First, because of the low price, a few dollars can have hundreds of thousands. For new users, the entry threshold is low. The full name of SHIB is Shib, which means Shib in English, but according to Chinese pinyin, it just happens to be called Shib, so this name was called later. The second reason is that the FOMO mood in the bull market is very high. In 202 1 year, the cumulative increase of SHIB reached 280,000 times, and there were countless zeros. Third, of course, it is related to Musk's "calling list". In mid-March, 20021year, Musk tweeted that he would raise a Shiba Inu for himself. Before dogecoin could rise, SHIB's team immediately ran out to touch porcelain and said that Musk was going to buy Shiba Inu coins. So the shit money began to explode, the kind of explosion that made people stunned.

On June 8th, a petition calling on Robin Hood to launch SHIB has received more than 250,000 signatures.

2. David Goldstein, CEO of 2. PAC agreement, Twitter said that encrypted whales are buying SHIB in large quantities. Twitter user @NastySHIB commented that there are several encrypted whales buying SHIB. The biggest transaction so far involves SHIB, worth 46 million dollars. According to the monitoring data of @WhaleStats, an encrypted whale bought 6178758122373 Shib on September 30th, 200212002 (worth 43.83 million USD). Later, the same encrypted whale obtained 276 billion SHIB in three times (1160 billion,159 billion and100 billion respectively). These transactions were completed in a few hours.

3. eToro, a multi-asset investment platform, has been launched in SHIB. The company said that this decision was made according to the large demand of customers. As early as May, 20021year, eToro introduced Dogecoin. Since then, Dogecoin has soared to an all-time high of around $0.50. With the soaring popularity, SHIB hit a record high of 202 1 in mid-May. Although the decentralized exchange (DEX)ShibaSwap attracted a total warehouse lock volume (TVL) of $6543.8+760 million a few days after its launch, it has dropped by 80% since then. According to DeFiLama's data, ShibaSwap TVL had fallen to about $400 million when this article was published.

It took Marcus three hours to finish all the programming of dogecoin. At that time, anyone could have it for free. However, generally speaking, the more exquisite virtual currency project still needs to hire someone to do it again, create a new algorithm that looks different, and write a white paper to explain the significance and great prospects of this project. Marcus has to go to work, so he doesn't have much free time to do this. It's extravagant to spend three hours fishing. So Marcus directly brought the code of Litecoin, only changed a few key parameters, and copied all the others. What key parameters have been changed? First of all, the icon was changed to the dog's head, which is the most remarkable innovation of dogecoin.