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Shiba Inu Price Explosion – Meme Coin up 20%

 


The Shiba Inu coin has risen massively in the last few hours. The meme coin gained about 20% and thus made an extreme price jump for the first time in a long time. The meme coins remain a hot investment.


Silence around the Shiba Inu Coin for a long time

In the last few weeks, things have been rather quiet around the Shiba Inu Coin. For a long time, bearish news dominated the market and meme coins suffered losses as a result. Meme coins such as Dogecoin or the Shiba Inu record high price gains, especially during bullish times.



In mid-January, the Shiba Inu once again posted strong gains when Elon Musk announced that the coin could be used as payment for Tesla merchandise. After that, however, little was heard of the cryptocurrency.


Shiba Inu up 20%


Now there has been a massive increase in the price of Shiba Inu by around 20%. It went from $0.00023 to $0.00028 in just over an hour. The rise came at a time when bitcoin and other coins are in more of a sideways movement.


The meme coins like Shiba or DOGE can always see extreme price jumps within a short time. There is always uncertainty as to how stable these price movements are. Meme coins are considered to be much more volatile than other types of cryptocurrencies.


Can Meme Coins explode further soon?

With the rise of the Shiba Inu course, we can be the great potential of the meme coins. If the bull market picks up speed again in February, these coins could see extreme price increases again in the next few weeks.



It is therefore advisable to also keep a certain proportion of meme coins in your portfolio. Although there is a higher risk with this investment than with Bitcoin, for example, the possible profits can be extremely high.

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