202
128 shares, 202 points

Meme coins are not only a joke, but are also known for their annual earnings in excess of 1,000%. In this article, we take a look at some interesting statistics about a popular meme coin project that turned $1 into $32 million in just 1 year.

This meme coin is worth millions of times from its price close to $0!

Despite the recent surge, the price of a Shiba Inu (SHIB) meme token has increased by 30 million times since last year. Comparing the price of a single SHIB on December 18, 2020 with the price on December 17, 2021, the former is over $0.0000032, while the latter is $0.000000000001. Therefore, $1 invested in SHIB a year ago is equivalent to $32 million today, despite the recent surge.

Last month, the meme token dropped from $0.00004933 to $0.00003203, losing 35.06% of its value. Over that time, the dog-themed cryptocurrency has lost nearly $10 billion in market capitalization and has dropped from $27.2 billion to $17.59 over the past 30 days. Thus, $ 9.61 billion was wiped from its market value.

Shiba Inu ownership hits record high

SHIB reached wallet despite wiping 40% of market value in a month The number is breaking records. The number of Shiba Inu owners continued to increase throughout this period. Interestingly, the total number of unique addresses holding SHIB increased from 968,871 on November 16 to 1,058,900 on December 15. Notably, the token’s popularity has grown steadily over the past month, reaching one million token holders on November 25 due to this growth. As of December 16, that number continues to climb to 1,067,121, adding 8,221 in just one day.

SHIB and DOGE rivalry heats up

Cryptokoin.com We have stated that Dogecoin (DOGE) will no longer be accepted as a form of payment by Tesla. In light of the latest news about the Shiba Inu, DOGE, the main competitor of the Shiba Inu, is attracting a lot of attention. However, SHIB has responded to Dogecoin with some new announcements of its own. Virtual Reality World company added SHIB to the list as a form of payment on December 15th. So customers can now pay with SHIB in VR World, thanks to the partnership with the payment tool BitPay.

  • Moreover, UK-based cryptocurrency exchange IndoEx, announced that it will list the Shiba Inu on its platform.


Like it? Share with your friends!

202
128 shares, 202 points

What's Your Reaction?

hate hate
1226
hate
confused confused
736
confused
fail fail
368
fail
fun fun
245
fun
geeky geeky
122
geeky
love love
981
love
lol lol
1104
lol
omg omg
736
omg
win win
368
win
Michael Lewis

Ich bin ein in Deutschland lebender Website-Software-Ingenieur. In meiner Nebentätigkeit schreibe ich Artikel für die Website Latestnews.plus.

0 Comments

Deine E-Mail-Adresse wird nicht veröffentlicht.

Choose A Format
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Meme
Upload your own images to make custom memes
Video
Youtube and Vimeo Embeds
Image
Photo or GIF
Gif
GIF format