fbpx
Bullish
No Result
View All Result
  • News
    Latest News
    People
    Currencies
    Tech
    Markets
    Policy & Regulation
    Business
    Exchanges
    Latest News
    People
    Currencies
    Tech
    Markets
    Policy & Regulation
    Business
    Exchanges
  • Features
  • Australia
  • Top Coins
  • Topics
    Bitcoin
    Ethereum
    Cryptocurrencies
    NFTs
    DeFi
    Gaming
    Trading
    Bitcoin
    Ethereum
    Cryptocurrencies
    NFTs
    DeFi
    Gaming
    Trading
  • Exchanges
    Latest News
    Recommended Exchanges
    How to Buy Bitcoin
    How to Sell Bitcoin
    Latest News
    Recommended Exchanges
    How to Buy Bitcoin
    How to Sell Bitcoin
  • Guide
    ALL 101 Guides
    Blockchain
    Trading
    ICOs
    Bitcoin
    Ethereum
    Currencies
    ALL 101 Guides
    Blockchain
    Trading
    ICOs
    Bitcoin
    Ethereum
    Currencies
  • News
    Latest News
    People
    Currencies
    Tech
    Markets
    Policy & Regulation
    Business
    Exchanges
    Latest News
    People
    Currencies
    Tech
    Markets
    Policy & Regulation
    Business
    Exchanges
  • Features
  • Australia
  • Top Coins
  • Topics
    Bitcoin
    Ethereum
    Cryptocurrencies
    NFTs
    DeFi
    Gaming
    Trading
    Bitcoin
    Ethereum
    Cryptocurrencies
    NFTs
    DeFi
    Gaming
    Trading
  • Exchanges
    Latest News
    Recommended Exchanges
    How to Buy Bitcoin
    How to Sell Bitcoin
    Latest News
    Recommended Exchanges
    How to Buy Bitcoin
    How to Sell Bitcoin
  • Guide
    ALL 101 Guides
    Blockchain
    Trading
    ICOs
    Bitcoin
    Ethereum
    Currencies
    ALL 101 Guides
    Blockchain
    Trading
    ICOs
    Bitcoin
    Ethereum
    Currencies
No Result
View All Result
Bullish
No Result
View All Result
  • bitcoin
    BTC$59,907.33-0.92%
  • ethereum
    ETH$4,513.41-1.80%
  • ripple
    XRP$1.05-2.62%
  • cardano
    ADA$1.44-1.97%
  • dogecoin
    DOGE$0.208-0.35%
  • Bitcoin(BTC)
    bitcoin
    $59,907.33 -0.92%(24H Vol)
    $25,492,652,221.98
    Ethereum(ETH)
    ethereum
    $4,513.41 -1.80%(24H Vol)
    $16,749,993,507.32
    Tether(USDT)
    tether
    $1.42 0.020%(24H Vol)
    $59,891,683,997.62
    USD Coin(USDC)
    usd-coin
    $1.41 0.110%(24H Vol)
    $4,553,646,010.30
    XRP(XRP)
    ripple
    $1.05 -2.62%(24H Vol)
    $3,698,049,882.21
    Cardano(ADA)
    cardano
    $1.44 -1.97%(24H Vol)
    $1,042,135,500.75
    Polkadot(DOT)
    polkadot
    $26.88 -3.96%(24H Vol)
    $739,909,698.88
    Dogecoin(DOGE)
    dogecoin
    $0.208 -0.35%(24H Vol)
    $2,421,466,541.19
    Wrapped Bitcoin(WBTC)
    wrapped-bitcoin
    $59,849.27 -1.06%(24H Vol)
    $291,701,535.41
    Dai(DAI)
    dai
    $1.42 0.140%(24H Vol)
    $365,802,868.23
    Cosmos Hub(ATOM)
    cosmos
    $37.24 -2.59%(24H Vol)
    $461,620,801.82
    Litecoin(LTC)
    litecoin
    $154.87 -2.67%(24H Vol)
    $693,037,025.93
    Chainlink(LINK)
    chainlink
    $21.19 -3.53%(24H Vol)
    $612,749,227.62
    TRON(TRX)
    tron
    $0.088 -2.52%(24H Vol)
    $1,453,850,440.15
    Bitcoin Cash(BCH)
    bitcoin-cash
    $449.01 -2.49%(24H Vol)
    $550,405,164.09
    Ethereum Classic(ETC)
    ethereum-classic
    $56.18 -4.88%(24H Vol)
    $939,420,864.79
    Algorand(ALGO)
    algorand
    $1.06 -3.26%(24H Vol)
    $138,958,745.58
    Stellar(XLM)
