1 million Shiba Inu users can't be wrong... can they?

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With implicit 1 cardinal token holders, Shiba Inu looks acceptable for large things ahead, contempt trading much than 50% beneath its each clip high.

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1 cardinal  Shiba Inu users can't beryllium  wrong... tin  they?

Shiba Inu (SHIB) has reached an adoption milestone by surpassing the 1 cardinal holders people — adjacent though the memecoin is trading 50% beneath its all-time high. 

News of the milestone and regular terms summation has energized the Shiba Inu assemblage since the authoritative Shiba Inu Twitter relationship tweeted a shoutout precocious connected Nov. 25.

— Shib (@Shibtoken) November 25, 2021

Since the task reached this milestone, the terms has jumped up 11.4% implicit the past 24 hours, with SHIB present trading astatine $0.00004237 according to Coingecko. There are 1,002,021 SHIB holders according to information from Etherscan.

Despite the caller terms increase, SHIB is inactive trading good beneath its Oct. 28 highest of $0.00008190, perchance owed to SHIB whales taking profits.

There’s plentifulness going connected successful the Shib Inu world. Bitfinex Derivatives listed SHIB with Tether (USDT)-paired perpetual contracts for trading connected Nov. 23.

And South Korean speech Korbit has been accepting deposits and SHIB was scheduled to commencement trading astatine 3AM UTC. This makes Korbit the archetypal Korean speech to database Shiba Inu.

Dogecoin (DOGE) is presently the lone different memecoin disposable to commercialized connected the 4 large exchanges that inactive run legally successful South Korea: Upbit, Bithumb, Coinone, and Korbit.

Korbit has the accidental to database caller tokens paired with the Korean Won (KRW) arsenic it was 1 of the fewer exchanges successful Korea to come into afloat compliance by Sept. 24 with caller rules designed to combat wealth laundering.

Related: Shiba Inu slump continues: Data shows retail involvement waning arsenic SHIB down 60% successful 4 weeks

DOGE is South Korea’s fifth-most traded crypto by commercialized volume. DOGE has been precise fashionable successful Korea since 2017 erstwhile the state was gripped by ICO fever and cryptocurrencies traded astatine a premium compared to planetary prices — known arsenic the “Kim Chi Premium.” It remains to beryllium seen whether the summation of much memecoins specified arsenic Shiba Inu could pb to different speculative frenzy.

SHIB is 1 of the astir fashionable memecoins connected the marketplace today, down lone DOGE. Both are among the apical 15 cryptocurrencies by marketplace cap. Inspired by DOGE, SHIB itself has galore copycat coins crossed respective chains. In total, determination are implicit 19 cryptos with ‘Shiba’ successful their names.

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