The number of Shiba Inu (SHIB) owners reached 970,000, setting a new record. The number is getting closer to 1 million every day.
SHIB has had 40,000 new entries in the last four days alone, making it a relatively positive week.
According to TradingView, many of the major crypto assets have experienced various corrections. Bitcoin 5%. Ethereum dropped 3% while it fell by 4%. OMG, on the other hand, was down 24%.
SHIB experienced a 12% gain in the middle of the week. However, it subsequently lost 8% of its value.
The Number of Hodlers Increases
While the Shiba Inu’s market cap does not yet reflect strong network growth, it stands out as evidence of asset growth over the long term.
Ethereum (ETH), for example, continued its rally all month long, while the network growth rate corrected by 100%. This shows how important background growth is for crypto assets.
SHIB is trading at $0.00005198 at the time of writing, according to Coinmarketcap data.