Shiba

Notable

Shiba Inu

Zero

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-coin-marks-notable-rise-by-dropping-a-zero-in-price/" data-wpel-link="internal">Shiba Inu Coin Marks Notable Rise by Dropping a Zero in Price</a> 
The second-largest memecoin Shiba Inu (SHIB) has made a noticeable exit by shedding another zero from its transaction value. The price of the meme-inspired altcoin has seen a noteworthy rise and is currently trading above the $0.0000100 level. The removal of a zero from the price with many zeros came with a growth of up to 7% in the last 24 hours. 
<h2 style="text-align: justify" id="strong-the-significance-of-dropping-a-zero-from-shib-s-price-strong">The Significance of Dropping a Zero from SHIB’s Price</h2> 
In the Shiba Inu community, especially during the major bull run of 2021, the concept of “dropping a zero” has become a symbolic and celebratory milestone. This expression refers to the price of SHIB gaining value while dropping a decimal place, that is, moving the decimal point one place to the right. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-301026" src="https://coin-turk.com/wp-content/uploads/2024/01/Shiba-Inu-SHIB-Altcoin-2.jpeg" alt="" width="1280" height="720"> 
During the bull market of 2021, SHIB often removed zeros from its price, becoming a phenomenon that energized its community. This event is not just a numerical change, but also significant as a representation of the growth in the cryptocurrency’s market value and investor interest. 
For the SHIB community, dropping a zero from the price symbolizes overcoming barriers, reaching new peaks in market value, and gaining wider recognition in the world of cryptocurrency. Therefore, this term goes beyond its literal meaning, serving as a rallying cry for the community’s optimism. 
<h2 style="text-align: justify" id="strong-altcoin-market-shows-strength-led-by-ethereum-strong">Altcoin Market Shows Strength Led by Ethereum</h2> 
The cryptocurrency market, particularly the altcoin market, is facing an overall uptrend with many assets turning green. This positive trend has been largely triggered by a long-awaited decision by investors, the approval of spot <a href="https://en.coin-turk.com/sec-twitter-scandal-and-its-impact-on-the-crypto-market/" data-wpel-link="internal">Bitcoin</a> ETFs by the US Securities and Exchange Commission (SEC). 
The SEC’s approval of 11 spot Bitcoin ETFs has caused a new wave of optimism to hit the cryptocurrency market, leading to a rise in altcoins, including Shiba Inu, under the leadership of Ethereum (ETH). 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inu-coin-marks-notable-rise-by-dropping-a-zero-in-price/" data-wpel-link="internal">Shiba Inu Coin Marks Notable Rise by Dropping a Zero in Price</a></h5>

Shiba Inu Coin Marks Notable Rise by Dropping a Zero in Price

Table of Contents

COINTURK NEWS

Other articles published on Jan 11, 2024

US allows Bitcoin ETF for the first time after 10 years of denials

Understanding the Recent Bitcoin Price Drop

Oasys and DappRadar Forge Epic Alliance, Unleashing the Powerhouse of Gaming

Jio Will Launch BharatGPT: 3 Ways It Will Have an Edge Over ChatGPT

Trader Joe’s franchise Merchant Moe partners with Mantle for defi expansion

Elon Musk Considers Using Bitcoin (BTC) On X

Join our free newsletter for daily crypto updates!