• About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team
BitcoinNewsUpdates
  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis
No Result
View All Result
  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis
No Result
View All Result
BitcoinNewsUpdates
No Result
View All Result
Home Cryptocurrency News

More Than 1.1 Million Wallets Now Hold Shiba Inu Meme Coin

Alicia Pitre by Alicia Pitre
January 19, 2022
in Cryptocurrency News
0
More Than 1.1 Million Wallets Now Hold Shiba Inu Meme Coin

Shiba Inu has recently reached a new milestone, but the token risks have reduced to $0,000020 level if the bear performance continues.  Shibu Inu is the second most popular mem coin in market cap, and it has been getting a vast number of adoption in the recent months.

Shiba Inu Sets A New Milestone

Shiba Inu is one of the popular cryptocurrencies in terms of the world. As mentioned above, Shibu Inu is the second largest meme coin behind Dogecoin. Shiba Inu is a dog-themed meme cryptocurrency controlled on the Ethereum blockchain. Shiba Inu’s value has climbed by 49,539,173 percent since its inception in November 2020, making it one of the best-performing cryptocurrencies in the past two years.

Shibu Inu reached a new milestone yesterday. As per the recent data obtained from WhaleStats, the total number of wallets holding SHI token now stand at 1,145,212. 

This recent development means a rise in the number of investors is purchasing SHIB despite the poor performance of cryptocurrency in the recent months. The top 1000 Ethereum (ETH) wallets contain 51,660,947,525,321 SHIB ($1,481,475,410), according to WhaleStats.

SHIB Continues To Struggle Below Its 50-Day EMA

The SHIB/USD daily chart shows that the cryptocurrency was not performing well in recent weeks. The technical indicators of SHIB are negative at the moment. SHIB is now trading at a discount to its 50-day moving average of $0.000033. Since November, the MACD line has remained below the neutral zone, suggesting a robust negative trend in Shiba Inu. The RSI of 39 shows that SHIB coil enters the oversold region if the current market condition is sustained,

SHIB might lose its first critical support level at $0.000022 in the next few hours if the bears maintain control. SHIB might trade below the $0.000020 mark for the first time since October if the negative trend continues.

Shibu Inu will then require the support of the broader crypto market, which will help it to come out of the ongoing bearish trend. You can know more here about the future of SHIB.

Previous Post

Stellar Pushes New VISA Partnership, XLM promotes FinSMEs

Next Post

Is VeChain(VET) a Good Investment in 2022?

Alicia Pitre

Alicia Pitre

Alicia Pitre has completed her graduate degree in journalism and now working at BitcoinNewsUpdates as a news writer. She is very passionate about her profession. She always writes informative articles about cryptocurrencies, market updates, use cases of blockchain technology, and much more.

Next Post
Is VeChain(VET) a Good Investment in 2022?

Is VeChain(VET) a Good Investment in 2022?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Buy Dogecoin with Paypal

Why Is Dogecoin Becoming Popular? Can I Buy It With Paypal?

March 16, 2021
Holo (HOT) Token Shows Signs of an Evolving Buying Trend

Holo (HOT) Token Shows Signs of an Evolving Buying Trend

March 23, 2022
Experts Say the Bitcoin Would Go back

Know Why Some Experts Say the Bitcoin Would Go back Below $4,800 in A Few Weeks

July 2, 2020
Amazon

Shop on Amazon and Pay with your Cryptocurrencies

March 1, 2021
CoinGecko to Enter Non-Fungible Token Space

CoinGecko to Enter Non-Fungible Token Space

0
Ethereum (ETH) and Ripple (XRP) Now Available to Trade on OTC Trading Desk of Coincheck Exchange

Ethereum (ETH) and Ripple (XRP) Now Available to Trade on OTC Trading Desk of Coincheck Exchange

0
Bitcoin SV

The largest Crypto exchange in the World Delists Bitcoin SV

0
Bitcoin Treasure Hunt

How World is Getting Ready For 1m Bitcoin Treasure Hunt

0
Explore Top Jobs & Opportunities in Growing Blockchain Industry

Explore top jobs & opportunities in growing blockchain industry

May 12, 2023
US crypto exchanges see rising trend of crypto lending and borrowing

The increasing trend of crypto lending and borrowing services on US-based crypto exchanges

March 29, 2023
How to Choose the Best Crypto Exchange in Australia?

How to Choose the Best Crypto Exchange in Australia?

February 27, 2023
Trading Bots gain popularity amidst the Crypto market recovery

Trading Bots gain popularity amidst the Crypto market recovery

February 21, 2023
BitcoinNewsUpdates

BitcoinNewsUpdates is offering quality news articles about world's most popular cryptocurrency - Bitcoin. Stay tuned with us to gain insight into the world of cryptocurrencies. We are the leading source to stay informed regarding world of Crypto.

Email: editor@bitcoinnewsupdates.org

Follow Us

Explore Top Jobs & Opportunities in Growing Blockchain Industry
Blockchain News

Explore top jobs & opportunities in growing blockchain industry

Crypto jobs are in high demand right now. There are countless opportunities for individuals like you to participate in developing ...

May 12, 2023
US crypto exchanges see rising trend of crypto lending and borrowing
Cryptocurrency News

The increasing trend of crypto lending and borrowing services on US-based crypto exchanges

Crypto lending and borrowing services are essentially banking services for the crypto community. A blend of growing interests and increased ...

March 29, 2023
How to Choose the Best Crypto Exchange in Australia?
Cryptocurrency News

How to Choose the Best Crypto Exchange in Australia?

Research and Compare Different Crypto Exchanges in Australia Like several other countries in the world, Australia has recently become a ...

February 27, 2023
Trading Bots gain popularity amidst the Crypto market recovery
Blockchain News

Trading Bots gain popularity amidst the Crypto market recovery

The cryptocurrency industry witnessed a substantial decline in 2022 by over 70% from the previous peak in November 2021. Bitcoin ...

February 21, 2023
MicroStrategy Buys 301 More Bitcoins, Worth $6 Million
Bitcoin News

MicroStrategy Buys 301 More Bitcoins, Worth $6 Million

Despite the ongoing market downturn, MicroStrategy has purchased a fresh batch of Bitcoin FOR $6 million. A $6 million purchase ...

September 21, 2022

Recent News

Explore Top Jobs & Opportunities in Growing Blockchain Industry

Explore top jobs & opportunities in growing blockchain industry

May 12, 2023
US crypto exchanges see rising trend of crypto lending and borrowing

The increasing trend of crypto lending and borrowing services on US-based crypto exchanges

March 29, 2023
How to Choose the Best Crypto Exchange in Australia?

How to Choose the Best Crypto Exchange in Australia?

February 27, 2023

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis
  • About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team

Copyright © 2023. BitcoinNewsUpdates. All Rights Reserved.

No Result
View All Result
  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • Press Release
  • Price Analysis

Copyright © 2023. BitcoinNewsUpdates. All Rights Reserved.