The meme cryptocurrency Shiba Inu (SHIB) is experiencing volatility after it recently hit record highs. Still, the number of people who continue to invest in SHIB is increasing day by day.
Etherscan. According to the latest data from io, the token is only 9,000 holders away from reaching 1 million unique addresses with 993,403 as of November 22.
Etherscan. According to the latest data from io, the decentralized token is just 7,000 wallets away from reaching 1 million unique addresses with 993,403 as of November 23.
Just three weeks ago, in less than a week, 80,000 new unique wallets had joined Shiba Inu investors.
Shiba Inu Price
Previously, Shiba Inu tokens accounted for over 22% of all assets in major wallets. Now that percentage has dropped to 18%. This means that this number has decreased by about 4%, according to WhaleStats. Currently, the competitor of Dogecoin (DOGE) is trading at $0.00004366. According to CoinMarketCap statistics, it has dropped by 20% in the last 7 days.
In light of the fact that the Shiba Inu has already had a strong rally season this year, a number of temptations are offered to investors and the SHIB only becomes attractive when there are bullish indicators in the market. However, with close to 1 million new owners and the possibility of the token being listed on Robinhood and Kraken, people are creating hype.
Finally, CoinGate recently incorporated SHIB, allowing over 500 businesses to accept the token as a payment option.