Wednesday, February 1, 2023
HomeCrypto NewsShiba InuOver 1.8M Users On CoinMarketCap watch Shiba Inu

Over 1.8M Users On CoinMarketCap watch Shiba Inu

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On CoinMarketCap, Shiba Inu price changes are monitored by over 1.8 million users.

Shiba Inu is, without a doubt, one of the most widely used cryptocurrencies. Shiba Inu has a sizable fan base on social networking sites, particularly Twitter. 

The popular microblogging network has more than 3.6 million followers for the cryptocurrency asset.

Shiba Inu’s presence on the cryptocurrency aggregator portal CoinMarketCap has grown alongside its social media following. 

Shiba Inu is on nearly 2M users’ watchlists on CoinMarketCap. Shiba Inu was added to 1,809,792 people’s watchlists, per CMC statistics.

Investors in cryptocurrencies can follow their gains and losses on a specific asset using the CMC Watchlist tool. 

The function gives CoinMarketCap users immediate price notifications on the cryptocurrencies on their watchlists, letting them know how the asset is performing. 

Cryptocurrency traders can use the feature to make quick trading decisions.

Shiba Inu is one of the current top 10 crypto assets on CoinMarketCap. According to CMC data, Shiba Inu is the seventh most viewed cryptocurrency on the aggregator platform. 

Above XRP, Solana, and Deep Network is Shiba Inu. However, the cryptocurrency with a canine theme trails Terra Classic, Ethereum, Binance Coin, Bitcoin, etc.

Shiba Inu Adoption is Increasing

It is not unusual to see Shiba Inu on many CMC users’ watchlists. Investors continue to buy substantial amounts of the asset class despite the Shiba Inu price fall brought on by several political and economic developments in the cryptocurrency industry, including Terra and FTX collapse. 

Top cryptocurrency traders have recently shown an interest in SHIB. Deep-pocketed investors continuously pick up staggering amounts of SHIB as they expect a price increase soon.

As reported this week, Shiba Inu is rated as the sixth-largest cryptocurrency held by the top 100 whales on the Ethereum network.

 According to the data, the top 100 ETH whales collectively control 5.76T SHIB, which is worth around $52.83M. 

Following an unidentified whale’s acquisition of 1.9T Shiba Inu tokens earlier this week, the top 100 ETH whales now control enormous amounts of SHIB.

Shiba Inu is trading at about $0.000008947 at the time of publication, up 1% over the previous day.

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