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And this is why. By Investing.com


© Reuters

By Laura Sánchez

Investing.com – Trading volume recently surpassed that of for at least three consecutive days on KuCoin, the world’s third-largest crypto exchange site based on trading volume, according to Johnny Lyu, CEO of KuCoin. On October 28, SHIB’s volume was almost three times that of. KuCoin primarily targets retail investors

As the third most searched cryptocurrency on Google (NASDAQ 🙂 in the world, Shiba Inu made a profit of more than 380% during the last 30 days and skyrockets more than 76,000,000% in the last 12 months, collects MarketWatch.

“Seeing the rise of Bitcoin, some younger investors without a lot of money also want to profit from cryptocurrencies,” says Lyu. “But they would need more than $ 60,000 to buy a bitcoin. Then, they resort to SHIB, where you buy tons with only 100 dollars, “adds the manager, in statements collected by MarketWatch.

“These investors are very passionate about these tokens and are determined to drive up the prices,” says Lyu. On Change.org, a petition for SHIB to appear on Robinhood (NASDAQ 🙂 has received more than 490,000 signatures.

Despite SHIB’s loss of around 30% in the past seven days, Lyu said he would keep the meme coin for the long term, alongside Bitcoin and Dogecoin. Bitcoin can be seen as a hedge against inflation, while dog-themed coins represent the power of the community, according to Lyu.

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HELEN HERNANDEZ

Helen Hernandez is our best writer. Helen writes about social news and celebrity gossip. She loves watching movies since childhood. Email: Helen@oicanadian.com Phone : +1 281-333-2229

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