Tue Jan 24, 2023 ▪ 2:00 pm ▪
min read – from
The web is full of advice to best start an adventure in investing in cryptocurrencies. While some sites point the layman to stablecoins, others fill them with hopes of earnings with flagship cryptocurrencies like bitcoin and ethereum. Nansen, in an on-chain analysis report shared last week, reported that newly created crypto wallets have recently stockpiled SHIB. Which, without a doubt, guarantees the status of crypto starter to the Shiba Inu.
Shiba Inu (SHIB), the most popular crypto starter
Has the Shiba Inu finished with his misfortunes? In any case, its valuation at $0,000,008 in November almost became history. Now that its price is around 0,000,012, new crypto wallets are piling up on SHIB.
This was stated by Nansen, a blockchain analytics platform, last week, reports CryptoPotato. On this occasion, nearly $56 million worth of SHIB were funneled into approximately 12,000 newly created wallets.
Stablecoins, bitcoin and ether would therefore not be able to dethrone the “Doge killer” among crypto trading newbies. To say that even the two most valuable cryptocurrencies in the world have abandoned their bad posture of last year.
This craze for the Shiba Inu has no explanation except:
- the imminent advent of Shibarum, its Layer-2 blockchain that will materialize the spirit of the founder of Shiba Inu;
- the dynamism shown by the team around this same corner and the ShibArmy’s unconditional support for Shytoshi Kusama;
- and many others.
Some believe it, some don’t.
Like other cryptocurrencies, the Shiba Inu also attracts skeptics. There is notably this Finder panel that has argued that the same coin will crash in 2030. Their SHIB price prophecy has not come true. Because instead of valuing $0.0000018, according to their prediction, the cryptocurrency gained another zero.
But U°Today reported that Gokhstein Media founder David Gokshstein will dump his SHIBs as soon as they hit $0.01.
Many Shiba Inu fans are waiting for their favorite cryptocurrency to be worth 1 cent. The road seems far away to them, but they continue to believe it. The seriousness shown by the team behind this same corner serves as a motivation.
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The blockchain and cryptocurrency revolution is underway! And the day the impacts are felt on this world’s most vulnerable economy, against all hope, I’ll say I have something to do with it.