Shiba Inu Adds Nearly 36,000 Holders Since June Despite Crypto Market Turmoil

The price trend of Shiba Inu has been following the rest of the cryptocurrency market and remains negative. Notably, SHIB is still seeking to reclaim the high points it reached last year, when the value and popularity of the popular meme coin surged.

Timeline of Shiba-inu

SPONSORED POST* The meme sector is an interesting part of the coin market. Formerly coins with no utility, meme coins are some of the largest and most successful projects in the crypto space. Many meme coins have found a way to integrate utility into what they offer traders.

Shiba Inu prices experienced a significant increase in the midst of August, peaking at about 0.00001800 and then falling to an average price of $0.0000805. Midway through August, the prices arrived at the lower support level of the parallel channel after a prolonged decline.

Shiba Inu, one of the most popular meme coins in the world, did not make any promising price movements lately as it registered negative 6% growth in the last seven days. However, with several developments happening in the ecosystem, SHIB can help turn the table around in its favor.

Flasko has been making waves recently because of its unique marketplace and goals. Many investors from top projects like Shiba Inu (SHIB) and Solana (SOL) have been looking into it, and in this article, we find out what makes it so special.

Shiba Inu launched their Blockchain-based card game in Australia on September 17, and the SHIB community is patiently waiting for updates about the game's expansion plans. This week, Shiba Inu announced a critical update that will see the game's development team focus on building out the game's community and ecosystem.

After the Shiba Inu (SHIB) announced plans to reduce the total circulating supply, the developers will give yet another update. On Thursday, SHIB developers are scheduled to give further update on Shiba Eternity, the game recently launched by the team.

The crypto market has changed drastically in the last six months. Since projects have suffered heavily during the market crash, investors are forced to revamp their investment strategy.

Shiba Inu recently implemented a rigorous token burn campaign, leaving the SHIB army ecstatic, but will the price manage to recover? The post Shiba Inu Price Readies for Rally After 410 Trillion SHIB Burned to Date appeared first on BeInCrypto.

Shiba Inu is one of the tokens attempting a comeback after a rough weekend in which its price fell below the $0.00000010 threshold. The digital asset, a part of the best meme coins, relies on strong fundamentals to propel it to new heights, although macroeconomic factors may slow its ascent. 

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Shiba Inu investors have seen the meme coin gain nearly 150% measured from the bottom in mid-May to the top in mid-August.