Featured image from Crypto News, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Despite the market downturn, Shiba Inu (SHIB) is still seeing growth in terms of its holder base. The meme coin maintains its position as one of the most popular cryptocurrencies as its total holder count has now crossed 1.26 million. 10,000 New Shiba Inu Holders Added In a time when cryptocurrencies across the space are marking a decline in support, Shiba Inu has added over 10,000 new holders in the span of two weeks. This saw the total SHIB holders cross into the 1.26 million territory, marking more growth for the meme coin. In the last 24 hours alone, the number is up by 0.033%, according to data from Etherscan. Related Reading: Ethereum Price Balks As Dormant Whales Reactivate The meme coin also recently marked another milestone after it crossed more than 1.8 million watchlists on Coinmarketcap. The growth comes even as the price of the digital asset suffers multiple setbacks, drastically dragging down the profit margins for investors. Binance, the largest crypto exchange in the world by trading volume, recently released the data for the most-watched cryptocurrencies on the platform, and Shiba Inu emerged in the top three; alongside market leaders Bitcoin and Ethereum. SHIB price struggles at $0.000008 | Source: SHIBUSD on TradingView.com Will SHIB Price Remain Stagnant? SHIB\u2019s price has been quite unresponsive to all of the new milestones being hit. The holder base had been consistently climbing over the last two months but the price of SHIB has not reacted positively in any way. Instead, developments on Shiba Inu seem to be disconnected from the price performance of the native token. Related Reading: Binance Smart Chain User Activity Tanks, Why BNB Price Could Suffer With no meaningful movement following all of these, then it is possible that the meme coin will not be seeing any sort of recovery before the year runs out. It continues to trend just above $0.000008 as the bear market rages on. It is important to keep in mind that the total number of active Shiba Inu addresses currently sits below 5% of its total addresses. This means that there is a decreased activity for the digital asset, which could explain why there have been no positive reactions to the milestones.\u00a0 The cryptocurrency has also fallen out of favor with large Ethereum whales who no longer hold a significant amount of the cryptocurrency on their balances. This has accelerated the bear case for the meme coin. If momentum does not pick up, then it is possible that SHIB could see the lower side of $0.000007 before the year is over.\u00a0 Featured image from Crypto News, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":513049,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,87676,84473,83667,84562,84558],"class_list":["post-513040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-holders","tag-shib-price","tag-shiba-inu","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\n
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This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Welcomes 10,000 New Holders, Can SHIB Keep Up The Momentum?","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-welcomes-new-holders\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-welcomes-new-holders\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Shiba-Inu-SHIB-price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Shiba-Inu-SHIB-price.jpeg?fit=800%2C534"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib holders","shib price","shiba inu","shibusd","shibusdt"],"dateCreated":"2022-12-20T23:00:46Z","datePublished":"2022-12-20T23:00:46Z","dateModified":"2024-06-11T07:51:01Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Welcomes 10,000 New Holders, Can SHIB Keep Up The Momentum?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-welcomes-new-holders\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-welcomes-new-holders\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Shiba-Inu-SHIB-price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Shiba-Inu-SHIB-price.jpeg?fit=800%2C534\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib holders\",\"shib price\",\"shiba inu\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2022-12-20T23:00:46Z\",\"datePublished\":\"2022-12-20T23:00:46Z\",\"dateModified\":\"2024-06-11T07:51:01Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/Shiba-Inu-SHIB-price.jpeg?fit=800%2C534","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/513040"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=513040"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/513040\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/513049"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=513040"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=513040"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=513040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}