The Shiba Inu corner meme 2022 is experiencing a relatively turbulent year, in particular a strong correction in its price unlike 2021 and also the indecision of its community. It should also be noted that 2022 is not the most radiant year for crypto-currencies and even less for meme coins.
Indeed, these coins are struggling to find an identity, a utility and therefore this would tend to slow down the motivation of investors to believe in the project. However, in the case of Shiba Inu (SHIB) this year it is more than 100,000 additional holders who have joined the SHIB community.
More than 100,000 additional addresses
Despite quite a complex year for the sector cryptocurrencies following the bear market, but also in the specific case of Shiba Inu (SHIB) which seeks to become useful and has announced various projects to come as well from gaming, as a stablecoin or even a second. In short, Shiba Inu wants to develop an entire ecosystem.
However, its price has undergone a major correction this year, bringing more doubts to the community following SHIB. Nevertheless, even when there is uncertainty, it turns out that Shiba Inu are growing.
Indeed, it is 109,033 new addresses who joined the ranks this year bringing the total number of SHIB regulators to 1,223,516 addresses today compared to 1,114,483 on January 3, according to data from CoinMarketCap.
This represents a 9% increase in about 9 months. Of course, it is worth remembering that this number of investors fluctuated throughout the year depending on the price of SHIB.
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The number of investors increases despite less interest in Shiba Inu
It is interesting to look into the case of SHIB which has the ability to add more investors as interest in meme coins has been trending down for some time. This can easily be seen in the case of Shiba Inu by looking data from Google Trends.
So according to global searches the keyword Shiba Inu has dropped significantly over the year with its lowest point being during the month of July this year. It must be said that meme coins have this problem of not not have a concrete project which is not necessarily something acceptable in an industry where things change quickly.
This is why Shiba Inu has decided to take matters into their own hands in order to make SHIB more viable and introduce new projects into its ecosystem. In particular, there has been an increase in the burning of SHIB tokens to reduce the quantity in circulation which remains massive with the aim of potentially increasing the price of Shiba Inu. Nowadays 410 trilliards de tokens ont burn.
At the same time, Shiba Inu decided to enter the gaming and NFT sector with his project SHIBOSHIS allowing investors to mint, trade and obtain virtual land in addition to associated virtual reality gaming. A concept that makes the community very curious and therefore gives attention to SHIB.
Finally, the number of investors increasing is also explained by the price of the token. This last being extremely weak, it is an opportunity to invest at a low price and receive a large quantity of tokens unlike Bitcoin or Ethereum where the budget is clearly not the same to hope to own even one token.
SHIB Price Analysis
The current Shiba Inu price is of $0.00001021, an increase of 0.22% in the last 24 hours. Of course, the value of SHIB continues to fully suffer the impact of the bear market on all cryptocurrencies.
Some forecasts suggest that the price could reach $0.0000130 by the end of October. Of course, this depends on what’s to come for SHIB, but also on the general state of the market.
Shiba Inu remains a relatively special project and crypto that could explode in the months and years to come. You want to know more ? We explain everything to you in This article !