    stellar
    $0.281 -2.75%(24H Vol)
    $275,401,714.72
    Uniswap(UNI)
    uniswap
    $13.74 -3.38%(24H Vol)
    $200,163,387.41
    Monero(XMR)
    monero
    $340.29 -0.61%(24H Vol)
    $449,928,001.16
    Filecoin(FIL)
    filecoin
    $29.17 -4.60%(24H Vol)
    $378,911,694.68
    Decentraland(MANA)
    decentraland
    $3.19 -2.59%(24H Vol)
    $240,944,602.04
    Tezos(XTZ)
    tezos
    $4.40 -2.46%(24H Vol)
    $129,231,516.79
    The Graph(GRT)
    the-graph
    $0.540 -4.37%(24H Vol)
    $216,564,609.01
    Aave(AAVE)
    aave
    $244.80 -4.06%(24H Vol)
    $337,947,636.95
    EOS(EOS)
    eos
    $3.29 -2.98%(24H Vol)
    $512,672,568.91
    Waves(WAVES)
    waves
    $32.13 -13.23%(24H Vol)
    $956,065,057.73
    Zcash(ZEC)
    zcash
    $226.85 -5.13%(24H Vol)
    $214,617,511.78
    IOTA(MIOTA)
    iota
    $1.00 -3.59%(24H Vol)
    $50,964,919.60
    Maker(MKR)
    maker
    $2,861.16 -1.97%(24H Vol)
    $53,893,499.23
    Bitcoin SV(BSV)
    bitcoin-cash-sv
    $120.14 -1.65%(24H Vol)
    $167,954,357.29
    NEO(NEO)
    neo
    $30.19 -4.18%(24H Vol)
    $157,399,480.08
    Loopring(LRC)
    loopring
    $1.34 -3.80%(24H Vol)
    $161,712,248.40
    Dash(DASH)
    dash
    $154.36 -3.66%(24H Vol)
    $279,945,226.23
    Basic Attention Token(BAT)
    basic-attention-token
    $1.04 -4.51%(24H Vol)
    $77,912,772.36
    Pax Dollar(USDP)
    paxos-standard
    $1.42 0.110%(24H Vol)
    $11,864,559.83
    NEM(XEM)
    nem
    $0.145 -2.54%(24H Vol)
    $23,133,685.79
    Kava(KAVA)
    kava
    $6.60 1.56%(24H Vol)
    $145,637,639.56
    Decred(DCR)
    decred
    $81.10 -2.73%(24H Vol)
    $4,430,389.42
    yearn.finance(YFI)
    yearn-finance
    $28,188.32 -2.87%(24H Vol)
    $89,810,768.09
    Qtum(QTUM)
    qtum
    $9.45 -4.44%(24H Vol)
    $113,652,066.72
    OMG Network(OMG)
    omisego
    $6.54 -4.29%(24H Vol)
    $118,576,136.49
    Bancor Network Token(BNT)
    bancor
    $3.50 -3.79%(24H Vol)
    $20,624,283.28
    0x(ZRX)
    0x
    $1.04 -6.95%(24H Vol)
    $75,027,959.18
    Bitcoin Gold(BTG)
    bitcoin-gold
    $50.09 -5.38%(24H Vol)
    $17,546,459.29
    PAX Gold(PAXG)
    pax-gold
    $2,757.42 -0.04%(24H Vol)
    $14,952,315.04
    ICON(ICX)
    icon
    $1.13 -5.22%(24H Vol)
    $26,655,708.24
    Siacoin(SC)
    siacoin
    $0.015 -4.02%(24H Vol)
    $17,228,646.27
    Kyber Network Crystal(KNC)
    kyber-network-crystal
    $5.95 18.23%(24H Vol)
    $229,916,190.14
    NuCypher(NU)
    nucypher
    $0.568 -2.57%(24H Vol)
    $1,686,942.75
    REN(REN)
    republic-protocol
    $0.517 -6.90%(24H Vol)
    $48,696,476.13
    Nano(XNO)
    nano
    $3.37 -0.94%(24H Vol)
    $29,765,864.97
    Lisk(LSK)
    lisk
    $3.02 -3.71%(24H Vol)
    $10,694,037.41
    Fetch.ai(FET)
    fetch-ai
    $0.528 -6.17%(24H Vol)
    $41,870,335.93
    Civic(CVC)
    civic
    $0.405 -5.11%(24H Vol)
    $26,376,650.04
    Aragon(ANT)
    aragon
    $6.40 -3.02%(24H Vol)
    $35,022,110.00
    Numeraire(NMR)
    numeraire
    $39.52 -1.85%(24H Vol)
    $3,465,563.36
    Band Protocol(BAND)
    band-protocol
    $5.58 -4.49%(24H Vol)
    $27,981,536.00
    Orchid Protocol(OXT)
    orchid-protocol
    $0.376 -5.06%(24H Vol)
    $22,784,158.87
    Storj(STORJ)
    storj
    $1.52 -4.58%(24H Vol)
    $27,908,936.03
    Enzyme(MLN)
    melon
    $79.84 -1.51%(24H Vol)
    $9,669,063.29

