Here’s Why It is Best Time To Stack Shiba Inu, These Events Land SHIB Price At A Massive Profit

The post Here’s Why It is Best Time To Stack Shiba Inu, These Events Land SHIB Price At A Massive Profit appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Since the start of the week, the cryptocurrency market has been underperforming where Bitcoin had steeply fallen below the $40,000 level. However, the majority of cryptocurrency has performed well over the last 24hrs and even the flagship currency has gained back its $40,000 range.

Nevertheless, Shiba Inu’s native token, SHIB is among the top 20 cryptocurrencies by market cap and the SHIB token has surged by more than 20% over the past 24hrs.

This 20% rise comes after Shiba Inu got listed on the Robinhood website yesterday along with Solana (SOL), Polygon (MATIC), and Compound (COMP). As a result, Shiba Inu’s SHIB trading volume in the last 24hrs reached 450%.

Reason For Shiba Inu’s Price Surge

Live Streaming Of Metaverse Land Bidding Event

Today, the Shiba Inu took to Twitter announcing that its Metaverse, a 3-day bidding event for 35,000 pieces of land is live for the shibarmy. The possibility of this event turning out as a sold-out event is too high as the virtual world fanatics were eagerly waiting for this event.

MilkShake, a Shib community member, asserts that the proposal around the popular hubs, streets, and areas is gaining more attention. Also to participate in the bidding process, users will have to have Leash or Shiboshi tokens locked.

In order to add pictures and logos of the land plots or to even rename them into the planned metaverse, SHIB tokens will be used. Interestingly, the Metaverse allows you to swap images and rename them evermore and the SHIB tokens that will be used in this process will be burnt to help the community.

ETH Whale Adds Another 775 Bln SHIB

According to WhaleStats, the 12th biggest whale on the Ethereum network, “BlueWhale0073” has now made a purchase of 775 billion tokens, marking one of the largest Shiba Inu purchases over the last few years.

Earlier multiple whales have grabbed over 393 Billion SHIB and this happened just before the Robinhood made an attempt of listing Shiba Inu on its platform.

At the time of writing, Shiba Inu’s price is changing hands at $0.00002636 with a jump of 12.47% in the last 24hrs.