If you follow the news of the crypto market, you will have seen that the Shiba Inu (SHIB) memecoin has risen more than 100% in the past 2 days, with investors believing the token is listed on Robinhood.
With the rise, Shib became one of the TOP 20 cryptocurrencies with the best performance on Coinmarketcap in October with an increase of more than 500% in the period and thus outperformed Bitcoin (BTC) and Ethereum (ETH),Â the two most important cryptocurrencies on the market.
Handling, the cryptocurrency that was born with the sole purpose of being a Dogecoin killer (DOGE) rose almost 900% and 60% in the last monthTO in 24 hours and it even outperformed Dogecoin in market capitalization by being among the top 10 cryptocurrencies in the ecosystem.
But who has a lot to celebrate on this dizzying climb? is a Shiba pioneer who bought $ 8,000 worth of cryptocurrency when it launched last August.With the purchase, the investor took no less than 20% of the total supply of the crypto-asset.
Since then, however The price of SHIB has increased more than 60,000,000% and the $ 8,000 is now worth more than $ 5,700 million and so far nobody knows who the lucky investor is who has become another billionaire in the cryptocurrency universe in just over a year.
This wallet bought approximately $ 8,000 $ SHIB last august.
It’s now worth $ 5.7 billion.
From $ 8,000 to $ 5.7 billion in about 400 days.
Maybe we are dealing with the largest retail store ever. pic.twitter.com/LtdgQ83bKP
to???? Morning Brew â ???? ï¸ ?? (@MorningBrew) October 27, 2021
This portfolio bought around USD 8,000 in SHIB last August.
Now it’s worth $ 5.7 billion.
From $ 8,000 to $ 5,700 million in about 400 days.
Perhaps we are dealing with the largest single operation in history.
The billionaire could make his fortune even bigger
However, the new cryptocurrency billionaire could get even richer if Well, data from analyst firm IntoTheBlock confirms that cryptocurrency could soar higher as the month and week saw staggering deals for SHIB. The price has skyrocketed in the past seven days, as have transactions.
New addresses with almost 50,000 entries have also been added in the same period. In view of the new record mentioned above, it is not surprising that a few hours ago almost 100% of all wallets are profitable, the company ended.
$ SHIB has continuously developed better than the market.
In just 7 days:
– $ 4.59 in transactions> $ 100k
– Added 47,800 new owners
– Added + 22b in perpetual swaps volume
And of course keep 100% of the addresses #SHIBA are profitablehttps: //t.co/XrkLyI1e7w pic.twitter.com/FUl3LFjOGc
to???? IntoTheBlock (@intotheblock) October 27, 2021
SHIB has consistently outperformed the market.
In just 7 days:
– USD 4.59 for transactions> USD 100,000
– Addition of 47,800 new owners
– Recorded perpetual swap volume of USD 22 billion
And of course, 100% of the addresses that own # SHIBA are profitable.
This wave of investors in SHIB has also caused the analysts to remain optimistic and to continue to have an optimistic outlook for SHIB, which is forecasting an appreciation of 96%.The pseudonymous cryptocurrency analyst “IncomeSharks” has set a target price of 0.0001 USD for the meme token.
Even the US Senate candidate Shannon Bray, shared his optimistic outlook on SHIB.
Good Morning all. The sun hasn’t risen yet, but $ shib is. Hopefully that #SHIBARMY I got some sleep last night because today is going to be fantastic. pic.twitter.com/1KHFTP8H5O
to???? Shannon Bray (@ShannonBrayNC) October 26, 2021
Good morning everyone. The sun hasn’t risen yet, but SHIB has. Let’s hope the Shiba army got some sleep last night because today is going to be amazing.
The optimism about SHIB is also in the analysis of Akash Girimath by FXStreet, who believes that the SHIB token is set to a new high of up to 100%, although it’s already up an impressive 200% in the week.
“In this situation, SHIB is likely to race to its recently built high at $ 0.000088 and then mark the Fibonacci expansion level based on the 161.8% trend. If the bullish momentum resembles the later bullish pennant, investors can expect to see that the Dogecoin killer is hovering at the next level of $ 0.0000914. This rally would represent a 104% gain versus $ 0.0000446 and essentially double the market value of SHIB tokens, “he said.