    Shiba Inu Now Has One Million Holders

    Jean Lee by Jean Lee
    December 11, 2021
    in Currencies
    Physical Shiba Inu (SHIB) token on other cryptocurrencies
    Share on FacebookShare on Twitter

    Created by Ryoshi in August 2020, Shiba Inu Token (SHIB) has acquired more than one million holders in less than 24 months despite a recent drop in its market price. The increasing addresses of SHIB may suggest that memecoin fever is not over yet.

    From Dogecoin Copycat to Dogekiller

    Though constantly doubted by critics in value, memecoins proved themselves to be an indispensable part of the crypto market. Dogecoin (DOGE) was the very first meme coin that went mainstream while its follower Shiba Inu token (SHIB) seems to be replacing DOGE gradually, both in market share and brand awareness. SHIB outperformed DOGE in the first quarter of 2021 and made its first all-time-high (ATH) in May. What was more surprising was that SHIB repeated this by hitting a second ATH on 28th October. Previously condemned as a Dogecoin copycat, SHIB surpassed Dogecoin in market cap ranking and fully lived up to its name as a “Dogekiller”.

    Though SHIB continues to drop in price following its ATH in October, it remains extremely popular on social media platforms. It has more fans than Ethereum on Twitter, reaching over 2.2 million. Despite its number of Twitter followers being smaller than Dogecoin’s 2.5 million, SHIB’s influence among the crypto community is rising, which is more evident when it comes to actual transaction activity. According to ultrasound.money, SHIB has burnt more than 10,000 ETH in transaction fees, ranking as one of the most active projects on the Ethereum blockchain and ecosystem.

    Why SHIB is So Popular

    Apart from the social media buzz caused by Elon Musk, SHIB’s success is also considered a result and miracle of community consensus. From the very beginning, the SHIB team didn’t reward themselves with any SHIB tokens. 50% of SHIB’s total supply has been locked in Uniswap since its inception while the other 50% was sent to Vitalik Buterin “for safekeeping”. The founder of Ethereum decided to donate those tokens to India’s Crypto Covid Relief to help with the fight against the pandemic, which ensured SHIB’s “long-term success and stability”. A truly decentralised ecosystem that has been in the making since the SHIB team began carrying out more operations including governance token development, DeFi kits for ShibSwap, forays into art with their Shiba Inu Incubator, and other developments.

