A cryptocurrency influencer has been sharing support for the Shiba Inu currency recently, and some believe the currency will rise significantly soon.
Will Shib's Coin Go Up? What an expert predicts:
Cryptocurrency influencer Coin Bureau recently posted a new YouTube video to his Coin Bureau account stating that the Shib currency could rise again. He said in the video, "There may be more to this token than meets the eye."
The Coin Bureau said it has been eyeing Shib coins for a few weeks now, especially after rumors that Coinbase will add Shib coins to its app, according to The Daily Hodl.
“Shiba Inu is one of the cryptographers in this category, and it's one I've only mentioned in a negative context. But when I heard that Coinbase will list SHIB, I started to consider the possibility that Shiba Inu might be more than meets the eye,” he said.
Why Shib Currency May Go Up Again
By FX Leaders, Coin Bureau suggested that the currency's success could depend on Dogecoin's fall in success. Dogecoin was one of the biggest cryptocurrencies in April and May - especially as Tesla CEO Elon Musk tweeted and talked about it - before it crashed, as I wrote to Deseret News.
“Where Shiba Inu and Dogecoin differ is the connections they have with the cryptographic community. DOGE is really just a meme and nothing more. …As Shiba Inu is community oriented, there definitely seems to be some seriously prolific people behind the project,” said Coin Bureau.
Will Shiba Inu's Coin Recover? Does it really matter?
Be cautious with Shib Coin
As CryptoMode reminds us, there is no science to cryptocurrency. In fact, cryptocurrency is volatile - you'll never know what's going to happen.
“Although the momentum this week has been promising for SHIB, there is still a lot of volatility in the market,” reports CryptoMode. “As Bitcoin and Ethereum go up, other assets can do the same. However, when markets fall again, it is not unlikely that Shiba Inu will see its value drop by a considerable margin. Therefore, it remains a speculative asset in the first place, and caution is advised. ”