And this is why. By

© Reuters

By Laura Sánchez – 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, 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.

Read also:

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


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

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker