Note: All my articles start with this phrase - I am not a financial advisor and this is only my opinion based on my findings.

Only a few weeks ago, it was around 0.000007 and at the time I am writing this it is currently at 0.00007 - well it has made basically X 10 increase. This has made Shiba one of the highest rank #8 cryptocurrencies. There might be several possible reasons for this rise in price but what is important for us to assess is - will the price go further high or will it fall?

Well this started like a few weeks ago, when the price reached at 0.000028, I thought that it was a Pump and Dump, that the price was going to drop back to 0.000007 but it did not. It kept going up reaching the current price of 0.00007. Though there are various claims that the price will dump very soon, a lot of whales have already placed their sell order and once this is done, the price will fall drastically. In my opinion, these might be FUD to force people to sell their tokens - specially from those who haven't bought the token when it was at a cheaper price.

Well, in my opinion (little experience that I have), I believe that the price can go slightly higher. For now, I will admit that it is hard for me too to believe that it can reach $1 due to the volume of circulating supply. But I am strongly confident that SHIBA will very likely kill one more zero very soon. A lot of people keep buying SHIB token and I also heard rumors (I don't know if it's true) about burns happening very soon. Well I choose to buy a few more and see how it goes. I believe in taking risks but I hope I do not end up regretting my decision. I have just bought around $1000 worth of SHIBA INU a few hours ago and I am confident that the price will go up again.

binance.com

Please note that I am an inexperienced investor (or not investor just someone who buys tokens) and I may be making a mistake right now - but still I will share the outcome in my next posts to see how much these $1000 turns out to be. I am now going to make some coffee and continue my work as a software developer - I will check back the price a bit later today to see the progress. I will try to compile my Order history after some times and write an article about what I did right and what mistakes I made so that you can learn from it too :)