Shiba Inu (Shib) Futures trading volume around 78 times in seven days
Shiba Inu (Shib) Futures trading volume around 78 times in seven days
Shiba Inu-A cryptocurrency with the nickname "The Dogecoin-Killer" has recorded an exponential increase in the futures retail volume in the past few days. This is done in the middle of a parabolic pricing pump.
retailers float shiba inu
According to Intotheblock, the Meme Coinda's trading volume of Futures began on October 4 to rise to $ 1.24 billion. For the first time, this quickly rose to over $ 5 billion.
This corresponds to an increase in the commercial volume of Shiba futures in the past 7 days by 7700%. Most futures trade activities seem to be on Okex, followed by Huobi and Gate.
This number puts the still massive price gains that Shiba has recorded in the past few days. On October 5th, Shibas Prize was already 100 % within days. This happened after a whale bought the token worth $ 44 million at the end of September.
Newer data from Coingecko shows overall trade volume of 18 billion USD within the last 24 hours. It is also the currently fourth -fashioned cryptocurrency behind Tether, Bitcoin and Ethereum.
Shibas Surge and Elons Twitter
With its parabolic growth in the past few days, Shiba Inu actually begins to compete with Dogecoin to play the top dog position. It now has a third of its predecessor's market capitalization and is in 18th place at Coingecko compared to Doge.
The popularity of both tokens undoubtedly related to Elon Musk's praise for Dogecoin last year. In July, Elon even confirmed that part of his personal portfolio was in Dog. Even in a joke the leading cryptocurrency could become.
Recently, Elon Musk announced that he had a real Shiba-Inu, and sent a picture of it on his Twitter a few days ago. The tweet received over 350,000 likes and could be a reason for the excessive growth of Shiba compared to Bitcoin and other cryptos this year.
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