Shiba Inu Coin Adds 15,000 New Holders In A Week

The cryptocurrency market remains pessimistic, with the great majority of assets trading in the red; nevertheless, interest in Shiba Inu (SHIB) does not appear to have diminished, with the asset even attracting new investors.

In fact, as of May 10, the dog meme cryptocurrency has gathered over 15,000 holders in less than a month; however, since then, SHIB has had even more amazing results, accumulating over another 15,000 in less than a week.

On May 10, according to information provided by online portal Finbold, there were 1,146,848 Shiba Inu owners. According to data from CoinMarketCap, the number of meme token holders on May 16 was 1,161,805, which is 43 holders short of 15,000 holders.

With 1,132,280 holders as of April 17, SHIB has attracted about 30,000 new holdings in the last month alone, indicating that more investors are buying the asset as its price declines.

MORE ABOUT SHIBA INU COIN

The Shiba Inu hunting dog serves as the mascot for Shiba Inu, which is an Ethereum-based altcoin. It is commonly regarded as a Dogecoin alternative, and its followers, known as the SHIBArmy, refer to it as “the Dogecoin killer. The coin was created in August 2020 by an individual or group called Ryoshi.

On Oct. 29, 2021, the price of Shiba Inu soared more than tenfold, giving it a market capitalization of $41 billion. However, since then it’s market value has witnessed severe decline. It’s overall market worth on April 16 was $6.66 billion, which shows an astounding loss of $7.46 billion, or 52.83%, compared to the $14.12 billion it had on April 16 when the market value was measured. Shiba Inu is currently the 15th biggest cryptocurrency overall.

Shiba Inu is now trading at $0.00001213, down 3.41 percent in the last 24 hours and 31.63 percent in the past week.

Sahil likes to use his great writing skills to curate articles about Crypto and KPOP here at Clout News.