    A low unit price has made SHIB a plausible option for crypto beginners who prefer to start with comparatively cheap coins (even though market cap is the true indicator of cheap coins not unit price). Given the rising fame and popularity, more prominent exchanges like Coinbase and CoinSpot started to list SHIB and chain stores like AMC openly expressed interest in accepting SHIB as a payment option, which grew the coin’s user base more than ever. Though the price of the token has not been fantastic recently, the increasing number of its holders suggests that people are still interested in the future of SHIB.

    Previous Post

    Adidas Partners with Coinbase and Sandbox For Metaverse

    Next Post

    Citigroup hires cryptocurrency head

    Related Posts

    Land In The Metaverse - What Makes It So Valuable?
    Currencies

    Land In The Metaverse – What Makes It So Valuable?

    May 21, 2022
    Altcoin News
    Polygon Rebounds After Reaching $0.787, Will There Be Another Price Rally?
    Currencies

    Polygon Rebounds After Reaching $0.787, Will There Be Another Price Rally?

    May 16, 2022
    Altcoin News, Trading
    Cardano Founder Explains ADA Price Drop, Saying We Are Entering Bull Market
    Currencies

    Cardano Founder Explains ADA Price Drop, Saying We Are Entering Bull Market

    May 23, 2022
    Altcoin News
    LUNA Plummets 60% As Binance Halts LUNA and UST Withdrawals
    Currencies

    LUNA Plummets 60% As Binance Halts LUNA and UST Withdrawals

    May 13, 2022
    Altcoin News
    Next Post
    Citi office building in Toronto, Canada.

    Citigroup hires cryptocurrency head

    Leave a Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Follow Us

    Coin Culture Twitter    Coin Culture Facebook    Coin Culture Twitter   

    About

    About Us

    Write for Us

    User Sitemap

    Bitcoin Giveaway

    Ethics Policy

    Terms and Conditions

    Categories

    • Business
    • Crypto Exchange Reviews
    • Currencies
    • Exchanges
    • Markets
    • People
    • Policy & Regulation
    • Tech

    Useful Guides

    Bitcoin

    Bitcoin Cash

    Blockchain

    Ethereum

    Ripple

    Trading

    Browse by Tag

    Adoption Altcoin News Australia Banks Bitcoin Bitcoin News Blockchain Blockchain News btc Business Cardano Cardano News CBDC China Coinbase CoinSpot Crypto Cryptocurrencies DeFi Dogecoin News El Salvador ETF Ethereum News Exchanges Games India Markets Metaverse Mining NFT Opinion People Policy and Regulation Russia SEC Security Shiba Inu Shiba Inu News Solana Stablecoins Tax Tech Terra Trading U.S.

    Recent Posts

    • Institutional Investors Bullish On Cardano ($ADA), Polkadot ($DOT) Despite Crypto Market Downturn
    • LUNA Team Debunks Claims “Hard Fork” And Clarifies Terra 2.0 Genesis
    • eBay Introduces Its First NFT Collection on Polygon

    © 2021 CoinCulture. All rights reserved.

    No Result
    View All Result
    • News
      • Latest News
      • Currencies
      • Tech
      • Markets
      • Policy Regulation
      • Business
    • Features
    • Australia
    • Topics
      • Bitcoin
      • Ethereum
      • Defi
      • NFT
      • Gaming
      • Trading
    • Exchanges
      • Latest News
      • Recommended Exchanges
      • How to Buy Bitcoin
      • How to Sell Bitcoin
    • Guide
      • All Guide
      • Bitcoin Guide
      • Ethereum Guide
      • Blockchain
      • Trading
      • ICO Guides
      • Currencies
        • Bitcoin Cash
        • Ripple

    © 2021 CoinCulture. All rights reserved.