Tue 24 Jan 2023 ▪ 2:00 PM ▪
min read – through
The web is full of advice for a better start to an adventure in investing in cryptocurrencies. While some sites direct laymen to stablecoins, others fill them with hopes of profit with flagship cryptos such as bitcoin and ethereum. Nansen reported in an on-chain analytics report shared last week that newly created crypto wallets have been stockpiling SHIBs lately. Which no doubt confers crypto-starter status on the Shiba Inu.
Shiba Inu (SHIB), the most popular crypto starter
The Shiba Inu, is he done with his misfortunes? In any case, the valuation at $0,000,008 in November is almost a thing of the past. With the price hovering around 0,000,012, new crypto wallets are being stockpiled on SHIB.
Nansen, a blockchain analytics platform, reported that last week, CryptoPotato reports. On this occasion, nearly $56 million worth of SHIBs were funneled into approximately 12,000 freshly created wallets.
The stablecoins, bitcoin and ether would therefore not be able to dethrone the “Doge killer” among the newbies in crypto trading. To say that the two most valuable cryptocurrencies in the world have also given up on their bad attitude from last year.
This craze for the Shiba Inu has no explanation except:
- the imminent arrival of Shibarum, its Layer-2 blockchain that will materialize the spirit of Shiba Inu’s founder;
- the dynamics of the team behind the same corner and the ShibArmy’s unconditional support for Shytoshi Kusama;
- and many others.
Some believe it, others don’t.
Like other cryptocurrencies, the Shiba Inu also attracts skeptics. In particular, there is this Finder panel that claimed that the same coin will collapse in 2030. Their prophecy about the price of SHIB has not come true. Because instead of valuing at $0.0000018, according to their prediction, the cryptocurrency gained an extra zero.
But U°Today reported that David Gokshstein, founder of Gokhstein Media, will dump his SHIBs once they hit $0.01.
Many Shiba Inu fans are waiting for their favorite cryptocurrency to be worth 1 cent. The road seems far ahead of them, but they keep believing in it. The seriousness of the team behind that same corner serves as their motivation.
Get a summary of the news in the world of cryptocurrencies by subscribing to our new service fromdaily and weekly so you don’t miss any of the essential Cointribune!
The blockchain and crypto revolution is underway! And the day when the impact will be felt on the world’s most fragile economy, against all hope, I’ll say I had something to do with it