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Major Milestone for Shiba Inu as it Crosses 1 Million Wallet Holders -Breaking

by Mike Robinson

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Shiba Inu crosses 1 million wallet holders, a major milestone

Last week, (SHIB) – the fiery fighting fido nipping at – reached a major adoption milestone of 1 million wallet holders of its dog-themed meme coin. The official Certik audit, posted to the Shiba token website, shows that the total number of digital assets holders has surpassed 1,000,000 wallets.

Despite that significant adoption achievement the so-called “Dogecoin killer” has had a tough go of it lately. SHIB traded at $0.0000448 at the time this article was written. This is 51 percent less than its Oct. 27 high of $0.0000879. Below is the CoinMarktCap chart showing that SHIB’s price has dropped 5.21 percent during the last 24 hours.

SHIB’s recent price problems are not unique to the company. Dogecoin is the original meme coin and Floki Inu, the upstart, is down 1.9 per cent.

Flipside

  • SHIB is not immune to the problems that Shiba has, despite having more than 1,000,000 Shiba holders and a market capitalization of $24.7 billion (ranking #12 overall, just behind Dogecoin),
  • Shiba Inu is a limited-use dog and has no development plan. According to WoofPaperv2, its whitepaper, WoofPaperv2.

Why you should care

Although there are more profitable investments than meme coin in the crypto-space. Meme coins raise awareness and provide some crypto education. They also create community and offer affordable entry to cryptocurrency.

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