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Shiba Inu cryptocurrency has risen in price by 320% over the week. Not without the help of Elon Musk

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Bitcoin, which rose noticeably in price yesterday, can only envy the growth dynamics of another digital coin – Shiba Inu. During the week, she added more than 320% of the cost, daily growth – about 35%. Such a rise allowed Shiba Inu to enter the Top 20 cryptocurrencies in the world: in the CoinMarketCap rating, it has secured 17th place.

The capitalization of Shiba Inu is currently almost $ 12 billion. Bitcoin is, of course, far away, but Chainlink and Litecoin are just a stone’s throw away. What contributed to such a rapid rise in the value of Shiba Inu?

https://twitter.com/elonmusk/status/144484018450012979

Elon Musk, his Twitter page and the photo of Floki’s puppy posted on it on October 4th. Floki belongs to the breed of Japanese hunting dogs Shiba Inu, and one photo of a billionaire puppy was enough for the meme digital coin to enter the Top 20 major cryptocurrencies in the world.

Shiba Inu was created last year by someone named Ryoshi. Its description indicates that it is “a decentralized meme token that has evolved into a vibrant ecosystem“. It looks like Ryoshi was inspired by another meme cryptocurrency, Dogecoin, created as a joke in 2013. Meanwhile, Dogecoin and Litecoin are already accepted as a means of payment in the world’s largest cinema chain, so it is possible that Shiba Inu will grow to the heights of universal (almost) acceptance.

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Phones

Four iQOO smartphones will receive Android 12 in December

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The iQOO brand has revealed Android 12 release dates for a number of its models. True, we are not yet talking about the final version of Android 12 – it will have to wait longer.

IQOO 7, iQOO 7 Legend, iQOO Z3 and iQOO Z5 users will receive the Android 12 beta at the end of the year – at the end of December. And at the end of March 2022, the beta version of Android 12 will be released for iQOO 3.

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Phones

Another foldable smartphone comes out in November – with 120Hz OLED screen, Snapdragon 888 and 50MP camera

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Details about the Oppo smartphone with a flexible screen appeared on the web. According to the source, the device will be released in November and will be built on a single-chip Qualcomm Snapdragon 888 platform.

The smartphone does not have a name, but the key characteristics are listed. So, the device is assigned an OLED screen with a diagonal of 8 inches with a frame rate of 120 Hz, a 32-megapixel front camera and a multi-module main camera with a main sensor with a resolution of 50 megapixels, a 4500 mAh battery with support for 65 W fast charging. The operating system is expected to be Android 11 with ColorOS 12 interface. There is no price, but it will probably be more affordable than the Samsung Galaxy Z Fold3.

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Not a trace remained of $ 66,000. Bitcoin fell, followed by Ethereum

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The week began for the main cryptocurrencies of the world with a rise in price and the establishment of new price highs, and ends with a fall, and quite noticeable. Over the course of a day, Bitcoin loses about 4.5% of its value, and as a result, for 1 BTC now they give not $ 66,000, but about $ 60,500.

After Bitcoin began to fall, Ethereum was still holding, but its rate had already gone down too, dropping below the psychological mark of $ 4,000. Analysts believe that such a fall in cryptocurrencies is due to their sell-off on the part of investors – they are fixing profits against the backdrop of a strong growth in value that has been observed since the end of September. This means that after the current correction, Bitcoin may rush to new heights, but whether altcoins will follow it is a big question.

Not a trace remained of $ 66,000.  Bitcoin fell, followed by Ethereum

Interestingly, against the background of a decrease in quotations of other cryptocurrencies from the Top 10, Solana feels very confident: it grew by almost 6% per day, and by almost 25% in a week.

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