Shiba Inu meme coin made its ATH

Recently Bitcoin made its all-time and crossed the mark of 65k USD price range and reached up to 67k US which is quite a good value. Although experts are expecting that it will make 100K USD this year or max by the first quarter of 2022. Anything is possible in crypto and we can't deny it because we have seen a lot of such things happening in the market. I DOGE coin can reach much closer $1 value then for sure anything can happen. We know that there is no fundamental value in DOGE and its completely driven by Elon Musk. When he tweets something about the coin then its price starts growing and this has happened many times. DOGE is a meme coin that was created just for fun but now every leading exchange has the coin listed on their platform and its getting quite good trading volume as well.

These days another meme coin Shiba Inu is a hot topic and today it had made its all-time high. Its price has gone more than 50% up in the last 24 hours and now whoever has been holding SHIB must be so happy this is again a situation like a dogecoin where people who were holding the coin in bulk became millionaires overnight. SHIB's price is $0.00004322 at the time of writing this post. Below is the SHIB chart and there is significant price growth in oct month. I hold some SHIB and its value has gone up nicely but I am not going to sell because I want to how long it will go.

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Shiba Inu started with a supply of 1 quadrillion but the founder had locked 50 percent in Uniswap, then “burned” the other half to Ethereum co-founder Vitalik Buterin for safekeeping, according to Shiba Inu website. Earlier, Buterin was given 50 percent of all Shiba Inu tokens by the coin's creators. Buterin had said that this was the only method through which he could avoid his transactions in Shiba Inu being interpreted as actions.

Seems like a new trend has started where we can see good price growing in meme coins and its just a pump in price which might not stay long, however, its difficult to predict. I usually don't invest in such coins but I did invest a very small amount this year in the beginning and even at that time its price was high. But now that investment is more than double so surely its good thing for me but I am not going to book the profit now.

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Shiba Inu has huge supply but 50% of this has been locked in uniswap which is why there is good movement in price and may be in coming days we can see much more. I have seen the case of doge when it was one of the coin where most of the new investor wanted to invest which helped the price to grow even further. IN rypto news pay a very important role so when something is highlighted then majority of users try to follow the same and it will not be asurpeise if same happens with SHIBA inu as well.

Thank you so much

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