Shiba Inu (SHIB) Price Enters Bullish Momentum With Holders Rising

Shiba Inu (SHIB) Price Enters Bullish Momentum With Holders Rising
  • Shiba Inu has been up 2.26% in the last 24 hours.
  • Shiba Inu accounts for more than 16% of the total holdings of the top ETH wallets.

Another milestone has been reached by Shiba Inu (SHIB). There are now 1,175,078 Shiba Inu owners in existence, according to WhaleStats statistics, which shows that the SHIB army is on the verge of expansion. The first Metaverse savings card now supports tokens like $SHIB, $LEASH, and $BONE.

For the second-largest meme-coin in the world, February has been a great month. The SHIB and its troops have recently released several thrilling reports and updates. There’s little doubt that investors and Shiba Inu fanatics are to thank for SHIB’s new record of 1,175,000+ holders. According to WhaleStats, the top 1000 ETH wallets still choose Shiba Inu. SHIB is the 3rd most popular currency among the top ten most valuable ETH holdings. When we dive further, we find that Shiba Inu accounts for more than 16% of the total holdings of the top ETH wallets.

SHIB/USDT: Source: TradingView

If the bears remain away for some time, the asset has another chance of surging more than 10% in the next several days. Strength in SHIB’s price has built up over the last several days, allowing it to break through significant resistance levels. A minimal period has elapsed since the asset broke through the 200-day and 50-day moving averages and is headed straight for the higher resistance levels. The SHIB price may stabilize for a bit after clearing these levels before deciding on its next course of action, which is expected to be positive.

Read More: Shiba Inu Price Prediction

According to CoinMarketCap, the Shiba Inu price today is $0.000031 USD with a 24-hour trading volume of $1,663,464,520 USD. Shiba Inu has been up 2.26% in the last 24 hours.

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