Hey Everyone,
If you've had your head under a rock you might have missed the #SHIB pump. It is up 140% in the last week and over 700% in the last month. Yesterday SHIB flipped DOGE to become the 8th largest crypto by Market Cap, while DOGE is 10th. People are having powerful emotional reactions.
https://twitter.com/kiplukk/status/1453723499898425349?s=20
- kiplukk
https://twitter.com/TheCryptoLark/status/1453646019418214405?s=20
- TheCryptoLark
Of course with such a huge move everyone is talking about it, some fearing this will hurt crypto's credibility. That kind of made me laugh after watching Pixel Rocks sell for millions.
I enjoy watching a good pump and I don't hold nor do I intend to hold any SHIB or DOGE for that matter, but it's fun to watch and the hidden message here, is people clearly still have some money to play with.
I don't have any advice for anyone here, but with any coin after those kind of gains, be cautious.
Meanwhile overnight in my timezone BTC topped $61,359 and despite all the doom and gloom I think the bull market continues.
Historically November is a great month for Bitcoin and I'd like to remind you what the price of Bitcoin was one year ago today.
Did you have any SHIB or DOGE? Will you consider buying some?