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 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 www.teknolojioku.com.
*The article has been translated based on the content of Teknolojioku Rss by www.teknolojioku.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!