It looks like you will definitely need to upgrade to a VPS. Since wordpress is very resource intensive i.e CPU and RAM, and the fact that you are having a lot of online visitors makes me think that 1.5gb of ram will not be enough.
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?? NEQ3 Premium* Shared & Reseller Hosting with RocketSpeeds
?? Reliable, Premium Hosting with cPanel and Softaculous – Server Location: Atlanta
?? Daily Backups – Off site Backups
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