Friday, September 29, 2023
No Result
View All Result
Blockchain Daily Report
Advertisement
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
Logo
No Result
View All Result
Home Bitcoin

Total Shiba Inu Addresses Touches New High, Will SHIB Price Follow?

by Blockchain Daily Report
December 14, 2022
in Bitcoin
Reading Time: 3 mins read
A A
0
Total Shiba Inu Addresses Touches New High, Will SHIB Price Follow?
Share on FacebookShare on Twitter


Shiba Inu (SHIB) nonetheless instructions a superb quantity of crypto traders’ consideration regardless of dropping a lot of its worth during the last yr. That is evidenced by the continual rise within the variety of addresses which are holding the meme coin. As soon as once more, the SHIB holder quantity has hit a brand new milestone because it crosses 3 million wallets.

Extra Than 3 Million SHIB Military

The crypto market has been in limbo these days as a lot of the digital belongings within the area consolidate however Shiba Inu has been seeing some good momentum by way of its holder base. Knowledge from Glassnode reveals a sluggish however regular climb within the variety of wallets holding SHIB tokens on their balances and because the yr attracts to an finish, it has reached new peaks.

Shiba Inu addresses have now crossed 3 million, rising whilst the value of the meme coin has continued to tank. The graph reveals an inverse relationship between the 2 throughout this time. Additionally, it reveals a good portion of progress simply this yr alone as Shiba Inu addresses grew by lots of to 1000’s.

SHIB addresses contact new ATH | Supply: Glassnode

Curiously, even because the variety of addresses continues to rise, the variety of energetic SHIB addresses stays low throughout this time. It presently sits at lower than 5% of the entire addresses regardless of the 35% progress in whole addresses recorded this yr.

Shiba Inu now seems to have discovered a degree to stability at, and energetic addresses at the moment are lower than 10% of what it was at their peak again in Nov. 2021.

Can Shiba Inu Worth Rally?

Identical to the remainder of the market, the Shiba Inu worth stays drastically low. It has not been helped by the a number of collapses which were witnessed out there, and altcoins have suffered significantly for it. SHIB’s worth is presently one of many market’s worst performers, already dropping greater than 89% of its all-time excessive worth.

Shiba Inu (SHIB) price chart from TradingView.com

SHIB worth at $0.00009 | Supply: SHIBUSD on TradingView.com

Moreover, SHIB is presently buying and selling beneath the important stage of $0.00001. For the reason that meme coin broke beneath this stage, all indicators have turned bearish for each the quick and the long run. Low momentum out there leaves little liquidity flowing right down to altcoins comparable to SHIB, which has significantly impacted its worth.

For SHIB to report one other bull development, it will want to interrupt and sit effectively above the $0.00001 stage with a number of day by day closes above this level. In any other case, the bears will proceed to stay in management. 

Nonetheless, the digital asset is up 23% from its most up-to-date cycle low, which factors to some perception amongst holders. However because the market ushers within the holidays, the low liquidity and market momentum may see SHIB fall to $0.000005.



Source link

Tags: AddressesFollowHighInupriceSHIBShibaTotalTouches
Share76Tweet47

Related Posts

TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

by Blockchain Daily Report
September 29, 2023
0

Tron value is gaining tempo above $0.0850 in opposition to the US Greenback. TRX is outperforming Bitcoin and will rise...

VanEck Announces Plans To Launch Ethereum Futures ETF (EFUT)

VanEck Announces Plans To Launch Ethereum Futures ETF (EFUT)

by Blockchain Daily Report
September 29, 2023
0

Distinguished funding supervisor VanEck has revealed plans to launch an Ethereum Futures exchange-traded fund (ETF). Apparently, this improvement comes just...

U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions

U.S. House Bill Seeks Centralized Record of Off-Chain Crypto Transactions

by Blockchain Daily Report
September 29, 2023
0

Quite a lot of the day-to-day transactions from crypto buyers occur solely internally on the handful of main exchanges, recorded...

Here’s FTX Founder Sam Bankman-Fried’s Trial Schedule

Here’s FTX Founder Sam Bankman-Fried’s Trial Schedule

by Blockchain Daily Report
September 28, 2023
0

Throughout a listening to earlier Thursday, Choose Lewis Kaplan, who's overseeing the trial, requested the prosecution and protection to estimate...

Best Crypto to Buy Now September 28 – XDC Network, Terra, Bitget Token

Best Crypto to Buy Now September 28 – XDC Network, Terra, Bitget Token

by Blockchain Daily Report
September 29, 2023
0

Be part of Our Telegram channel to remain updated on breaking information protection ‘What's the greatest crypto to purchase proper now’ is...

Load More
  • Trending
  • Comments
  • Latest
BitPay + Ramp – Compre Bitcoin com PIX

BitPay + Ramp – Compre Bitcoin com PIX

September 14, 2023
Sudden Shibburn’s Twitter Account Suspension: What We Know

Sudden Shibburn’s Twitter Account Suspension: What We Know

June 24, 2023
Web3 Wallet Tracker – How to Create a Firebase Web3 Wallet Tracker

Web3 Wallet Tracker – How to Create a Firebase Web3 Wallet Tracker

January 1, 2023
How to Properly Dual Mine KAS + ZIL With the Rigel 1.3.4 Nvidia GPU Miner

How to Properly Dual Mine KAS + ZIL With the Rigel 1.3.4 Nvidia GPU Miner

January 30, 2023
Digital Artists Making Waves in 2023

Digital Artists Making Waves in 2023

September 24, 2023
Arbitrum Goerli Faucet – Get Arbitrum Testnet ETH in 3 Steps

Arbitrum Goerli Faucet – Get Arbitrum Testnet ETH in 3 Steps

February 14, 2023
Pudgy Penguins Sees Christmas Surge

Pudgy Penguins Sees Christmas Surge

December 29, 2022
Animoca Brands-Owned Forj and VIKER Team up

Animoca Brands-Owned Forj and VIKER Team up

April 25, 2023
What Historically Happens to Bitcoin During a US Government Shutdown?

What Historically Happens to Bitcoin During a US Government Shutdown?

September 29, 2023
Top Trader Who Nailed 2022 Bitcoin Bottom Says One Blue Chip Altcoin Signaling a ‘Breakout in the Making’

Top Trader Who Nailed 2022 Bitcoin Bottom Says One Blue Chip Altcoin Signaling a ‘Breakout in the Making’

September 29, 2023
OnlyEver’s NFT-Linked Boot Takes Strides at Milan Fashion Week

OnlyEver’s NFT-Linked Boot Takes Strides at Milan Fashion Week

September 29, 2023
TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

TRX Bulls Keeps Pushing, Why Rally Isn’t Over Yet

September 29, 2023
Ethereum Price Registers Breakout But Lacks Momentum, $1,620 Is The Key

Ethereum Price Registers Breakout But Lacks Momentum, $1,620 Is The Key

September 29, 2023
Why Web3 should fear quantum computing

Why Web3 should fear quantum computing

September 29, 2023
Sam Bankman-Fried Scoops Help CoinDesk Win a Loeb Award

Sam Bankman-Fried Scoops Help CoinDesk Win a Loeb Award

September 29, 2023
VanEck Announces Plans To Launch Ethereum Futures ETF (EFUT)

VanEck Announces Plans To Launch Ethereum Futures ETF (EFUT)

September 29, 2023
Facebook Twitter Instagram Youtube RSS

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Blockchain Daily Report.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$26,957.001.79%
  • ethereumEthereum(ETH)$1,670.692.74%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.06%
  • binancecoinBNB(BNB)$215.800.98%
  • rippleXRP(XRP)$0.548.64%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$1,669.832.91%
  • cardanoCardano(ADA)$0.2526242.44%
  • dogecoinDogecoin(DOGE)$0.0621961.96%