SHIB is adding 50,000 new owners per month!

Although the entire cryptocurrency industry is still feeling the aftershocks of the earthquake caused by the FTX liquidity squeeze, the dog meme coin Shiba Inu (SHIB) has not suffered any loss in investor numbers.

SHIB is adding 50,000 new owners per month!

Coincidentally, according to data from CoinMarketCap, Shiba Inu added new addresses holding SHIB on the network over the past month, reaching a total of 50,970 addresses in the period from October 20 to November 20.

SHIB total addresses. Source: CoinMarketCap

In other words, SHIB saw a 4.15% increase in the total number of unique address owner addresses during the observed period, increasing from 1,227,138 to 1,277,108. This also means that an average of about 1,644 new beneficiaries join every day.

SHIB price analysis

Judging by the increase in the number of new owners, it seems that investors have not been discouraged so far by the dramatic drop in the price of SHIB last month. Indeed, the Shiba Inu has lost 14.11% on its price in the last 30 days.

SHIB is adding 50,000 new owners per month!  - Picture : 2

SHIB 1-month price chart. Source: Finbold

The current price of the decentralized finance (DeFi) token, which is currently trading at $0.000008605, represents its decline on both daily and weekly charts, down 4.17% daily and 6.91% over the previous week. Data received by Finbold on Nov. 21.

Meanwhile, the crypto community maintains a bullish outlook for the average price of SHIB through the end of the year with a previously reported forecast of $0.00001124, falling only slightly to the current $0.00001121, or +30.28%, relative to its price at the time of publication.

Disclaimer: The content on this site should not be considered as investment advice. Investment is speculative. When investing, your capital is at risk.

Source: Teknolojioku Rss by

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