More Users Enter Shiba Inu’s Ecosystem Since the Start of 2022

2 years ago

Shiba Inu added 1 million holders in the previous year. Only a few days have passed since the beginning of 2022, and the digital coin has already started showing signs of positive growth. This is evident as it has added approximately 200,000 new holders to its ecosystem.

According to data published by WhaleStats, the number of holders stands at 1,198,043. However, this is less likely to have a good effect on the market price of Shiba Inu.

Shiba Inu Adds More Users

In addition to the number of holders, WhaleStats also published data regarding how much is held by top investors. The number stands at 50.29%, representing a growth rate of 36.07%.

An increase in the number of holders does not necessarily reflect positively on its trading value which stands at $0.000023. The value has been down by 4.31% for the past 24 hours. However, this popular Shiba Inu price prediction shows a much brighter picture stating that the digital coin could reach the mark of $0.0000623 by the fourth quarter of 2022.

Holders rising in the ecosystem of Shiba Inu at a lower price simply show the intention of accumulating tokens when they are at their lowest value. This is a common phenomenon in the Crypto industry.

While some question the future of a digital asset, many others get on board to trade the Crypto for a higher price in the future.

One could positively assume that it was the lower trading price of Shiba Inu that made it possible for the digital coin to briefly feature in the list of top 10 most purchased tokens by 1,000 Ethereum whales.

On this occasion, WhaleStats published a tweet saying that Shiba Inu was among the top 10 purchased tokens. The tweet added that it was also the most used smart contract by 1,000 biggest Ethereum whales in the last 24 hours.

Binance, a crypto exchange platform, decided to leverage this situation. It announced on Twitter that it was launching a limited-time offer for new users, allowing them to win Shiba Inu tokens for free.

As per the terms of the limited time offers, a pool of $80,000 will be distributed on the website to those who sign-up through a referral link. Users who sign-up will be able to obtain 308,000 tokens.

On the other hand, users who have a trading volume of more than 1,000 tokens will also be eligible to share the remaining $20,000.

There is no doubt that the performance of Shiba Inu was overwhelming. But recent changes have brought Shiba Inu back to a down position. At the time of writing, Shiba Inu remains lower by 73.23% from its all-time high value.

Traders are still entering the ecosystem, showcasing their confidence in the growth of the coin. In other words, the trading value could still go up in the near future.