• About Us
  • Jobs
  • Contact
  • Login
  • Register
Crypto Mufasa
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
Crypto Mufasa
No Result
View All Result
ADVERTISEMENT
Home Altcoin News

Shiba Inu ($SHIB) Started Trending As Crypto Market Recovers

Hania by Hania
January 11, 2023
in Altcoin News
Reading Time: 3 mins read
A A
0
Shiba Inu ($SHIB) Started Trending As Crypto Market Recovers
Tweet

In Brief:

  • Related articles
  • Whale transferred $8.2 Million Worth SHIB Tokens: Shiba Inu’s Largest Whale Transfer After Shibarium Unleashes Potential
  • Euler Finance’s Bold Offer to Hacker: Keep $20M or Risk Prosecution
  • 3 memecoins you need to invest in 2023

Shiba Inu ($SHIB)  the meme-inspired cryptocurrency swiftly gained popularity as the cryptocurrency market seemed to be recovering. The SHIBArmy actively promoted growing acceptance of the currency and continuously burning tokens.

As of this writing, $SHIB, along with the leading cryptocurrency Bitcoin ($BTC), Polygon ($MATIC), Solana ($SOL), and Gala ($GALA), is still one of the top trending digital assets this year, according to data from CoinMarketCap. On January 9, $SHIB was the top trending digital asset.

Related articles

shiba inu whale alert-shibarium

Whale transferred $8.2 Million Worth SHIB Tokens: Shiba Inu’s Largest Whale Transfer After Shibarium Unleashes Potential

March 16, 2023
Euler Finance

Euler Finance’s Bold Offer to Hacker: Keep $20M or Risk Prosecution

March 15, 2023

$SHIB is @CoinMarketCap's #1 trending asset today. 🐕 pic.twitter.com/bcAjJVZ7BS

— Bravo (@initializable) January 9, 2023

Since the SHIBArmy has been adding 600 new wallets every day over the past several weeks, even in the midst of an ongoing bear market in the cryptocurrency realm, the cryptocurrency community expected that the price of Shiba Inu will increase by about 30% this month, as reported by CryptoGlobe.

Shiba Inu ($SHIB) Started Trending As Crypto Market Recovers

The number has decreased from the about 1,500 new wallets holding $SHIB earlier this year as the slowdown in the cryptocurrency market has also been reducing trade volumes and retail investors’ interest in the field.

The median amount of time customers on Coinbase keep the meme-inspired cryptocurrency before selling it or moving it to an external address has crossed the 200-day mark, which is notable evidence that Shiba Inu investors aren’t planning a major sell-off.

A long hold period “signals an accumulating trend,” the cryptocurrency exchange says on its platform, while a short hold time “indicates the increasing movement of tokens.” Since the feature was added, Shiba Inu’s average hold time on the exchange has noticeably increased.

Shiba Inu is the platform’s 12th most popular cryptocurrency, according to the exchange’s price listings. Shiba Inu investors bet on the cryptocurrency’s price rising as the supply deflates due to its planned burn schedule and as adoption grows.

Also Read:

3 memecoins you need to invest in 2023

SHIBA INU Price Prediction: Will The Coin Reach $1 By 2025?

Tags: crypto marketmarket recoveryMeme coinmost popular cryptocurrencyshib
Tweet47Share76ShareSendPin17ShareSend
ADVERTISEMENT
Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

shiba inu whale alert-shibarium
Altcoin News

Whale transferred $8.2 Million Worth SHIB Tokens: Shiba Inu’s Largest Whale Transfer After Shibarium Unleashes Potential

March 16, 2023
Euler Finance
Altcoin News

Euler Finance’s Bold Offer to Hacker: Keep $20M or Risk Prosecution

March 15, 2023
Floki Inu (FLOKI)_ A Comprehensive Guide to the Popular Memecoin
Beginner Guides

Floki Inu (FLOKI): A Comprehensive Guide to the Popular Memecoin

March 6, 2023
Exploring Shibarium: The Future of Web3 Ecosystem Built for Shiba Inu (SHIB) Community
Beginner Guides

Exploring Shibarium: The Future of Web3 Ecosystem Built for Shiba Inu (SHIB) Community

March 3, 2023
Floki Inu (FLOKI): A Comprehensive Guide to the Popular Memecoin
Altcoin News

Top 5 Profitable Meme Coins Despite Market Fall

March 2, 2023
mastercard and visa halting crypto integrations
General News

Mastercard and Visa Put Crypto Plans on Hold as Market Downturn Continues

February 28, 2023
Wormhole Bridge Exploit
Altcoin News

Wormhole Bridge Exploit – How Oasis and Jump Crypto Recovered $140M

February 25, 2023
Chain Reaction
Altcoin News

Israeli Startup Chain Reaction Secures $70M for Blockchain Chips

February 25, 2023
Cardano (ADA) Staking Now enabled by Trust Wallet
Altcoin News

Cardano’s Network: Advantages And Disadvantages Of Implementing KYC 

February 16, 2023
Load More
  • Trending
  • Comments
  • Latest
OKX: An all-in-one trading platform that supports cryptos, derivatives, staking, and lending

OKX: An All-in-one Trading Platform That Supports Cryptos, Derivatives, Staking, And Lending

December 27, 2022
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Scam Alert: This Email Can Drain Your Crypto and NFT Wallet

January 21, 2023
Crypto Airdrops: Are They Really Safe? "The Ultimate Guide"

 A Step-By-Step Guide To Understand Arbitrum’s (ARB) Token Airdrop

March 17, 2023
HappyMiner

Earn Passive Income Cloud Mining With HappyMiner

March 19, 2023
Bitcoin ATM Rise Or Fall: In Less Than 60 Days, More Than 400 Machines Went Offline

Bitcoin ATM: How to use them?

1
All You Need To Know about Defi (Decentralized Finance)

All You Need To Know About DeFi (Decentralized Finance)

1
Robinhood enables the Web3 Wallet beta accessible to 10,000 users

Robinhood enables the Web3 Wallet beta accessible to 10,000 users

1
Mastercard Introduces a New Tool to Prevent Crypto Fraud

Mastercard Introduces a New Tool to Prevent Crypto Fraud

1
Crypto.com Will Be Laying Off 20% Of Its Workforce In 2023

Crypto.com Is One Step Closer To Obtaining An Operating License In Dubai 

March 20, 2023
Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

Airdrop Scam Alert: Arbitrum Community Warns Against Fake Arbitrum Airdrops

March 20, 2023
Bitcoin ATMs Manufacturer Has Shut Down Its Cloud Service Following The Hacking Of Its Users 

Bitcoin ATMs Manufacturer Has Shut Down Its Cloud Service Following The Hacking Of Its Users 

March 20, 2023
Bitcoin’s Best January In 10 Years, With A 39.6% Gain For The Month

Bitcoin Hits $28k As Unpredictability Surrounds Banks

March 20, 2023
Crypto Mufasa

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Navigate Site

  • Contact
  • Terms Of Service
  • Privacy Policy
  • Crypto Prices
  • Crypto Exchanges
  • Work With Us

Follow Us

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In