Bittime – Even though theShiba Inu token (SHIB)is experiencing a 13.3% drop in the last 24 hours, there are positive signals emerging fromon-chain. Analysis of the data shows a significant increase in Shiba Inu community activity.
Based on IntoTheBlock data, whale transactions (large investors) with a value of more than $100,000 jumped 160% to 2,222 transactions on March 4 compared to 845 transactions on March 3. This indicates high interest from large investors in Shiba Inu.
Shiba Inu Active Accounts Increase
Additionally, Shibariumscan data shows a drastic increase in the number of active Shiba Inu accounts. As of March 4, there were 1,896 active accounts, more than double compared to 788 accounts the previous day. This increase shows that more users are interested and engaged with Shiba Inu.
Looking at other indicators, Shiba Inu's trading volume in the last 24 hours reached $14.2 billion. This figure far exceeds competitors such as Dogecoin ($8.6 billion), Cardano ($1.9 billion), BNB ($3.1 billion), Solana ($8.2 billion), and XRP ($4.7 billion). This trading volume dominance shows high buying interest in Shiba Inu.
Even though prices are falling, the Shiba Inu community remains optimistic. Shytoshi Kusama, the main developer of Shiba Inu (under a pseudonym), via his tweet emphasized that the plans and goals of the Shiba Inu project have not changed since the beginning, namely as a "Dogecoin Killer".
Check Today's Crypto Market:
The Shib Magazine
Shiba Inu's latest magazine released on March 6, "The Shib", states that there will be interesting announcements in the coming weeks. One of the highlights is the "Shiba Names" program, which allows users to have an official identity through Shiba Inu Name Tokens. The magazine concludes with an emphasis from Shiba Inu developers on their efforts to improve security to deal with increasing threats.
CryptoDep, in its latest tweet about the most popular meme tokens based on social media activity, ranked Shiba Inu in the top three with 18,700 posts, 27.4 million interactions and a social dominance of 3.60%.
SHIB Bezos, a community member, advised users to avoid buying due to FOMO (Fear Of Missing Out) or panic selling. He actually recommends "buying when prices are down."
By maintaining its position in the top 10 cryptocurrencies, a potential interesting announcement next week could again trigger Shiba Inu price increases.
Also read How to Buy Crypto:
How to Buy Shiba Inu (SHIB) on Bittime
You can buy and sell Shiba Inu (SHIB) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Shiba Inu (SHIB) is available on Bittime with the market pair SHIB/IDR . To be able to buy SHIB IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Shiba Inu (SHIB) on Bittime .
Monitor price chart movements of Shiba Inu (SHIB) , Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
SHIB Price Jumps 128% in 7 Days: What is the SHIB Price Prediction?
Bitcoin Flash Crash: Losing Billions? Check out the Impact and Analysis
Will Memecoins BEFE and PEPE Skyrocket like LUNC Burn?
DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.