Over the years, the crypto industry has seen the introduction of a plethora of assets. However, most have failed to compete with prominent cryptocurrencies such as Bitcoin [BTC] or Ethereum [ETH]. Shiba Inu [SHIB], a meme coin, changed this narrative as its popularity skyrocketed. Despite a significant drop in value this year, the asset’s popularity kept it afloat.
Binance, the world’s largest cryptocurrency exchange, tweeted about the most-watched cryptocurrency in 2022. It was not surprising to see BTC and ETH on the list. However, the presence of Shiba Inu surprised many people. The Shib Army, on the other hand, was overjoyed.
The year 2022 has clearly been significant for Shiba Inu. The network made a lot of noise, from opening a SHIB-themed restaurant to releasing its own video game. Along with this, network developers were seen teasing the community about Shibarium.
The SHIB network began a surprise countdown earlier today. While many people thought the countdown was related to Shibarium, others were skeptical. The countdown was currently at 14 hours, 45 minutes, and 11 seconds.
The Shiba Inu Holder Count Paves the Way for Coin’s Recovery
Following a significant increase in holder count this year, the total number of unique addresses began to decline in December. However, the Shib Army was seen attempting to increase these numbers before the end of 2022. SHIB’s total addresses were 1,268,344 at the time of publication, the highest the network had reached in December.
Related Article: Countdown Shared on Shiba Inu Twitter Handle: What Could it be?
As previously stated, despite the asset’s declining value, Shiba Inu’s popularity did not wane. SHIB is currently 90.34 percent below its all-time high of $0.00008845, reached in October 2021.
Shiba Inu was trading for a low of $0.000008607 with a daily gain of 3.19 percent at the time of publication. As a result, several community members speculated that SHIB might be on par with BTC and ETH in terms of popularity. However, the meme coin’s chances of reaching their price levels were extremely unlikely in the near future.