Shiba Price Due To Rise

Shiba's massive push a few weeks ago is set to continue.

Let me give you my reasons why.

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1. Holders 929,627 - this is going up fairly rapidly with the expectation that we should be at 1m holders by the end of November. More holders = more users = more money invested into Shiba = increase in demand of Shiba = increase in price of Shiba. News of 1m holders will in itself be a cause of a price rise.
2. Robinhood listing - whether we like RH or not, any listing of Shiba is going to increase the exposure of Shiba to RH's investor base. This will no doubt have a positive impact on Shiba's price. This exchange seems to have a lot of people excited, a lot of people believe it will allow the types of investor that are casino style investors to jump into Shiba with quite substantial sums per average user. BUT the biggest question is whether RH will allow margin Shiba trading. In simple terms this will allow an investor with only $100 to invest in $1000 of Shiba, where the $100 acts as a 10% buffer against a 10% drop, e.g. investor goes long (i.e. believes the price will go up) and invests $1000 in the trade. If Shiba goes up by 50% he makes $500, that is $1000 + 50% = $1500. However, if Shiba falls 10% to $900 he loses his investment and the trade will be closed out. If RH allows this type of investment into Shiba then expect Shiba to sky rocket for a bit as every margin trader out there who invests in cryptos will want to make this play. It's too lucrative not to, especially as you can arbitrage exchange prices.
3. Kraken really did tease us, however, they are set to list Shiba as all their support staff tweets confirm. This will be another exciting event for us as Kraken, as I have mentioned before in my posts has exposure in over 176 countries. If we can get exposure globally through a recognised trusted exchange like Kraken then people will buy Shiba as it is always considered cheap in almost any currency. Shiba has that low cost image, where people feel good that they own millions or hundreds of thousands especially in less well-off countries. So, once again this is news we can look forward to that will increase Shiba's price.
4. I noticed that AMC are tweeting that they would like to accept Shiba. If this is true, then hold on to your Shiba, as this will cause Shiba to jump substantially. AMC has a huge community supporting it, with billions of dollars. Shiba has a higher market cap than AMC and the two will be highly complementary as they both have excessively powerful and loyal communities who will swarm social media with this news. If this news happens in time with the Christmas season then I can see this alone would be a zero removing price increase.
5. An important event to note is that Shiba's official Twitter handle "@shibtoken" zoomed past Ethereum. Its like when a kid can run faster than his parents - that's the moment where Shiba is in terms of publicity. What does this tell us? Shiba is here to stay and is destined to be a Top 5 with a possibility of overtaking Ethereum in the future. This has been covered in my past posts as to why this will likely happen.
6. Further news as to why Shiba is due for a rise is the simple fact that KuCoin CEO has maintained his belief of Shiba being an attractive proposition to investors entering the crypto space. Again I have posted about this before. KuCoin seems to be an under the radar event, but I can see more emphasis heading towards it once Shiba is on form again.
7. Shiba's community is truly almighty and powerful. So much so that hundreds of meme tokens a day are promoted as the next Shiba. This does cause investors who believe they have missed out on Shiba to stray into these new cryptos. They will come back to Shiba after they have lost out or made something on these currencies because Shiba is the Bitcoin of meme tokens. We have that prestigious coveted rank above all others. This is what happens, think about it for a second, when someone makes serious money investing in crypto they withdraw funds and probably 90% of the time purchase bitcoin from what I have seen. However, Bitcoin now offers returns that only makes equity/debt investors salivate as the volatility & risk is decreasing daily. It has less chance of doubling in value though which is why Bitcoin is losing its place as a speculation safe haven crypto investment and why Shiba is slowly adopting that crown that Bitcoin holds. Shiba has the ability to double, triple, quadruple, quintuple and much more.

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So there you have it, for now 7 reasons why Shiba is due to experience a price rise. Where will it go? If all the above are reasonably aligned you could have news momentum which could thrust Shiba well into the Top 5 this year!