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In 2022, over 100,000 more Shiba Inu owners will exist despite market shifts

In_2022,_over_100,000_more_Shiba_Inu_owners_will_exist_despite_market

Shiba Inu (SHIB), a cryptocurrency based on a popular internet meme, had a volatile 2022. Its value went up and down as the cryptocurrency industry as a whole went through a market correction. Even though the market is slow, SHIB has been able to get more investors as the team working on the asset works to make it more useful.

In 2022, Shiba Inus will own at least 109,033 new homes. Finbold used the Internet Archive’s Wayback Machine to figure out that as of January 3, 2019, there were 1,114,483 SHIB holders. This is an increase of about 9% from October 13, 2018, when CoinMarketCap reported that there were 1,223,516 SHIB holders.

But it’s important to remember that the number of people who own SHIBs has changed over the course of the year. This is usually because the prices of the underlying assets have changed.

The number of people who own SHIBs goes up, but interest rates go down.
Even though people seemed less interested in meme coins after their big year in 2021, SHIB was still able to get new investors. Google Trends showed that the token’s popularity was going down. In July of this year, data showed that searches around the world for the keyword “Shiba Inu” were at their lowest level in almost a year.

The SHIB team, on the other hand, has started a number of projects to make the asset more valuable, and this work will go on.

The DeFi asset keeps track of things like a higher burn rate, which is a way to reduce the number of tokens in circulation and, hopefully, raise their value. Nearly 410 trillion tokens have been thrown away.

But by using the NFTs market, the platform has also moved into the gaming industry. The SHIBOSHIS project is a group of Shiba Inu NFTs that aim to give their holders a hand in everything from minting and trading NFTs to buying digital land and playing games in virtual reality. People are becoming more interested in the idea.

Also, investors seem to be moving away from well-known digital currencies like Bitcoin (BTC) and toward SHIB, a meme currency that has emerged among the cheaper assets. For example, recent statistics show that Indian investors are buying more SHIBs because they think the asset will bring 2021 back to life.

Price Analysis of the SHIB
Even though the asset is still subject to the same general crypto market volatility that has been a problem for a while, investors are becoming more interested in it. At the time of this writing, you could buy one token for $0.000001043, which is an increase of almost 11% in just 24 hours.

The crypto community on CoinMarket is optimistic, predicting that the price of the asset will reach $0.000013 by the end of October 2022. The current gain is in line with what they expected to happen.

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