Shiba Inu Sees Record Speculative Frenzy, Snaps 5-Week Winning Trend

Posted on by American Coins & Gold

Shiba Inu Sees Record Speculative Frenzy, Snaps 5-Week Winning Trend
Speculative fervor in popular meme token shiba inu (SHIB) recently reached unprecedented levels, reprising the retail frenzy observed ahead of May’s price crash.The number of addresses that acquired the cryptocurrency within 20% of the all-time high price climbed six-fold to a record 116,560 in the eight days to Nov. 2, amounting to 12% of the total count of non-zero addresses, according to data provided by blockchain analytics firm IntoTheBlock.The spike in so-called “All Time Highers” addresses tracked by IntoTheBlock indicates a rush to buy the cryptocurrency near the lifetime price high – a sign of fear of missing out (FOMO)…