Shiba Inu Hints A Possible Comeback! Is Shiba Army Ready?

Shiba Inu

Shiba Inu might come back with a high price with help of the Shiba Army

Shiba Inu is currently trading around $0.000023 with a market capitalization of nearly $15 billion. This is a huge difference from its 2021 lows of $0.00000516 and a market cap of under $1 billion. SHIB has consistently gotten rid of 0’s in its price, up over 90,800,000% on the year. It has been one of the most profitable investments not only in the past year but in the history of the economy up until late 2021. After its peak in October, Shiba Inu has fallen an astonishing (or predictable) 70%. This means an investment made in October of $100,000 is now worth just $30,000.

 

Is it Coming Back?

If Shiba Inu taught us anything, it’s that nothing is out of the question. SHIB shortly flipped DOGE in market capitalization, which few investors saw coming. However, a per token price of $0.01 would imply a market cap in the trillions of dollars. If Shiba Inu were to reach a penny, the cryptocurrency would be worth multiples more than Bitcoin. Because of the massive amount of capital required for SHIB to reach a penny, it’s highly unlikely this will happen.

 

The Formation of the SHIB army

In February 2022, Twitter announced the integration of Ethereum wallet support for its users to tip their favorite creators, supporters of meme cryptocurrency Shiba Inu want SHIB to be included as an option too. The tipping feature allows users including creators and journalists to monetize their tweets in the form of tips. Indian creators can only share links of their Ethereum, Bitcoin, Patreon, or Razorpay on their Tips section. More recently, Twitter also added support for the Paytm gateway for its Tips Jar feature. However, soon after the announcement, Shiba Army bombarded the microblogging platform with requests to make SHIB the next integrated option for Tipping.

SHIB army community that goes by the name ‘Milkshake’, consisting 269k followers on Twitter, requested Twitter to add Shiba Inu as a tipping option.  Some of the users even explained how SHIB would in fact be a better option than Bitcoin and Ethereum. “It will happen soon enough. I mean, what stable person buys anything or tips anyone in Bitcoin? And with wild gas fees and constant need for transactions, Ethereum is too valuable to waste. Shiba Inu is the perfect token for gifting. It’s the social coin,” said a Shiba Inu supporter, that goes by the username @CashSmartLCC on Twitter.

According to a Twitter blog post, since users “drive the conversation on Twitter”, the company wants to make it easier for them to “support each other beyond Follows, Retweets, and Likes,” and that’s why they introduced Tip Jar. “This is the first step in our work to create new ways for people to receive and show support on Twitter – with money,” adds the blog.

 

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