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    Shiba Inu Adds Nearly 36,000 Holders Since June Despite Crypto Market Turmoil

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    Shiba Inu Adds Nearly 36,000 Holders Since June Despite Crypto Market Turmoil

    crypto basset hound

    The price trend of Shiba Inu has been following the rest of the cryptocurrency market and remains negative. Notably, SHIB is still seeking to reclaim the high points it reached last year, when the value and popularity of the meme coin surged. As of this writing, SHIB is trading at $0.00001145, down 4.5% in the last seven days, data from Coingecko show, Sunday. Despite the crypto market’s sluggish condition, a portion of the dog-themed coin’s investors are optimistic that the asset will recover and are boosting their coin purchases while ignoring the market’s weakness. According to data from CoinMarketCap, as of September 24, SHIB has 1,226,031 holding addresses, representing an increase of around 35,835 new holdings over the course of three months. The new holders represent a 3% increase from the 1,190,195 who were registered on June 26. Related Reading: Dogecoin (DOGE) Is On Top Of Whales’ Menu – Here’s Why Shiba Inu: Increasing Use Case In addition to the prospect that new SHIB holders may wager on the coin’s appreciation, investors are likely drawn by SHIB’s rising utility. It is worth mentioning that interest in meme-based cryptocurrencies waned as a result of unfavorable publicity around the coins’ supposed lack of utility. Since June, Shiba Inu’s value has been on a roller-coaster ride, but the price has mostly remained low. The coin’s three-month high price was $0.000017 on August 15, and as of the time of writing, it had gained about 5% in the last 24 hours. Previously, the majority of retail investors liquidated around the price and then sought entry points as the memetoken approached $0.00001. Due to the massive concentration of tokens in the hands of small and medium-sized whales, Shiba Inu faces a significant increase in selling pressure whenever it succeeds to breach past local resistance barriers. Holding On To The Meme Coin Meanwhile, around 30% of SHIB investors have held the asset for more than a year, according to statistics from Into The Block. Despite the ongoing bear market, investors have generally abstained from disposing of their coins. These holders are fostering a bullish mood among investors while aiming to eliminate SHIB as a quick-profit asset. As of the time of writing, the trading volume of Shiba Inu is still declining, hence the token’s volatility remains high. The decline in trade volume is unfavorable for a coin that heavily depends on speculative appeal. As the number of SHIB holders increases, it appears that interest in the coin is waning. Google Trends data indicates that global searches for the keyword “Shiba Inu” decreased to their lowest level in the past 12 months, suggesting that SHIB could be losing its most avid fans. Related Reading: Can WAVES Flow Back From Its Low Ebb And Reclaim $4.6? SHIB total market cap at $6.27 billion on the daily chart | Source: TradingView.com Featured image from Daily Pets Care, chart from TradingView.com

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    How To Get A Job In Bitcoin & Crypto

    Bitcoin

    How To Get A Job In Bitcoin & Crypto

    Sign up here: https://www.thecryptoacademy.io/ Pomp writes a daily letter to over 200,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/ View open jobs in crypto: https://pompcryptojobs.com/
    Enroll in my crypto academy: https://www.pompscryptocourse.com/ Follow Pomp on social media:
    Twitter: https://twitter.com/APompliano
    Instagram: https://www.instagram.com/pompglobal/
    LinkedIn: https://www.linkedin.com/in/anthonypompliano/
    Website: https://anthonypompliano.com/ #AnthonyPompliano #Pomp #Bitcoin #Finance #Business #Crypto

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    FTT and Solana are DEAD To Me (Pivotal Crypto Mindset for Gains)

    ADA

    FTT and Solana are DEAD To Me (Pivotal Crypto Mindset for Gains)

    Ben is back and with a vengeance! In this week’s portfolio video, Ben gives an updates you on his $1K, $5K, $10K, and $25K portfolios, and makes a huge change to his $25K portfolio… FTT and Solana are OUT?! Stay until the end to learn why Ben is ditching those coins, and also to learn what coins he’ll replace them with! 0:00 Intro
    0:22 Portfolio Update
    1:22 FTT and Solana
    2:10 D.Y.O.R.
    3:03 How To Decide What To Invest In
    4:46 Ranking FTT
    6:00 FTT’s Flawed Philosophy
    8:52 New $25K Portfolio NEW to crypto or NEW to the channel, join the BitSquad: 📚 Grab My Book ➡️ https://bitboycrypto.com/book/
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    Join Me on Twitter ➡️ https://twitter.com/Bitboy_Crypto
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    🔥 A DAY IN MY LIFE!!!! CRYPTO ENTREPRENEUR IN DUBAI!!!!!!!

