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Three reasons drive the price of SHIB soaring

October 28, 2021
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News on October 28, TradingView data shows that since trading at a low of $0.0000069 on October 1, the price of SHIB has soared 914% to a record high of $0.0000699 on October 27, and its 24-hour trading volume has soared. Increased 137% to 24.67 billion U.S. dollars.

Analysts said that the three reasons for the surge in Shiba Inu’s price and trading volume include:

  1. Listed on multiple crypto exchanges, users have increased access to the token.
  2. Shiba Inu launched its own NFT series called Shiboshi’s.
  3. Its futures holdings on multiple exchanges such as OKEx, FTX and Huobi have surged.
Previous ArticleSHIB market value surpasses Polkadot
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