Shiba Inu

Despite the price of Shiba Inu (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>) gaining 34% since the year’s turn, it has suffered a decline in the number of its holders in recent weeks. However, its lead developer’s Twitter profile update suggests a renewal of interest could be in store as the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency community</a> awaits its Layer 2 <a href="https://finbold.com/topic/blockchain/" rel="noopener noreferrer nofollow">blockchain</a> solution.Indeed, on April 1, the <a href="https://coinmarketcap.com/currencies/shiba-inu/holders/" rel="noopener noreferrer nofollow">number</a> of <a href="https://finbold.com/guide/crypto-wallets/" rel="noopener noreferrer nofollow">cryptocurrency wallets</a> holding <a href="https://finbold.com/topic/shiba-inu/" rel="noopener noreferrer nofollow">Shiba Inu</a> stood at 1,279,122, compared to 1,330,473 just days earlier – on March 27. In other words, the dog meme <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> had lost over 50,000 holders in mere five days. However, it has slightly recovered since, gaining 7,160 addresses by April 9, as per data retrieved from CoinMarketCap on April 10.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/976446aa68944d99ac5bcba6a86a321f.png" />Total Shiba Inu addresses in last 3 months. Source: <a href="https://coinmarketcap.com/currencies/shiba-inu/holders/" rel="noopener noreferrer nofollow">CoinMarketCap</a><h2 id="header-0">Shibarium effect</h2>As a reminder, the <a href="https://finbold.com/guide/how-to-buy-shiba-inu-coin-shib/" rel="noopener noreferrer nofollow">Shiba Inu coin</a> surpassed <a href="https://finbold.com/shib-crosses-1-3-million-unique-addresses-as-shibarium-upgrade-nears/" rel="noopener noreferrer nofollow">1.3 million addresses</a> in February, as <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto traders</a> and <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> started to accumulate it in anticipation of Shibarium. At the time, its primary <a href="https://finbold.com/guide/blockchain-developer/" rel="noopener noreferrer nofollow">developer</a>, Shytoshi Kusama, stated that the project was ready to be launched. On March 24, the team <a href="https://twitter.com/RingoshiToitsu/status/1639320164981256192" rel="noopener noreferrer nofollow">released</a> public documentation for the Shibarium beta.Meanwhile, Kusama has updated his <a href="https://twitter.com/ShytoshiKusama" rel="noopener noreferrer nofollow">profile</a> location to “in the Lab,” as <a href="https://twitter.com/Shibaunitedus/status/1644854359061299200" rel="noopener noreferrer nofollow">shared</a> by the Shiba Inu community’s Twitter profile SHIBARMY, suggesting that this could have something to do with the intensification of his work on the Shibarium project, which could help SHIB bring back its holders.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/68abba8a5b7e4bb49f58cbef75cf0401.PNG" />Shibaunitedus&#39;s Tweet. Source: <a href="https://twitter.com/Shibaunitedus/status/1644854359061299200" rel="noopener noreferrer nofollow">Twitter.com</a><h2 id="header-1">Shiba Inu price analysis</h2>As things stand, SHIB is currently changing hands at the price of $0.00001088, down 0.05% on the day but still recording gains of 0.47% across the previous week and 5.69% in the last 30 days, according to the latest data retrieved on April 10.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/81b76ac7080f4029b4ef173d48d8f835.png" />Shiba Inu 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">Finbold</a>Notably, the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> community members at <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a> have set the price of Shiba Inu at $0.00001131 by the end of April, indicating optimism as the predicted price represents an increase of over 3% to its current price, as Finbold <a href="https://finbold.com/crypto-community-with-87-historical-accuracy-sets-shib-price-for-april-30-2023/" rel="noopener noreferrer nofollow">reported</a>.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Shiba Inu developer’s Twitter update boosts morale as SHIB wipes 50k holders in a week

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