Shiba inu token getting better support, in terms of new holders. 

Shiba inu token is a popular meme coin. The initial vision of this coin was nothing but at present, no one can say that it is a useless coin because many online companies are accepting it as payment via Bitpay, a crypto payment platform.

As all of us know very well that the past few months were very bad for this crypto industry, where some of the leading crypto companies faced problems for example 3AC, Terra, Celsius, Block etc. 

Even in the present situation, the majority of the crypto assets are down by more than 80% from their all-time high price. 

Interestingly, the Shiba inu token is getting a better response in this extreme situation. According to the data available at Coinmarketcap, in the last 30 days, the Shiba inu token added 20,000 new holders. 

On 12 July, Shiba tokens have a total of 1,178,157 holders and this figure was 1,199,539 on the last day. 

Doge rival Shib adds 20k new holders 1
Total SHIB addresses 1 month. Source: CoinMarketCap

In terms of token holders, Shiba faced the worst situation in between March 16 to March 17, where it lost around 32.8k holders. 

Shiba’ SHI stablecoin

The developer team behind the Shiba inu project is working on an experimental protocol to create a new stablecoin for this industry. According to Shina inu token’ lead developer, SHI stablecoin protocol will be able to provide full stability in its pegged value, which will be able to fix the issues and fill the gap of loopholes associated with other risky stablecoins. 

However not much information was provided about the upcoming stablecoin project SHI but the developer said that the team will share complex information regarding this project after the completion of the whole work and if everything will happen under the full plan then in that situation the team will unveil about this project before the end of this year. 

Read also: Doge rival Shiba Inu seems ready for a strong recovery, Here is why?


Source link


Comments are closed.