Shiba Inu Becomes the Favorite Crypto for Starting Investment

  • Nansen’s new feature “Fresh Wallets” dashboard tracks newly created wallets with high transaction volume.
  • Shiba inu ranks as the second safest coin in the web3 ecosystem.

According to Nansen, a giant in On-chain data and market analysis, Bitcoin (BTC) and Ethereum (ETH) are no longer the only top choices of the new investors. This is evident after their new feature “Fresh Wallets” dashboard encompassed latterly generated wallets that usually had high-volume transactions. 

The much anticipated Shiba Inu’s new layer-2 rollup Shibarium to hit the market soon. Lead developer Shytoshi Kusama teases the community with the beta release date. The world’s second largest meme coin aka Doge coin’s rival encountered consecutive green candle moments all over this January 2023.

The transition where people roll out of the traditional banking systems due to its low APY has abetted to mass adoption. Furthermore, lack of transparency in their Proof-of-reserves, Circulation and total volume minted among Centralized banks were yet another root cause. The Crypto fills the gap by facilitating with access to the global market which leads to huge market fluctuations. 

Shiba Inu Hustles Harder to Stay On Top

Currently trading at a price of $0.000012 USD after encountering a small correction following its steady green candle month, ranks #13 overall in CMC. The coin has a 24 hour trading volume of $389,650,293 USD with a circulating supply burgeoning over $549,063,278,876,302.

Shiba Inu Price Chart (Source: CMC)

Ranking as the second most safest Crypto project according to Certik despite subsequent web3 attacks in the Bear season is no simple task. The community rejoices after the advent of the Shibburn to stabilize the market value as it encourages the staking. The ERC-20 project has announced the $BONE to be utilized as their native governance token in the ShibaSwap.

The crypto influencer David Gokhshtein, founder of Gokhshtein Media, joked in a tweet yesterday

and set-up waves in the Shiba Inu community lately. 

I’m Guruprakash, the-ADA-man means an Artist, a Designer, and an Architect. I’ve always been enthusiastic about the Cryptocurrencies and the trailblazing Web3 ecosystem. My fervor for writing was kindled while educating my students and mentees.