The cryptocurrency Shiba Inu It was an excellent investment for Rob, a 35-year-old supermarket manager. In February invested US $ 8,000 in this token identified with the acronym SHIB when its value was US $ 0.0000001.
When the digital currency reached a price of $ 0.00035, this man decided sell a portion of your holdings for $ 500,000 and quit your job.
Read also: The “Maradolar” arrives, the first cryptocurrency dedicated to Diego Maradona
According to specialists’ estimates, this digital investor still has at least a million dollars in the cryptocurrency based on a meme that continues to rise.
How much the Shiba Inu cryptocurrency is trading now
On Friday the cryptocurrency Shiba Inu reached a price of US $ 0.00005648, which is still far from its all-time high, 0.000086, on October 28.
This investor earned US $ 68,000 a year from his job, so after selling part of his digital portfolio he decided resign and dedicate themselves to giving talks and participating in debates about cryptocurrencies and memecoins, the name given to crypto assets such as Shiba Inu and Dogecoin.
“We strongly believe that there is more to be accomplished with Shiba,” Rob said in an interview. “I will never sell our entire investment,” he said.
Shiba inu is a derivative of dogecoin, which itself was born as a satire for the cryptocurrency boom in 2013. However, its price soared in late October and even surpassed dogecoin at some point.
How much is a Shiba Inu worth
The price of Shiba Inu current is US $ 0.000057 USD. Shiba Inu trading volume for the last 24 hours is 11,217,963,609. Shiba Inu rose 11.16% in the last 24 hours. In the ranking of cryptocurrencies, it is in position number 11, below Dogecoin, another very popular crypto for being based on a meme and for being one of those promoted by Elon Musk.
It was precisely the founder of Tesla and SpaceX who made the price of “Shib” drop a lot due to a statement he made on Twitter. They asked him how many $ Shib he had and he said none.
Read also: Cryptocurrencies: scams linked to mining, digital wallets and money laundering grow
What is Shiba Inu currency
The coin Shiba inu is one of the cryptocurrencies known as “meme coin”, like dogecoin. It is worth a fraction of a penny on the dollar and is known as a “shib.” It has a growing army of retail investors. Its website calls it “a decentralized meme token evolving in a vibrant ecosystem.”
The cryptocurrency “Shib” has a market capital of about $ 30 billion and more than 500 billion tokens On circulation.