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The digital currency “Shiba Inu” reaches a new peak and records a monthly return on investment of 850%!

The digital currency “Shiba Inu” reaches a new peak and records a monthly return on investment of 850%!

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Answer The digital currency “Shiba Inu” reaches a new peak and records a monthly return on investment of 850%!

What started as a prankster digital currency is now a serious investment for retail traders.

The digital currency “Shiba Inu” has made massive gains in the past month, outperforming many other large cryptocurrencies and hitting all-time highs with the latest being over $0.000068 earlier yesterday, October 27.

After that, the price of the currency reached a new record level at $ 0.000086, according to the “Platform” platform.Flying bird“.

The digital currency “Shiba Inu” hits a new high:

The Shiba Inu cryptocurrency, which promised to be a Dogecoin killer at its launch last year, has surged nearly 900% in the past month, 100% in the past seven days, and 35% in 24 hours.

Read:Hacking a cryptocurrency exchange and exposing user information

Depending on the data aggregation platforms CoinMarketCap or CoinGecko, it is either the 11th largest cryptocurrency by market capitalization or it is ranked 9th.

Currently, most cryptocurrencies appear in red, while the digital currency “SHIB” bucked the trend and remained on the green side.

The largest digital asset by market capitalization, Bitcoin failed to overcome the $64,000 level this week, falling back to sub-$60,000 levels.

Most cryptocurrencies suffered losses as well, with Ethereum barely staying above $4000.

Even more impressive is SHIB’s year-to-date performance, with the coin’s price increasing by more than 60,000,000%.

Meaning if you hypothetically invested $1,000 on January 1, it will reach several million dollars now, if the investor still keeps what he has of course.

Not only did SHIB increase its price, but it launched non-fungible NFT tokens, which also increased in value since its launch, which we discussed in previous articles on Arab Bitcoin.

SHIB digital currency outperforms everyone:

Data from the analytics firm IntoTheBlock confirmed that the SHIB cryptocurrency recorded an impressive performance on both the monthly and weekly time frames.

As the trading volume increased in the past seven days, so did the transactions.

New titles continued to appear as well, with nearly 50,000 titles joining in the same time frame.

The company concluded that somewhat expected given the aforementioned new all-time high just hours ago, nearly 100% of all portfolios are now in profit.

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