SHIB is a new ERC-20 cryptocurrency and one of the first to be added on Binance. It was launched in February 2018 by an anonymous team with no coding experience, but has already seen success thanks to some pre-launch marketing tactics. With up to $4 million worth traded per day, SHIB holders are doing very well so far
The Shiba Inu coin is a cryptocurrency that was released on the market in September 2017. It has been listed on several exchanges, but most notably Huobi, where it can be traded for Bitcoin or Ethereum. The coin has seen a lot of success so far and many people are in profit with their investments. Read more in detail here: shiba inu coin news today.
Shiba Inu, a famous meme currency, has had a substantial decline in value after soaring to new highs; nevertheless, despite this massive loss, over 70% of investors in the digital asset are profiting, according to statistics from Intotheblock.
Holders of SHIBs are making money.
According to the Intotheblock statistics, 17% of the holders are losing money. This is most likely due to their late investment, since they may have been among those who purchased the dip when the stock fell from its all-time high. Their investments, on the other hand, have the potential for greater rewards if the token continues to climb again.
Whales have 78 percent of the entire quantity of tokens, according to the report. According to some observers, these whales have a big impact in the meme coin’s price movement.
The rising popularity of SHIB resulted in profit for a number of wallets that held the asset, as it pulled in a slew of new investors. It’s also worth noting that the asset’s recent rise in popularity has been aided by its Coinbase listing.
Similarly, the digital coin’s high profit potential resulted in a month-long increase in the number of holders (wallets). According to ITB statistics, SHIBA wallet addresses increased from 706,808 on October 10 to 926,684 on November 8, 2021.
A fascinating part of this is that the value of Shiba Inu increased by over 100% over the same time period.
Shiba is a risky investment.
Despite all of these advantages, Shiba is still a very volatile asset. To put this in perspective, the meme coin’s value has declined by over 1% in the previous 24 hours, 9% in the last 7 days, and over 40% from its all-time high. Not only that, but the asset’s market capitalization has dropped by nearly $7 billion.
This volatility was mostly caused by four large transactions by investors who may be profiting from their investment. Approximately ten trillion SHIB tokens (worth $586 million) were recently moved to several wallets.
This volatility may come to a halt, and the price may rise if the coin is approved for listing on Robinhood, which has received over 500 thousand signatures on a petition requesting the platform to do so.
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The “shiba inu holders list” is a list of all the Shiba Inus that are currently listed on the cryptocurrency exchange. The site also provides information about how many Shiba Inus are in profit.
Frequently Asked Questions
How many Shiba Inu coin holders are there?
A: There are 2 Shiba Inu coin holders in each roll.
Is Shiba Inu worth investing?
A: This is a very tough question. I am not sure if Shiba Inu will go up in value, but theyre definitely worth investing into due to their incredible personality and loyal nature.
Will Shiba Inu coin reach $1?
A: Yes, the Shiba Inu has reached $1 in value and is currently worth about $1.
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