Shiba is another memetic cryptocurrency inspired by Dogecoin.Unlike Babydoge, whose purpose is to supplement Dogecoins, Zhi refers to her style as a "Dogecoin killer".It has a thriving and expanding community.
whySHIBThe currency has been rising?
Shiba's latest surge can be attributed to Tesla CEO Elon Musk. On October 4, the electric car billionaire posted a photo of his Shiba Inu puppy Floki resting in a Tesla car on Twitter.This photo has inspired many investors to scramble to buy dog-themed meme coins.Dogecoin and Floki Inu also jumped up with Musk's tweets.
Is Shiba Inu still a good investment?
SHIB has risen by more than 22,000% in the past six months and nearly 12,000,000% in the past year.Many potential investors want to know whether Diesel has more room to operate.
Although it was just a joke at first, the Shiba encryption project is developing into a serious project with huge economic potential. The Shiba team has established an encrypted trading platform similar to Uniswap, which is also interested in NFT, which is a booming industry currently.