Today, SHIB soared 15%, and the whole cryptocurrency circle went crazy!
Today, I don't know what happened, but SHIB soared 15%! Wow, the whole cryptocurrency circle seemed to be on fire, it was crazy!
I was driving at the time, and a friend told me that SHIB had gone crazy; I habitually opened my phone to check the market, and when I saw the red increase in SHIB, I instantly woke up. 15%, this is not a small amount. I was so excited, and I felt like I missed a few hundred million. But then again, I have been in the cryptocurrency circle for so long, and I have seen a lot of such ups and downs, but every time I encounter it, my heart still beats faster.
In fact, SHIB has not been easy along the way. When it first came out, many people were not optimistic about it. They thought it was just a joke coin with no real value. But who would have thought that it would develop so stumblingly all the way. And its community power is really strong. Those loyal fans of SHIB have been silently supporting it. They promote it on various social media and organize various activities to let more people know about SHIB. I have to say that this kind of community cohesion is really important in the currency circle.
Take this surge as an example. I think there may be several reasons. On the one hand, the sentiment of the entire cryptocurrency market seems to be more optimistic recently. Mainstream currencies such as Bitcoin and Ethereum have a certain increase, which has also led to the rise of some other small currencies. SHIB, as a more representative meme coin, is naturally affected. Everyone thinks that the market is good, so they want to take the opportunity to make a fortune, so funds have poured into SHIB.
For SHIB, although it has risen sharply today, we cannot ignore its risks. For example, its price fluctuations are very large, and the circulation volume in the market is also large. This means that its price is easily affected by market sentiment and funds. If there is not enough good news to support it, its price may fall back soon.
