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Shiba Inu Hits Record High: Know The Probable Reasons Behind Its Record Gains


While the biggest crypto by market cap has lost ground from its life time high, Shiba Inu currency has been gaining ground and has hit an all time high. At the time of writing this copy, Shiba Inu was up by over 26 percent at $0.00005357 . And on the gains, the m-cap of the digital token has touched to $21,346,987,930.

Shiba Inu Hits Record High: Know Probable Reasons Behind Its Record Gains

Here are listed few of the reasons for the gains in Shiba Inu

First note the gains continue to be seen on the currency even after a report confirms that Elon Musk-with biggest influence on the crypto prices confirmed that he does not holds Shiba Inu currency.

The trading platform is set to add the coin on its platform which is facilitating the token to spike both in volume and price. On the record gains, the digital token remains the 11th most valued crypto after Dogecoin.

The site has been advocating the listing of Shiba Inu on Robinhood.

The token has already been listed on Coinbase Global

Another report suggest that an anonymous crypto whale purchased 276.6 billion shiba inu tokens for about $11.5 million as per the data from WhaleStats that tracks activity for the 1,000 largest ether wallets. The purchase brought the crypto whale's total holdings in shiba inu coin to 316.5 billion, worth about $15 million and the largest position in the wallet.
On the continuing spike now, Shiba inu crypto has become valuable than some of the India Inc. names such as Adani Enterprises, Tata Steel and Tech Mahindra

Read more about: bitcoin cryptocurrency shiba inu
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