Fundamentals:
According to their official website, SHIB is an experiment in decentralised spontaneous community building on platforms such as reddit, twitter, discord
The crypto market is a volatile and unpredictable one, and often cryptocurrencies that have no reason for being on top often get pumped up.
However, the coin has pumped this time after a tweet from Tesla CEO and Dogecoin investor Elon Musk.
The price of Shiba Inu had earlier skyrocketed in a very short period after Musk shared a picture of his new pet dog named 'Floki'.
On Monday, Musk tweeted yet another image of the pup with the caption ‘Floki Frunkpuppy’ which caused a sudden surge in the token’s prices. So there's definately a spontaneous element to SHIB populatity
Trading:
I look for a support trendline from which to buy
i never short as alts are way too volatile
According to their official website, SHIB is an experiment in decentralised spontaneous community building on platforms such as reddit, twitter, discord
The crypto market is a volatile and unpredictable one, and often cryptocurrencies that have no reason for being on top often get pumped up.
However, the coin has pumped this time after a tweet from Tesla CEO and Dogecoin investor Elon Musk.
The price of Shiba Inu had earlier skyrocketed in a very short period after Musk shared a picture of his new pet dog named 'Floki'.
On Monday, Musk tweeted yet another image of the pup with the caption ‘Floki Frunkpuppy’ which caused a sudden surge in the token’s prices. So there's definately a spontaneous element to SHIB populatity
Trading:
I look for a support trendline from which to buy
i never short as alts are way too volatile