Shiba Inu is the most sought after token because it is experiencing a decline

Lovata Andrean

Shiba Inu is the most sought after token because it is experiencing a decline
Shiba Inu is the most sought after token because it is experiencing a decline

Rancakmedia.com - Shiba Inu, a decentralized meme coin based on Ethereum, is the sixth popular token among investors and now shiba inu is experiencing a decline.

Of the total 470.782 ERC-20 tokens on the Ethereum network, SHIB has the fifth largest number of holders. Shiba Inu has a total of 995.285 HODLers, less than 1 million milestones with less than 5.000.

Tether US (USDT) is the most popular stablecoin, with 4.148.775 users. Livepeer Token (LPT) was the second most popular, with 2.525.810.

CarLive Chain (IOV) is in third place with 1.846.990 users, followed by USD Coin (USDC) in fourth place with 1.296.978 users.

Shiba Inu Token Prediction

Despite a slight decline on November 19, Shiba Inu HODLers continued to increase on November 22, reaching a total of 991.306 HODLers. In fact, the token has fallen below $0,00003757 and continues to decline.

Shiba Inu is currently the 13th most valuable cryptocurrency by market capitalization. Despite the fact that prices are decreasing, the number of HODLers is increasing.

Shiba Inu Token Prediction

The fact that Shiba Inu is still not available on popular trading platforms such as Robinhood and Kraken could indicate that more investors are anticipating a new bull market in the near future.

According to Coinbase data, this cryptocurrency saw an inflow of 870 billion dollars in 24 hours, which is almost equivalent to IDR. 12 quadrillion. One of the cryptocurrency financiers apparently transferred Shiba Inu meme coins, according to cryptocurrency investment tracking platform WhaleAlert.

More than 850 billion SHIB tokens were purchased for 36.890.600 dollars, or IDR 526 billion, by investors. The transactions look like private transactions or over-the-counter (OTC) trades.

This investment is noteworthy as it goes against the prevailing trend of long-term cryptocurrency tycoons investing in stablecoins and other popular cryptocurrencies such as Ether and Bitcoin.

The price of Shiba Inu has fallen by around 12% since it was purchased. Prices are currently about 57,1 percent lower than October's all-time high. Shiba Inu has fallen lower in the cryptocurrency market capitalization rankings. Behind Avalanche (AVAX) and Cryptocurrency.com Coin, the meme coin is currently in 13th position (CRO).

According to the latest analysis from Coinbase on the cryptocurrency market, this dog-themed meme coin has lost traction in the market. According to Coinbase data, SHIB has lost ground behind Bitcoin and Ether as the top volume driver on the exchange.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks