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Shiba Inu is one of the well-admired meme cryptocurrencies alongside Dogecoin, its fierce rival. The crypto witnessed a surge in its user base after the announcement of Shibaverse. Many think that it is developed “by” the Shiba Inu community, but here’s the catch, it is developed “for” Shiba Inu community. If you don’t believe this, go check out its whitepaper.
It is now officially available on Bittrex crypto exchange, one of the leading platforms in the market. The event adds another prominent crypto marketplace into Shiba Inu roll. Its rival Dogecoin got listed here in December 2021. The organization took to Twitter, to announce the listing of the meme crypto asset.
$SHIB wallet is open and trading has now begun on https://t.co/djef1QPdOc https://t.co/egNBcF4wYP
Shiba Inu has made it to other top-grade platforms apart from Bittrex. This includes Gemini, Coinbase, Bitfinex and others.
As per the official Shib Burn official Twitter handle, more than 9,460,737 tokens were burnt within the past 1 hour with 1 transaction. According to the data offered by IntoTheBlock, a data aggregator, Shiba Inu whales are becoming active as large transactions have surged by 30% during the past 24 hours. A usual transaction is over $100,000, and considerable transactions usually indicate whale movements.
The meme-coin has bagged another record. As per WhaleStats, there are currently 1,203,634 token holders of the asset. The digital asset has placed itself among the top 100 Ethereum whales. As of this writing, Shiba Inu was exchanging hands at $0.0000106.
Crypto winter is still on and affecting the cryptos significantly. Dominating coins Bitcoin Ethereum are still struggling to get past this nightmarish scenario. But it appears like the circumstances it has created are going to persist for a while. Though many experts believe that the market will rebound in the near future. But with this kind of market fear, it is hard to believe. At least for a while.
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