The situation in the crypto world of the Shiba Inu coin
The situation in the crypto world of the Shiba Inu coin

The situation in the crypto world of the Shiba Inu coin

By Andrea Porcelli - 15 May 2023

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Shiba Inu, the adorable dog-themed coin, has been making headlines recently with its trend and a series of newsworthy events in the crypto world. 

As a meme-based token inspired by the famous Dogecoin, Shiba Inu has captured the imagination of the cryptocurrency community and attracted a dedicated following. 

In this article, we will explore the current price movements of Shiba Inu, analyze the factors that have contributed to its performance, and delve into the latest news on this intriguing digital asset. 

Whether you are an investor tracking its price or simply intrigued by its popularity, join us as we explore the fascinating world of Shiba Inu and its recent developments.

The price and crypto statistics of the Shiba Inu meme coin 

The price of Shiba Inu over the past month has dropped a lot, and this has caused the crypto community a lot of concern. In terms of numbers, the price in the past 30 days has dropped by about 20%, although in the past week it seems to have recovered slightly. Today’s price of Shiba Inu is $0.00000891. 

As for market statistics, Shiba Inu’s market capitalization is $5.3 billion, with an average daily trading volume of $96.5 million. 

Shiba Inu’s outstanding supply is one of the largest in the crypto world; indeed, the supply features as many as 590 trillion SHIB tokens, with an average holding time of 250 days. 

Shiba Inu remains one of the most well-known cryptocurrencies in the ecosystem, and without a doubt, one of the most discussed. In CoinMarketCap’s ranking it is currently in the number 16 position. 

While this past month Shiba Inu is not in its most flourishing moments, the latest news brings hope to those who believe in the project. With new results and interesting news Shiba Inu can undoubtedly improve its results.

The success of the beta version of Shibarium is good news for Shiba Inu

Shibarium, the newest addition to the cryptocurrency community, is quickly gaining attention and attracting increasing interest. 

In just two months since its launch, Shibarium’s beta “Puppynet” has seen a remarkable surge in transactions, currently reaching a staggering 6,900,532. This impressive growth indicates the positive momentum surrounding Shibarium.

PuppyScan’s most recent data reveal that Shibarium has reached a total of 14,701,132 transactions, with a total number of blocks of 781,127. 

Notably, Shibarium boasts an average block time of only 6.4 seconds, demonstrating its efficiency and speed.

Just a week ago, a news outlet reported that the number of wallet addresses interacting with Shibarium has already exceeded 14.2 million. 

At the same time, the total number of transactions had reached 5,088,500. During this period, Shibarium recorded a total number of blocks of 685,308 and an average block time of 5.2 seconds.

These statistics demonstrate the growing popularity and usage of Shibarium in the cryptocurrency space. The substantial increase in transactions, wallet addresses and blocks highlights the robustness and efficiency of the platform. 

Shibarium’s ability to process transactions quickly and securely positions it as a promising competitor in the cryptocurrency market.

With its growing prominence, Shibarium has garnered the attention of investors, developers, and cryptocurrency enthusiasts. 

The unique features of the project and its potential for growth have captured the imagination of many within the cryptocurrency community. As a result, interest in Shibarium is increasing at an alarming rate, signaling a positive trend for its future.

As Shibarium continues to gain traction, it is expected to attract further attention and adoption. The platform’s efficient block time and growing number of transactions make it an attractive choice for users seeking faster and more reliable cryptocurrency transactions. 

Shibarium’s growth potential is also supported by the expanding wallet address network, which indicates a growing user base.

Among the interests of Twitter’s new CEO is Shiba Inu

On 12 May, a significant change took place in the Twitter universe: Elon Musk announced his decision to leave the position of CEO

The announcement came as a surprise to many, but what caught the attention of cryptocurrency enthusiasts was the appointment of Linda Yaccarino as the new CEO.

One interesting detail that emerged about Yaccarino is her affinity for Shiba Inu, a popular meme-based cryptocurrency. It was discovered that she followed the official Dogecoin account of Billy Markus, one of the creators of Dogecoin. 

This discovery sparked curiosity in the cryptocurrency community, as it highlights Yaccarino’s interest in the cryptocurrency world.

Unlike Elon Musk, whose position on cryptocurrencies is widely known and has even had a significant influence on the market with his tweets, Yaccarino’s position on cryptocurrencies remains relatively unknown. 

This has led to speculation and discussion within the community about what her appointment might mean for the future of Twitter and her potential involvement in the cryptocurrency space.

Although Yaccarino’s interest in Shiba Inu and Dogecoin may suggest a positive inclination toward cryptocurrencies, it is essential to note that personal interests do not necessarily translate into business strategies. 

It remains to be seen how Yaccarino will navigate the intersection between Twitter and the cryptocurrency world and whether he will leverage his knowledge and connections to promote cryptocurrency-related initiatives within the platform.

The cryptocurrency community, known for its enthusiasm and curiosity, eagerly awaits further developments and statements from Yaccarino regarding her stance on cryptocurrencies. 

Many hope that her appointment could potentially lead to new opportunities for Twitter to explore the blockchain and cryptocurrency space, leading to greater adoption and integration of digital assets on the platform.

It is worth mentioning that Twitter has been an important platform for discussions, news, and even market movements related to cryptocurrencies. The power of influential figures and their tweets in shaping the perception and value of different digital currencies has been evident.

Yaccarino’s position as the new CEO raises questions about how his leadership might influence the relationship between Twitter and the cryptocurrency community.

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