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Shiba Inu’s price hikes can be credited to people and governments increasingly accepting cryptocurrencies. Bitcoin is one of the most profited cryptos in September following the El Salvador government adoption as a legal tender. 

Developing nations, like Honduras, Panama, and Brazil, find cryptocurrencies a safe house taking advantage of price drops, a blessing due to their volatility. But not everything is perfect in the world of cryptos since the SEC keeps on sueing various cryptocurrencies, which affects the market sentiment as a whole. 

Many questions should be addressed regarding the price of Shiba Inu Shib in the future. Crypto traders and investors are keen on seeing the anticipated future of crypto tokens such as Shiba Inu Shib.

Shiba allies project that the Shibarium, Shiba Inu’s blockchain, will boost the popularity of the coin by allowing users to trade Shiba Inu without having to pay enormous fees. 

By analyzing the market capitalization of Shiba Inu and the unforeseen flood in its value, it is destined to drop the price surge bombs time and again. It is upheld by a vicious community that sprays promotion on social media hype to assure the coin’s value rises to the moon.

The surge on September 16 sliced many resistance levels in the process. The price increase followed the coins listing on Coinbase as $870 million was tapped into Shiba Inu in just a matter of 24 hours.  

Interestingly, of those 900,000 followers for the dog meme coin, only 12.4% of those followers are reportedly ‘Fake’ with 84.72% of ‘Active Followers’, according to the data shown by some legitimate sites, highlighting the increasing attention amongst actual retail investors in the digital asset.

Owing to an enormous rise in popularity on social media, the meme coin has passed long-time projects such as Litecoin, popular Defi, Uniswap, and even Solana in terms of followers.

The Shiba Devs have recently dropped a bomb on their Twitter account, of nearly one million followers, hinting there will be some news on the Shiba ecosystem soon. 

They’ve said “Something special is in the works #Shibtastic things are on the way. Stay tuned for all the perks! All for the #ShibArmy to play!” 

Volatility ordinarily spikes after this development, and the cost may then break out one or the other way. Given some subtle signs of sideways, the meme currency may be expected to rebound, driving altcoins to take action accordingly. 

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