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Shiba Inu Coin Price Prediction: Is the ‘Dogecoin Killer’ about to get even better?

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The volatility in Bitcoin – and by proxy, cryptocurrency stocks – this year has rekindled excitement in retail investors in a way it hasn't since the digital coin last peaked in 2017.
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The digital coin was inspired by the Japanese dog breed Shiba Inu, which became a viral meme in 2013, and dubbed itself the 'dogecoin killer'.

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World's largest cryptocurrency Bitcoin was trading on a flat note today. The price of Bitcoin fell 0.36% to $62,247 on Coinmarketcap. Market cap of the cryptocurrency reached $1,175.54 billion.
Shiba Inu coin's price had dropped more than 20 percent as of 10am ET on Thursday, according to CoinBase. However, it is now up more than 28 percent as of 5:00pm ET on Friday.

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Overall, it appears from these results that cryptocurrencies may experience short term intervals of co-movement, caused by sector wide news or cross market contagion, though correlation is likely to change dependent on the nature of the causal event and market environment. In the medium and longer term Bitcoin and Litecoin are strongly related; it is believed this is due to their similarity.

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    SpaceX CEO Elon Musk tweeted a photo of the newest member in his family, a pet, Floki, the Shiba Inu puppy, sitting on a Tesla. In September, he had shared a post welcoming a new member to his family.

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    Shiba Inu concluded a massive rally, and SHIB price plunged on October 14. Proponents were awaiting a Dogecoin flippening, however, SHIB dropped to 14th rank by market capitalization soon after.

    "The Meta-theme rally sparked off after Facebook’s Metaverse’ rebranding, with momentum showing no signs of unabating going into the new week," it added.
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    Live updates: PSU offense sputters again, holds narrow halftime lead vs. Maryland

    Cryptocurrencies and decentralised finance tokens are highly volatile. Picture: Karen Bleier / AFP
    OKEx CEO Jay Hao says, “The Shiba Inu community has been gaining strong momentum from the weekend deposits, and we look forward to witnessing its robust development. We are happy to be the first major exchange to offer SHIB to open the crypto gateway to these enthusiasts.”

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    And as a volatile, highly speculative investment, many investors are appropriately cautious. But for those who are interested in crypto but not in buying and holding actual cryptocurrencies, there are still ways to invest, albeit indirectly. And you might already have exposure to cryptocurrency without even knowing it.

    SafeMoon price has made some astounding progress in October, rallying over 145% from the lowest open in its history on the first day of October to its present new two-month high. After hitting the required $0.0000024 level above the Cloud, SafeMoon spiked on Monday for a gain of over 22%. And it is likely to continue a move higher before facing any resistance.
    The coin has also won a handful of celebrity backers, from former boy band stars to pro athletes.

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As transactions increase, the service charge will be gradually decreased up to by 10%, thus bridging the gap between early and late investors. 4JNET’s early investors need to pay high service charges even if they buy at an earlier time, which are automatically put into the liquidity pool to promote steady price increase and alleviate price instability that results from the selling pressure.

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