Due to Continue growth of shiba inu in last one week now shiba inu become 20th largest digital asset by market capitalization.
Shiba inu market cap jumped to 11.08 billion in last 1 week an currently above of 10.5 billion dollar. This is reason why shiba inu now in #20 in the rank. As a result meme coin like dogecoin , shibainu become more valuable than the popular blockchain like matic(polygon) , BNB , Tron (TRX).
Shiba Inu Market Cap Source: Coinmarket Cap
The main reason behind the growth of Shibainu is the tweet of Elon Musk On october 4. Elon musk posted a picture of his pet dog and captioned with "Flokki Frunkpuppy". After the shib inu pump more than 35%.
Elon Musk Tweet:
https://twitter.com/elonmusk/status/1444840184500129797?s=20
Now after the pump of shiba inu price from 4 october it will start dump countineously from 7 october. As shown in 4hr. chart the shiba inu price is decresaing day by day.
In other words shiba inu price go below 0.00002000 in the next session if mentiond support level was broken.
 |
| Shiba Price Source : Treadingview |