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Shiba Inu (SHIB), one of the largest meme coin projects by market value, announced on Twitter that it reached 900,000 followers in the past saadollarser. On September 16, the SHIB price made a strong exit showing the willingness of the bulls. Accompanied by the increasing price, $870 million flowed into SHIB pools via Coinbase within 24 hours. Apart from price, the Twitter communities of Litecoin (LTC) with 768,200 followers, Uniswap (UNI) with 631,000 followers, and even Solana (SOL) with 622,800 followers have been outstripped. Another positive development was that SHIB kept its weekly earnings above 10% despite the drop. However, according to social media analysis, most of Shiba Inu’s 900,000 followers are fake. followeraudit. com reveals these rates…

https://twitter. com/Shibtoken/status/1439825195519275008

How active are the communities in meme coin projects?

followeraudit. com, only 12.4% of the 900,000 followers of the Shiba Inu-themed cryptocurrency SHIB are active. According to the platform, the remaining 84.72% points to increased interest among fake and individual investors.

SHIB, a Shiba Inu mascot and seen as Dogecoin’s biggest competitor, is a decentralized meme coin built on Ethereum. The project’s quadrillion circulating supply revolves around NFTs and the recently announced ShibaSwap. Meanwhile, Tesla CEO Elon Musk’s emergence of a new “meme” frenzy called “Floki” may have contributed to the kidollarse and price reached by SHIB. As a result, the unit price of SHIB rose on the morning of September 13 after Musk’s tweet.

https://twitter. com/elonmusk/status/1437179881260032016

Shib Inu price analysis

Cryptocoin. com Coinbase decision was warmly welcomed by the Shiba Inu community and had a positive impact. SHIB price is 31% in this saadollarser. It rose 9% to $0.000008815. However, attempts targeting higher levels on August 16 showed the bulls to be weak. Currently, SHIB is trading in a turbulent range and is consolidating in two critical potential trading ranges. CoinMarketCap. According to com, meme coin is currently 3% intraday. Besides his 41 earnings, his weekly earnings are 11%. got it to 59. Selling pressure returned as investors continued to take profits from higher levels, resulting in a consolidation between the $0.00000768 and $0.00000835 resistance levels in this case. Now, according to crypto analyst Jordan Major, the Evergrande event that is shaking the current markets could cause the SHIB price to experience a padoller in both directions. However, given the downtrend of the weekend, we can expect the Shiba Inu price to recover somewhat. While he expects this positive climate to be felt throughout the market, he thinks we have a tangible reason for a new test to the $0.0000963 region, up 22%.


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Michael Lewis

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