2021, 1% in October. It has been a triumphant year for the meme-based coin that has changed the lives of many, with a return of 1,000 and a million percent return since the initial listings. Altcoin remains one of the most popular positions in the cryptocurrency market, currently with over 1.1 million holders.
SHIB remains the most popular altcoin among whales
As we report , as 2021 draws to a close, Shiba Inu (SHIB) remains the most popular altcoin among the top 1,000 Ethereum addresses, with numerous whale-layer addresses of $1.8 billion. While the market cap of the asset previously dropped below $1.8 billion, there is a positive mood in the market just before the New Year is celebrated.
Other markets and on-chain Shiba Inu metrics also entered the green zone, showing growth in net flow, average balance in whale-grade wallets, and average value of SHIB holdings. The growth of the respective metrics is due to the 2% price increase of the Shiba Inu today and almost no selling pressure by trading volumes.
While the overall market data for the Shiba Inu looks very positive, the asset’s volatility is still extremely low, reaching 2% per day, which is the common rate for traditional stocks, bonds and foreign currencies. According to crypto analyst Arman Shirinyan, in line with the token’s market history, increased volatility is one of Shiba Inu’s main “sell points” and the majority of users are buying assets to “hit the jackpot”, driving another 100% surprise for SHIB. .