Shiba Inu (SHIB) Among Most Watched Cryptocurrencies on Binance This Year

Dec 20,2022
Shiba Inu (SHIB) Among Most Watched Cryptocurrencies on Binance This Year

basisData informationGiven by Binance, Shiba Inu is one of the most concerned cryptocurrencies in the world's largest cryptocurrency trading center

The most popular meme inspired cryptocurrency was released in August 2020 and is one of the cryptocurrencies with the highest market capitalization in the world.

In fact, 2021 will be a fruitful year for Shiba Inu holders. With many people buying SHIB coins to make profits quickly, their enthusiasm for SHIB has increased dramatically. In October last year, the price of meme coins reached the peak of 0.00008616 US dollars, and some customers became multimillionaires

This kind of continuous growth has caused many people to turn to it and want to see the price continue to rise in the near future. However, when the radical current policy view of the Federal Reserve's interest rate increase led to a sharp drop in SHIB prices in 2022, this expectation was quickly destroyed. The tightening of monetary policy around the world has increased the cost of borrowing and curbed investors' impulse to explore.

The meme has dropped by 90.08% from its historical peak, which means that many investors participating in speculation are likely to remain in the water

Although large-scale adjustment has been carried out, altcoin, which is loved by everyone, has well preserved a vibrant community, making the meme coin again operated

imageReported by:The team behind Shiba Inu cryptocurrency recently used the "unique countdown" that some people thought might be an important announcement to roast about its community. Some community members wondered whether the real estate agent was ready to introduce the second tier solution of Shibarium