Price History

Talking about its price history, when it launched in 2020 it was worth somewhere around $0.0000000001 and stayed there for most of the nine months of its existence.

However, when DOGE rallied in May 2021, people started to look for another dogecoin and a lot of the users set their eyes on SHIB. On May 8 when Elon Musk appeared on the Saturday Night Live show, the price surged, marking a rise of 260%. while his appearance on the TV shows the DOGE’s price, SHIB continued to grow and reached an all-time high but the crypto market also took a big hit days later and SHIB Was heavily affected. It dropped to $0.0000000001 and went back a few days later but it wasn’t able to reach a high.

As with teh entire market, there are moments when the prices rise and there will always be moments when they crash. The fluctuating price is down to the fact that traders worldwide are buying and selling at any given time so as well as the traditional factors like the flow of crypto on exchanges and the market economy is, the SHIB price will be influenced by the attention on social media and the rest of the project developments like the launch of ShibaSwap.

Shiba Inu has taken the center stage according to Google Trends and the retail investors almost always play a huge role in the crypto space but it seems that they are yet to arrive on the BTC scene at least that is what Google trends data shows for the biggest cryptocurrency. It also seems that the retail traders have a new favorite, Shiba Inu. BTC and retail investors are moving hand in hand and back in 2017 when the crypto charted its ATH of $20,000, smaller investors were behind the rally. Something similar happened four years later when BTC hit its ATH in April and Google searchers as a valid indicator of retail behavior spiked once more.