Shiba

Shiba Inu

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Dog-themed cryptocurrency<a href="https://u.today/shiba-inu-nears-gigantic-627-trillion-shib-barrier-details" rel="noopener noreferrer nofollow"> Shiba Inu (SHIB)</a> has set a completely brand new record, this time in its total number of addresses, which now stands at 3.67 million, per <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a> data.
Total addresses refer to those that were ever created and, at one point, held a particular crypto asset, including those that still do. This is significant in the long term since it may indicate an increasing holding base.
The number of total addresses with a balance has also maintained steady growth, reaching 1.26 million. While the total number of addresses with a balance does not exactly correspond to the number of holders, it provides a useful approximation of the number of people who have a crypto asset.
Similarly, in the long term, the total number of addresses with a balance indicates interest in holding and investing in a specific crypto asset.
According to IntoTheBlock data, Shiba Inu has reached new highs in its hodlers', or long-term holders', count. The proportion of this category of Shiba Inu holders is now 74%, the highest since its inception. The percentages of midterm and short-term holders are 24% and 2%, respectively.
<h2 id="shib-and-market-price-action">SHIB and market price action</h2>
At the time of writing, <a href="https://u.today/shiba-inu-whales-action-sees-124-spike-as-shib-price-jumps" rel="noopener noreferrer nofollow">SHIB</a> was marginally up 0.11% in the last 24 hours to $0.000008349.
This remains significant as major cryptocurrencies, especially those in the top 100, are seeing losses in the range of 5% to 13%. Global crypto market capitalization is down 2.10% in the last 24 hours, mirroring the entire crypto market's losses.
According to on-chain analytics firm <a href="https://twitter.com/santimentfeed/status/1729042453192384983" rel="noopener noreferrer nofollow">Santiment</a>, fear appears to be creeping onto the crypto market. Santiment highlights a positive: if FUD becomes prominent, bulls may buy the dip.
"Fear sentiment is creeping in after two-thirds of the top 100 altcoins have retraced over the past week. Particularly in the past hours, several have lost a large chunk of their November profits. If FUD becomes prominent, buy-the-dip opportunities should be worth exploring," Santiment stated.

Shiba Inu (SHIB) Breaks New Record, Here's Why It Matters

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