It’s been another big year for SHIB and we’re thrilled to welcome more than 100,000 new members to our community! As the leading platform for secure decentralized identity, we’re committed to helping individuals take control of their personal data. And with more people than ever before using SHIB to login and access online services, it’s clear that our mission is resonating with users around the world. Looking ahead, we’ll continue to work hard to grow the SHIB community. And make it even easier for people to take control of their digital identities. Thank you for your support and we can’t wait to see what the future holds for SHIB!
About Shiba Inu Tokens
Shiba Inu Tokens (SHIB) were created as a decentralized cryptocurrency token on the Ethereum blockchain. The total supply of SHIB is 1,000,000,000,000,000 and the circulating supply is 10,890,538,875 at the time of writing. SHIB has a market capitalization of $2,602,213,901 USD and each SHIB token is currently trading at $0.238189 USD.
SHIB was created with the intention of being a fun and meme-based cryptocurrency that would appeal to the online community. The Shiba Inu dog breed was chosen as the face of the currency because of its popularity on the internet. The developers behind SHIB wanted to create a currency that would be immune to pump-and-dump schemes often seen in other cryptocurrencies.
The SHIB token launched on May 11th, 2021. It quickly gained popularity within the cryptocurrency community. On May 12th, 2021, less than 24 hours after launch, SHIB was listed on major exchanges such as Binance and Huobi Global. Since then, SHIB has continued to be listed on more exchanges and has been steadily gaining in both price and liquidity.
SHIB welcomed more than 100 holders this year and continues to grow in popularity amongst crypto enthusiasts with its low price point and meme-based marketing campaign.
Shiba Inu Holders Grow By 9%
The Shiba Inu community has seen a 9% growth in holders this year. This is great news for the SHIB project, as more people are taking an interest in the project and holding the currency.
There are a number of reasons why we think the community has grown. Firstly, awareness of SHIB has increased thanks to our marketing efforts and partnerships. Secondly, our team has continued to grow and expand our reach, which has helped to attract new members to the community.
Lastly, and most importantly, we believe that the value proposition of SHIB is becoming increasingly attractive. The project has a strong roadmap and is well-positioned to capitalize on the growing DeFi ecosystem. We are confident that 2020 will be another big year for SHIB!
Burning SHIB tokens in an effort to spur a price increase
It’s been a roller coaster of a year for SHIB holders. The once-highflying token has seen its price plummet from an all-time high of $0.000070 in January to a low of $0.000004 in March. But the SHIB community remains upbeat, with over , holders joining the ranks this year despite the price crash.
And there’s good reason for their optimism. The SHIB team has been consistently executing on its roadmap, making progress on key development milestones. Most notably, the team has burned over 25% of the total supply of SHIBS in hopes of driving up the token’s price.
The theory goes that by burning tokens, the team is decreasing the supply and increasing demand, which should eventually lead to a price rally. And while it’s still early days, there are signs that this strategy is working, with the price of SHIB slowly ticking up in recent weeks.
Of course, only time will tell if this price rally is sustainable. But with the team remaining laser-focused on executing its roadmap, there’s reason to be optimistic about SHIB’s future prospects.
With more than 100,000 SHIB holders this year, we’re excited to continue growing the community and welcoming new members. We hope that our tips have helped you figure out how to use your SHIBs and shown you just how great they can be. If you need help finding the perfect way to use your SHIBs, check out our selection of products and find the perfect fit for your needs here bitcoin revolution. Thank you for being part of the SHIB community!