Should you buy Shiba Inu (SHIB) in November after the recent spike in activity

Crypto.com revealed that it holds 22.91% of its reserves in the Shiba Inu (SHIB/USD) cryptocurrency.

W Dubai – The Palm, a five-star hotel, allows guests to pay for accommodation in the SHIB cryptocurrency. 

Shiba Inu is one of the most popular meme-cryptocurrencies, originally inspired by Dogecoin (DOGE/USD). 

SHIB is an Ethereum (ETH/USD) based altcoin that features the Shiba Inu hunting dog as the mascot.

In the latest crypto news, one of the largest cryptocurrency exchanges, known as Crypto.com, has revealed they hold 22.91%of their reserves in the form of the SHIB cryptocurrency.

Data from blockchain analysis firm Nansen showcased the platform holds the largest share, of 29.68%, of its digital assets in the form of Bitcoin (BTC/USD), followed by SHIB.

Crypto.com CEO Kris Marszalek confirmed the data from the dashboard through a tweet.

Luxury Hotel in Dubai known as W Dubai – The Palm allows guests to pay for accommodation in the form of the SHIB cryptocurrency, first announced by Travala.com on Twitter.

As a result of this, SHIB has seen an increase in popularity as well as appeal.

On November 14, 2022, Shiba Inu (SHIB) had a value of $0.00000923.

SHIB/USD Chart by Tradingview.

The all-time high of the Shiba Inu (SHIB) cryptocurrency was on October 28, 2021, at a value of $0.00008616. This means at its ATH; the token was $0.00007693 higher in value, or 833% higher. 

When we go over the 7-day performance of the cryptocurrency, Shiba Inu (SHIB) had its low point at $0.00000850, while its high point was at $0.00001207. Here we can see an increase of $0.00000357, or 42%.

Going over the 24-hour performance of Shiba Inu (SHIB), we can see its low point was at $0.00000868, while the high point was at $0.00000937. This marked another increase in value of $0.00000069 or by 8%. 

Investors might want to take up this opportunity to buy SHIB, as we can expect SHIB to climb to $0.000014 by the end of November 2022.

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