Shiba Inu Crypto Price Hits Highest Point in a Year

According to Coinbase, the price of the Shiba Inu (SHIB) cryptocurrency was Rp 0.7753/coin on Wednesday, November 10, 2021. This price has surged more than 72 million percent year-on-year (YoY).

This increase in the cryptocurrency, which has a market capitalization of Rp 444 trillion, outperformed other cryptocurrencies such as Bitcoin (BTC), Dogecoin (DOGE), and Ethereum (ETH).

Solana also recorded a price increase of 10,593% to Rp 3.38 million/coin. Dogecoin saw a 9,852% increase to Rp 3,586.32/coin.

Avalanche (AVAX) also saw its price rise by 2,508% to Rp 1.32 million/coin. Cardano (ADA) increased by 2,026% to Rp 31,662/coin.

Polkadot (DOT) increased by 1,056% to Rp 718,690/coin. Ethereum rose by 957% to Rp 67.13 million/coin.

Uniswap (UNI) experienced a price increase of 771% to Rp 377,470/coin. Litecoin (LTC) rose by 360% to Rp 3.76 million/coin. Meanwhile, Bitcoin increased by 339% to Rp 946.72 million/coin.

Investing in cryptocurrencies is currently very profitable. However, it should be noted that high-return investments usually carry equally high risks.

Therefore, cryptocurrency investors must remain cautious to avoid being trapped by buying at high prices due to following the trend. Especially since cryptocurrency prices are highly volatile with wide fluctuations.