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Shiba Inu Coin has seen a massive upscale in price over the month of October. From being several decimal places behind its coveted one cent milestone, it has now jumped closer to its goal in just a matter of weeks – hours, actually, if we’re being more accurate about how it all went down in the first place.
Now as the month of October ends and November drawing near, many are still keeping an eye out for SHIB’s progress. What’s next for the beloved token? Will it hit its goal by the end of 2021? Where is it standing now?
To answer these questions with more context, we need to back track for a bit. What exactly happened to Shiba Inu Coin this month that caused so much change in its price in such a short burst?
Well the answer is as simple as a Tweet.
The well-known tech giant himself, Elon Musk, simply tweeted about his new Shiba Inu puppy named Floki, on the morning of October 4th. Within just hours of this tweet, all dog-themed – and most importantly, Shiba Inu-themed coins – experienced a shocking rise in value with Shiba Inu Coin leading the race, leaving its competitors, even Dogecoin, in the dust.
The rally behind the coin was massive. #SHIB trended several times on Twitter’s Top 10 that day, and has seen the trading volume of the crypto tog.
This development evidently expands the already growing utility of SHIB and is impactful in the long run in terms of price growth and adoption into the mainstream. To add to the excitement of this new listing, for ever transaction with SHIB through the app, a part of the fees with be burnt which will remove portions of the overall SHIB supply for circulation. Considering that Shiba Inu Coin
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