In past 4 to 5 days Shiba Inu price was pumped approximately 200%. Now Shiba Inu is Under top 10 cryptocurrency.
It is reported that three reason are there due to Shiba Inu Price is sky rocket, it's listing on many exchanges due to that user access increased, It's own non fungible token(NFT) launch "Shiboshi's" and also it open an interest on multiple exchanges such as FTX, Houbi & OKEx.
Earlier my post on shiba inu is that how its become top 20 Cryptocurrency and what is next for it read the article because it following same pattern as i said before.
At the writing time Shiba inu is currently at 10th position while dogecoin is on 9th position. But before 10-12 hour ago shiba was at 9th position and dogecoin was at 10th position with a market cap $31.5billion. So flipping of dogecoin by another meme coin makes another hype in the market.
According to the twit of Morning Brew one such holder who invested $8000 in Shiba inu in last year august is now worth of $5.7 billion.
Other holder who invested in these coin and hold it for a year have massive profit of his investment. A holder claim that it invested $200 in the last year and now it become $21 million.
Should You Invest In It??
As I already said that shiba inu price is increased almost 200% in pas 4-5 days. So according to me its not right time to take new entry in it, if you are old holder than you can take profit from it or eighter sale it. The reason why you should not invest in it this time is that it is already over hyped.
When You Should Buy Shiba inu.
According to chart as shown in above if the downward is continuing then you have to wait for price test the support zone which is around $0.000051111 if it hold at this support an confirm the support then you can invest in shiba inu.
Note : Cryptocurrency is subject to market risk you can invest on your own risk.