Shiba Inu holders rose to 1.35 million from 1.29 million in October 2023.
The meme coin is expected to end 2024 at $0.00004800.
The RSI indicator hints that SHIB might test the $0.00002 price level soon.
Shiba Inu (SHIB), the second-largest meme coin, has risen by more than 3% in the past 24 hours, while activity and adoption of the blockchain ecosystem continue to rise despite a bearish crypto market.
It is important to note that in October, Shiba Inu reached a three-month high of $0.00001865 but has fallen significantly since then. As of this writing, it is trading at $0.00001671, down 81.14% from its all-time high of $0.00008845.
Despite the price drop from its three-month high, investors seem bullish on SHIB. Data from IntoTheBlock indicates that the number of addresses holding the meme coin for over a year grew by 10,000, from 1.06 million at the start of September to 1.07 million today.
Moreover, the total number of holders of the meme cryptocurrency has increased from 1.29 million in October 2023 to 1.35 million this October. Meanwhile, the number of addresses holding between 10 million and 1 billion SHIB has jumped to 379,380. It appears that i…
The post Shiba Inu Defies Bear Market With 3% Price Surge appeared first on Coin Edition.
