SHIB = .00001 First they ignore you. SHIB = .0001 Then they laugh at you. SHIB = .001 Then they fight you. SHIB = .01 Then you win.

Is there a strong case for Shiba Inu? Investors are increasingly looking for some genuine potential. The price of SHIB has been increasing and Elon Musk has been credited for the rise.  Elon Musk sharing a picture of his pet dog Floki on a Tesla Electric Car was considered to be an endorsement of SHIB and this in turn led the price going up.  However, there are others who do not like crediting Elon Musk for the rise in the price of SHIB.

It just looks like:  “When markets go risk-on, the meme coins tend to benefit.” Some of the irrational rallies are prompted by moves by SHIB “whales,” who hold large amounts of SHIB. Eventually the moves are copied by so-called SHIBArmy.

Reportedly, the number of SHIB transactions worth more than $1 million has been going up dramatically along with the price rally.  Larger numbers of whale transactions is not the best news for SHIBArmy.

Shiba Inu is frequently being positioned as a Doge killer. For more clarity, self-claimed “DOGE killer” Shiba Inu (SHIB). Very often Shiba Inu has been looked at by investors as having a desperate attempt to catch some of Dogecoin’s meme success, and therefore causing many of them to dismiss SHIB as frivolous.  Crypto natives and newbies are willing to try SHIB.

Robinhood cryptocurrency trading app recently added Dogecoin on its platform and following this event the price of SHIB went up. The expectation is that SHIB will be listed in the Robinhood app. And several SHIB advocates are encouraging buying and holding of SHIB.

Robinhood app provides for commission-free investing, plus the tools you need to put your money in motion. They facilitate investing for everyone. Their goal is to make investing in financial markets more affordable, more intuitive, and more fun, no matter how much experience you have.

There is no clear idea where the price pump started, but Elon Musk is frequently projected to have been the person to have triggered the crazy gains with SHIB.

It might also be possible that investors got comfortable with the idea of investing when the market started to climb back.

There are also claims that SHIBA INU will come up with lot of NFTs in the coming days, thus including a new token burning mechanism.