There's two sides to this pancake. If you're going to be long term and get lots of traffic and are monetized to where some of your expenses are covered, you want at least a VPS.
If this is just a passing thing, a fad or a hobby for you, and don't plan on mass membership and posting, you're better off with a good shared hosting.
As far as the traffic you have now, any decent shared hosting can handle it and much much more.
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