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SHIBA INU could explode as whales are buying millions of dollars of SHIB

by Nadja
Shiba Inu My2Coins

The Ethereum Whale spent $ 1.2 million to accumulate 49.9 billion SHIB tokens.

The Shiba Inu token can now be purchased at 4,000 ATMs in the United States and Brazil through Coin Cloud.

SHIB ranked in the top 10 for trending pieces in Asia for the first two weeks of October 2021.

With 637,366 mentions on crypto Twitter, SHIB ranks second in social dominance over the past week.

The accumulation of Shiba Inu by the whales continues as the memecoin prepares to burst. The Dogecoin-killer is all the rage on social media, behind Bitcoin in popularity.

ANALYSTS EXPECT 100% SHIB price gains as whales keep piling up

A large portfolio investor identified as an Ethereum whale spent $ 1.2 million and bought 49.9 billion SHIB tokens on Binance earlier in the day. The price of SHIB plunged after a massive rally in memecoin; the whales accumulated the Dogecoin-killer throughout the dive.

Historically, a drop in the price of SHIB is followed by an accumulation of whales and a second rise. Traders expect another bullrun in SHIB.

Updates to the SHIB ecosystem include the “Shiboshis” naming feature (10,000 NFT minted on ShibaSwap) and the ability to purchase memecoin at Coin Cloud ATMs.

Coin Cloud is considered the world’s largest network of two-way digital ATMs, with 4,000 ATMs in the United States and Brazil. The ATM network now supports SHIB. This makes SHIB more accessible to users and enhances its usefulness.

SHIB’s popularity among social media traders peaked with its massive rally. The social dominance of memecoin is second behind Bitcoin, and CoinGecko ranked SHIB as one of the 10 hottest cryptocurrencies in Asia (October 1-15).

Cryptocurrency analyst and SHIB trader, expects the price of altcoin to rise 100% and hit the next target of $ 0.00005.

Netcost-Security analysts assessed the price trend of SHIB and predicted that the Shiba Inu will resume its uptrend as it trades at stable support.

Where to buy SHIB ?

Shiba Inu (SHIB) can be bought on several Exchange platforms:

BINANCE : The most known cryptocurrency Exchange offers the ability to buy SHIB as well as invest them in a saving account to get interest (up to 5.25% at this time). SHIB is paired with USDT.

KUCOIN : Another Top Exchange on which you will have the opportunity to buy and lend your SHIB to others and gain revenue from it. SHIB is paired with USDT.

POLONIEX : A good Exchange on which you can buy SHIB with TRON (TRX)

Mining SHIB possible ?

As SHIB is a token on the ETH blockchain, and not a Coin, it is not minable. Nevertheless, there is a way to mine another coin and get paid in SHIB, one pool allows this : Unmineable Pool

How to proceed ?

Depending on your equipment, you can mine with your GPU or CPU by choosing the right algorithm. For GPUs you’ll have the choice between ETHASH, ETCHASH or KAWPOW. For CPU you’ll have to select RANDOMX.

Which miner software to use ?

This is up to you to use the miner you prefer. Phoenixminer and NBminer are good choices, but I invite you to make your own research and pick the one that fits your needs (especially depending on your GPU).

As an example, here is the command line you should have in your start.bat file for Phoenixminer:

PhoenixMiner.exe -pool -wal COIN:YOURADDRESS.WORKER_NAME#ira0-spgk -pass x

You’ll probably notice the extra #ira0-spgk next to your chosen worker name; it is a referral code which will allow you to enjoy a lower 0.75% pool fee instead of 1%. Don’t thank me, you are very welcome 🙂

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