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    🔥 A DAY IN MY LIFE!!!! CRYPTO ENTREPRENEUR IN DUBAI!!!!!!!

    FULL VLOG HERE IN 1080P: https://youtu.be/oukbbuyM7U4 Up to $4,550 BONUS + 0% Maker Fees on Bybit: http://bit.ly/MoonBybit Get the BONUS if you sign up with the link above!
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    Crypto Price Analysis September-23: Ethereum, Ripple, Cardano, Solana, and Binance Coin

    2020

    Crypto Price Analysis September-23: Ethereum, Ripple, Cardano, Solana, and Binance Coin

    This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Despite the bullish fundamentals of Ethereum’s merge, the price of the second largest cryptocurrency has continued its downtrend and registered a 10% loss in the past seven days. At the time of this post, ETH managed to find […]

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    Fall Of Crypto King, A Canadian Driven-Lambo Records $35M Losses

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    Fall Of Crypto King, A Canadian Driven-Lambo Records $35M Losses

    crypto basset hound

    A self-acclaimed Crypto King has witnessed piles of demands from 140 of his investment clients. The 23-year-old tycoon runs a personal company known as AP Private Equity Limited. His investors want a part of his firm’s total of $35 million. The CBC report stated that the creditors claimed they gave their funds to Aiden Pleterski. The aim was for investment in cryptocurrency and foreign exchange on their behalf. Hence, they must uncover where the Crypto King has laid all their money. Related Reading: Polygon (MATIC) Downward Trajectory Faces Resistance At $0.94 Level Investigation Counsel PC has made a series of complaints regarding Pleterski. These include a bankruptcy trustee’s report, court filings, creditors meeting minutes, and other complaints. Investigation Uncovers Luxury Lifestyle Of Pleterski The investigation revealed that Pleterski has 11 vehicles and leased four luxury cars. Also, he resides in an expensive lakefront mansion rented for $45,000 per month. In addition, he frequently uses private jets to fly around without stress. The founder of Investigation Counsel PC, and the fraud recovery law company, Norman Groot, reacted to their discovery. He noted that Pleterski’s extravagant lifestyle does not provide the exact cumulative amount of missing money. Groot mentioned that the investors had warning signs of massive yields that could have cautioned them. He highlighted that the 5% weekly interest doesn’t exist in an open market. Also, a 23-year-old will not turn into the next Bill Gates. So, it is best to communicate with a conservative person while getting another opinion. Presently, some assets worth about $2 million has been confiscated from Pleterski. These include a Lamborghini, two BMWs, and two McLarens. The bank accounts and assets of Pleterski were frozen due to an initial lawsuit raised against him. The present bankruptcy proceedings have superseded the freeze. It serves as a suitable option for the investors for the recovery process. This is because bankruptcy proceedings are superior when it comes to civil claims. One of the creditors, Diane Moore, commented on her $60,000 investment contract. She stated that it would yield up to 10% – 20% fortnightly. Also, she was to receive a considerable share of a 70-30 split on all capital gains. She said the entire investment depends on trust and claimed to be about $50,000 pocket out. Pleterski Disputes Crypto Investment Claims Micheal Simaan, the lawyer for Pleterski, disputed the accusation against his client. Simaan stated that his client has fully cooperated with the bankruptcy proceedings. The lawyer reported that Pleterski’s into crypto began from his teenage age. By making massive success through the bull markets, many investors became interested and offered their money for investment to get rich. Related Reading: Aave (AAVE) Attracting Whales Over Past Few Months – Will It Spur Price Rally? On his part, Pleterski stated that the problem with his investment firm is bad trades and margin calls. The effect became intense due to the prevailing crypto winter and the price crash in the market. He reported that he lost all the money from his investors from late 2021 to the beginning of 2022. Featured image from Pixabay, Chart: TradingView.com

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