Shiba Inu Is Still Going Strong Despite The FTX Liquidity Shortage

Shiba Inu (SHIB), a dog meme coin, hasn’t seen to experience any decline in the number of investors despite the fact that the whole crypto sector is still suffering from the earthquake created by the FTX liquidity shortage.

According to the information from CoinMarketCap, Shiba Inu added a total of 50,970 holders between October 20 and November 20. However, as a result of its steady addition of new addresses holding SHIB on the network throughout the previous month.

Over the observed time, there was an increase in the total number of distinct holder addresses, going from 1,227,138 to 1,277,108 holders. Additionally, this indicates that on daily average, 1,644 new holders were becoming members.

Review Of Shiba Inu Prices.

As per rise in the number of new holders, it appears that investors haven’t yet been deterred by the SHIB price’s sharp decrease over the past month. Shiba Inu’s price has, in fact, dropped by 14.1% during the last 30 days.

Related Reading | Kenya Plans To Charge Tax On Cryptocurrency Transactions

The price is currently trading at $0.000008605. It also reflects its decline on both daily and weekly charts. It has fallen 4.17% on the day and 6.91% over past week.

The average SHIB price is still expected to rise by the end of the year, according to the crypto community. Despite its previously stated prediction of $0.00001124. It is only slightly falling to the current $0.00001121, or +30.28% on its price at the time of writing.

Comments (No)

Leave a Reply