SHIBinu
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Shiba Inu (SHIB) continues to capture the attention of investors as its supply on cryptocurrency exchanges experiences a decline. According to Santiment, as of December 12, SHIB's exchange supply has reduced to 7.58%, down from 9% in June. This decrease is perceived as a positive signal for the memecoin's value, as it alleviates immediate selling pressure.
In conjunction with this favorable development, Shiba Inu's layer-2 solution, Shibarium, has achieved a milestone of nearly 100 million transactions and over 2 million total blocks. Shibarium's goal is to position Shiba Inu as a frontrunner in the memecoin arena by enhancing transaction speed and reducing fees.
Adding to the optimism, the social media analytics tool LunarCrush has acknowledged Shiba Inu for possessing the most dedicated community among memecoins, surpassing the likes of Dogecoin and Bonk Inu. This recognition further solidifies Shiba Inu's standing in the memecoin space.
#SHIBinu
In conjunction with this favorable development, Shiba Inu's layer-2 solution, Shibarium, has achieved a milestone of nearly 100 million transactions and over 2 million total blocks. Shibarium's goal is to position Shiba Inu as a frontrunner in the memecoin arena by enhancing transaction speed and reducing fees.
Adding to the optimism, the social media analytics tool LunarCrush has acknowledged Shiba Inu for possessing the most dedicated community among memecoins, surpassing the likes of Dogecoin and Bonk Inu. This recognition further solidifies Shiba Inu's standing in the memecoin space.
#SHIBinu
Japanese famous crypto exchange platform Coincheck Listing SHIB and its Potential Impact:
Latest News about Coincheck Listing SHIB and its Potential Impact:Announcement: Coincheck, a major Japanese cryptocurrency exchange, announced on December 14, 2023, that it would begin trading Shiba Inu (SHIB) on its platform. This was a significant event for SHIB, as it gained access to a new and sizable market of potential investors.Potential Impact:Increased Access and Liquidity: The listing on Coincheck is expected to increase access to SHIB for Japanese investors, potentially boosting its liquidity and trading volume.Positive Sentiment: Coincheck's announcement highlighted SHIB's growth and expanding use cases, which could further fuel positive sentiment around the token.NFT Integration: SHIB will also be integrated as a payment currency on Coincheck's NFT marketplace, potentially opening up new avenues for its adoption.However, it's important to note:Market Volatility: Cryptocurrency markets are inherently volatile, and SHIB's price could fluctuate significantly even with the Coincheck listing.Regulation: Crypto regulations in Japan are still evolving, and any changes could impact SHIB's adoption and trading.Competition: Other meme coins and DeFi projects compete for investor attention, and SHIB will need to maintain its value proposition to thrive.Here are some links to recent news articles about Coincheck's listing of SHIB:Coincheck Bolsters Its Crypto Portfolio with Shiba Inu (SHIB) Listing: https://coinpaper.com/news/cryptoShiba Inu Gets Listed On Major Japanese Crypto Exchange: https://www.binance.com/en/price/shiba-inuMajor Japanese Exchange Adds Support for SHIB, BTC Predicted: https://www.binance.com/en/price/shiba-inuI recommend staying informed about the latest developments surrounding SHIB and the broader crypto market before making any investment decisions #SHIBinu
