New Delhi: Shiba Inu, the meme crypto is once again garnering the attention of cryptocurrency investors and has apparently become the favoured choice of this community. Reason for this is that a couple of cryptocurrency influencers believe that the coin will see fresh high soon and expect it to be substantial and not shallow surge.
Coin Bureau in a recent YouTube video said that “there might be more to this token than meets the eye.”
Initially, Shiba Inu entered global prominence after billionaire Elon Musk tweeted on this meme coin. Its next phase of growth trajectory came when ShibaSwap exchange came into existence. This further triggered rally in the crypto and this led to 14% spike in value of Shib coin. However, the coin again dropped to around $0.0000388, which is about 78% less than the crypto coin’s all-time high, as per Coin Telegraph.
July 20: Why so many noises for Shiba Inu coin
Meanwhile, the Shiba Inu community has a reason to cheer and celebrate as they are betting big on coming Tuesday. The crypto coin is set to host a virtual Shiba Inu party on July 20, informed Shytoshi Kusama, a Shiba Inu influencer.
On that day, hordes of Shiba Inu investors are set to gather for the party virtually and discuss things in detail including the ShibaSwap exchange. InvestorPlace.com reports that the investors may seek to invent a new sculpture for Shiba Inu coin.
As the value of cryptocurrencies including the Shiba Inu and Dogecoin get influenced by social media publicity and hype, the price of crypto coins are set to accelerate, post this party. Digital interaction of Shiba Inu investors on July 20 are bound to grab eyeballs and lure more people to buy the coin, which is already on Cloud nine since its inception.