Shiba Inu (SHIB) is a special featured dog breed from the popular DOGE community. It inspires millions of people around the world to eagerly invest in its tokens. Also SHIB is alternatively known as Dogecoin Killer in the crypto market. Besides, Shiba Inu marks the record as a popular meme coin of the year 2021.
All of sudden, the sky rocking meme coin gained speed and value with a huge support from its community. Along with popular social media posts from famous personalities like Elon Musk and Vitalik Buterin in recent times.
Shiba Inu Edged Down
With a trending activity SHIB was the popular meme coin with sudden prices in past months. Unfortunately, Shiba Inu (SHIB) sloped down nearly 60% and remained on the same red line depressing it’s holders.
Moreover, SHIB set it’s all time high reaching upto $0.000086 on October 28, 2021. All investors were crazy about Shiba Inu adoption which resulted in a price surge. With these achievements, a twist occurred changing the value of SHIB upside down.
Further, as per the record, Shiba Inu’s market capitalization drops down to $21.30B from around $28.31Bin just five days. This made a huge change in the crypto market resulting in a bearish trend at present. More specifically, the work Shiba Inu is dropping down in Google trends which indicates the bear cycle for the meme coin.
According to CoinMarketCap, the current price of SHIB is $0.000036 which is down up to 13.71% in the last 24 hours. With this, Shiba Inu is still around the red margin slipping in the marketplace.
Besides surging to massive heights in recent months, Shiba Inu grabbed the attention of millions of users. Thus, traders are expecting for SHIB to rise again and showcase its uptrends with higher volumes.
Also, SHIB is a potential meme coin which can aim high and achieve making a new all time reaching $0.00010000. Thus, it will mark Shiba Inu’s flagpole’s height in its history in the crypto market.