ETH
by BSCN
December 22, 2022
Shiba Inu is back in the spotlight ahead of the new year and users are coming with anticipation for whats next.
Shiba Inu holders have crossed 1.26 million, adding over 11,000 holders in the last weeks. The small rise is notable considering the bear market and the already brimming popularity of the project.
With the featured Shibarium updates coming–– including the metaverse beta reportedly coming in Q1 2023––Shiba Inu has been regaining popularity in the last few weeks.
Binance also recently picked Shiba as one of its tokens to watch in 2023, and the BONE token from Shibarium has also seen positive price action this month.
The Shiba Burn has also been working hot. There have been over 45 million SHIB tokens burned since December 19, with the Shibburn Twitter account following the burn progress well.
Shiba Inu is an Ethereum-based altcoin with the Shiba Inu—a Japanese breed of hunting dog—as its mascot. The SHIB token aspires to be an Ethereum-based alternative to Dogecoin (DOGE). Unlike Bitcoin, which is designed to be scarce, SHIB was created to be intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.
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