Shib Coin really made the world wonder in the last 24 hours if its going to be that one coin that goes up to $1 and makes so many people billionaires in no time.
One of the factors that the coin actually went up was that the whole market is booming at the moment with the price of Bitcoin near its all time high. Another reason is that the coin is listed in one of the top exchanges that makes it easy for people to gain access to and invest it.
Shiba Inu launched its own decentralized exchange (DEX), ShibaSwap, in July which adds up to the interest level that people are taking in the coin as well.
Many of the investors who were actively taking part in Doge coin are sliding down towards some other alternatives and Shiba Inu Coin seems the perfect fit for many.
It could also be that a small upward trend got caught up while people started noticing this coin which followed up with more and more people investing in the coin to chase the coin price rising spree.
Now the big question is that should you buy the Shiba Coin now or not?
The coin even though has risen quite a lot I would still say that the coin is still in its infancy and it wouldn’t be a bad choice to put your investment in the coin if you want to have a long term investment with a considerable high return.