Shiba inu is generally perceived as a meme currency similar to other dog-themed cryptocurrencies such as dogecoin and has a similarly viral following of more than 1.2 million people on Twitter. SHIB’s price often makes news headlines, as it routinely notches tremendous gains and endures equally steep losses.
Shiba Inu Coin – the Dogecoin competitor, which is based on the same breed of dog – has seen its price cool off a little recently.
It reached a record high of $0.000088 in late October, but has now dropped to $0.000045.
The coin fell rapidly at the end of October, which was put down to a whale moving $2.3 billion worth from their crypto wallet.
It now has a market cap of just under $26 billion.
But what is making is so popular, and is it possible to predict if it could continue to grow?
Here is what you need to know how to buy SHIBA inu coin
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