News Highlights:
01. 27.6 Million SHIB Burned in 24 Hours, While SHIB Community Keeps Growing
02. SHIBA INU MIGHT INCREASE IN PRICE BY MORE THAN 100% (Shiba Inu More and more ethereum investors are focusing on Shiba Inu and are buying up massive amounts of the dog-themed token as it’s recovering from its recent decline in price. Some investors and traders alike are even suggesting Shiba Inu is gearing up for a 100% increase in price at any time. We share this thesis for the time being, as Shiba Inu is very well positioned at the moment.
One of the crypto whales heavily investing in Shiba Inu goes by the name of Gimli and recently added 110 billion Shiba Inu coins worth around $3,62 million to his already big crypto portfolio containing a total of $47,8 million worth of just Shiba Inu coins alone.
Recently Shiba Inu announced that it will be creating its own blockchain and a Decentralized Autonomous Organization (DAO) in 2022. This puts Shiba Inu in the spotlight for investors and traders alike, as Shiba Inu might drop its memecoin tag and become a high utility token. Another crypto that is making big moves this week is EverGrow. Even after the recent crypto market crash, EverGrow is up over 140% this week. EGC is the first crypto that rewards 8% from every transaction among its holders in BUSD. Since its launch in September, EGC has already paid over $31 Million BUSD in rewards, )
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