASDAQ :), the largest US-based crypto exchange, listed Shiba Inu on its platform.
This news caused the price of the Shiba Inu to increase by more than 40% over the next two days, once again highlighting the Shiba Inu symbol.
Shiba Inu’s website says they have closed 50% of the total token supply on Uniswap, and the remaining 50% has been “sold out on Vitalik Buterin.”
In response to the “gift” from the Shiba Inu team, Vitalik Buterin sent 50,000 billion SHIB tokens, worth $ 1 billion at the Shiba Inu price at the time, to the Covid Crypto Relief Fund in India, then Buterin burned 40% of the total supply in a dead wallet.
Coins in Chiba’s Footsteps
Among the cryptocurrencies that have recorded incredible highs since the start of the year, Access Infinity, which started out as an exciting game, has grown into one of the big coins.
AxiInfinity coin has risen since the start of the year by more than 21,000%, while its market value has jumped to more than $ 7.6 billion, and it is ranked 25th among cryptocurrencies in terms of capitalization. stock market.
Axi currency is rising within 7 days by over 70%, while it is falling during these reporting times within 7% limits to levels of $ 123.6.
With a percentage exceeding 10700%, comes a currency that is trading at levels of $ 0.018, while its market value exceeds $ 1 billion.
The Solana coin, which has managed to establish itself as a prominent place among adults, shines, as it has become the seventh digital currency in terms of market value, with $ 46.5 billion.
A currency has risen since the start of the year by more than 8,330%, but during those times it declines by less than 5% to levels of $ 161, while it increases in a week to around 20% .
The shadow currency, which is trading near the $ 1.4 levels, is shining with a 7800% increase since the start of the year, as its market value is $ 3.4 billion.
While Polygon, which is trading at slightly higher levels, is up nearly 7,000% year-to-date, it is ranked 22nd among cryptocurrencies by market cap at $ 8.3 billion.
Polygon retreats during these trading moments today, Wednesday, within a 5% range to levels of $ 1.25, as it rises over 15% in a week and over 61% in thirty days .
And after having climbed more than 26,000% in mid-May, then suffered a violent fall after the adventure of the penetration of the dollar, the Dogecoin, the most famous dog currency, has once again come to the fore.
Dogecoin is rising during these times by over 4% to levels of $ 0.252, while it is rising over 26% in a week.
In contrast, Dogecoin has gained more than 4,343% year-to-date and ranks eighth among currencies in terms of market capitalization with $ 33.2 billion.
The article does not express a recommendation or appointment, but rather a simple monitoring of market fluctuations, as digital currency trading involves high risks, including the risk of losing all or part of the investment amount, knowing that it is not completely subject to authorities and markets.
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