By Shiba Inu, nicknamed the "Sleeping Giant", is a cryptocurrency that was launched in August 2020 as a digital currency for settlement in the dog community. It is designed to be an alternative to Bitcoin and aims to facilitate micro and microtransactions around the world. Shiba Inu is based on blockchain technology and provides a decentralized model of money and financing. Shiba Inu is considered one of the most prominent new cryptocurrencies that is increasingly popular, and despite its extreme price fluctuations, it arouses the interest of many investors and traders in the world of digital currencies.
The recent rise in the price of Shiba Inu (SHIB) has attracted the attention of many investors and traders in the world of digital currencies. The rise in its price is attributed to several factors, including:
1. **Excessive interest from investors:** Due to the popularity of cryptocurrencies, many are looking for new and interesting currencies such as the Shiba Inu, which can lead to increased demand for them and thus their price.
2. **Media influences:** Media reports and marketing campaigns may play a role in increasing awareness about the currency and encouraging investors to invest in it.
3. **Natural fluctuations:** Price fluctuations are an integral part of the digital currency market, and sharp price changes can occur quickly as a result of multiple factors.
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