Shiba Inu Coin

Shiba Inu Now Has Over One Million Owners & They Are Planing Something Big.

Despite trading more than 50% below its all-time high and having over 1 million token holders, Shiba Inu appears to be on the verge of something big.

Even though the memecoin is trading 50% below its all-time high, Shiba Inu (SHIB) has surpassed a milestone by hitting the 1-million-holders threshold.

Since the official Shiba Inu Twitter account tweeted a shoutout late on Thursday, news of the milestone and daily price rises has energized the Shiba Inu community.

The price of SHIB has risen 11.4 percent in the last 24 hours since the project passed this milestone, with the coin now selling at $0.00004237, according to CoinGecko. According to Etherscan statistics, there are 1,002,021 SHIB holders.

Despite the latest price gain, SHIB is still trading at a discount to its October 28 high of $0.00008190, presumably owing to SHIB whales profiting.

In the Shiba Inu world, there’s a lot going on. SHIB with Tether (USDT)-paired perpetual contracts were offered for trading on Bitfinex Derivatives on Tuesday.

Korbit, a South Korean exchange, has started taking deposits, and SHIB was set to begin trading at 3 a.m. UTC. Korbit is the first Korean stock market to list Shiba Inu.

Dogecoin (DOGE) is presently the only other memecoin that can be traded on the four major South Korean exchanges – Upbit, Bithumb, Coinone, and Korbit.

Korbit has the chance to list new tokens coupled with the Korean won since it was one of the few exchanges in Korea to be fully compliant with new anti-money laundering standards by September 24.

DOGE is the sixth most traded cryptocurrency in South Korea in terms of trade volume. DOGE has been extremely popular in Korea since 2017 when the nation was engulfed in an ICO frenzy and cryptocurrencies were trading at a premium to worldwide values, a phenomenon known as the “Kim Chi Premium.” It’s unclear whether the arrival of other meme coins, such as Shiba Inu, will spark a new round of speculation.

SHIB is one of the most widely used meme coins today, second only to DOGE. By market capitalization, both are in the top 15 cryptocurrencies. SHIB, which was inspired by DOGE, has a slew of copycat currencies on other chains. There are now around 19 cryptos with the word “Shiba” in their names.

Leave a Comment

Your email address will not be published. Required fields are marked *