Shiba Inu (SHIB) Surpassed All Other Non-Stablecoin Token

Shiba Inu (SHIB) Surpassed All Other Non-Stablecoin Token
  • It was the most searched coin on CoinGecko from October 11 – 18.
  • Shiba Inu tokens, purchase possibile at 4,000 ATMs throughout the US and Brazil.

Shiba Inu (SHIB), the most commonly used non-stablecoin on the Ethereum (ETH) blockchain in the last 7 days. In terms of top tokens by unique senders, unique receivers, and total uniques, SHIB has just surpassed all other non-stablecoin tokens, ranking third.

According to Etherscan.io, it trails Tether USD (USDT) and USD Coin (USDC) are in all categories, with 102,746 unique senders, 66,194 unique receivers, and 132,708 total uniques.

Although the coin has recently been criticized, especially by Scion Capital’s former hedge fund manager Michael Burry, who termed the token “pointless” and a “bad investment option.” Given the known effect of having a plentiful supply on an asset’s price.

A tweet requesting Robinhood to list the coin reached one million Twitter followers, with over 268,000 signatures. As soon as it gets 300,000 signatures. It will have its inclusion in the website’s most popular petitions. According to COIN98 statistics. It was the most searched coin on CoinGecko from October 11 – 18 out of the top 30 trending searches.

Help Smaller Investors Make Fast Money

It’s also worth noting that from June 2021. When the meme token had 536,300 holders and on October 18. The meme token gained almost 200,000 new holdings. The cryptocurrency community doesn’t universally accept SHIB. So it exists to help smaller investors make fast money.

An international rescue group and a new NFT marketplace may help to improve the project’s reputation. For example, Coin Cloud now allows Shiba Inu tokens purchase at 4,000 ATMs throughout the US and Brazil.

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A diploma graduate who is passionate about digital currency and loves writing. He loves the concept of crypto and keeps himself up to date with the latest development and news of the crypto world.