Shiba Inu, known as the OG meme token, is currently experiencing slow price fluctuations. The token has dropped to $0.00001767 and is expected to increase by 1% in the past 24 hours. The OG meme token has long been known as the cryptocurrency that has created most millionaires. The price increase of SHIB in 2021 has been called historic, bringing about a new wave of change and transformation in the wealth and fortunes of investors.
The slow pace and price increase of the token have had a significant impact on the SHIB millionaire index. The number of investors holding SHIB worth $1 million to $10 million has also decreased significantly. According to data disclosed by Into the Block, the number of addresses holding SHIB worth less than $1 million is currently stable at 986.
In detail, out of the 986 addresses, nearly 909 addresses currently hold SHIB worth $1 million to $10 million in their accounts. The remaining 77 addresses belong to investors whose accounts hold over $10 million worth of SHIB tokens.
With Shiba Inu hitting new lows in June, the number of wallets holding 1 million SHIB has drastically decreased. According to data released earlier by the website, the number of millionaires was 1,319, which means that nearly 333 wallets have lost their millionaire status in the current decline of SHIB.
But why is this still positive? The SHIB ecosystem is known for its diverse products and ongoing efforts to drive growth. Shiba Inu will soon launch the blockchain version of its game “Shiba Eternity.” This launch may play a crucial role in helping SHIB recover from its decline earlier than predicted.
Meanwhile, the token’s Layer 2 solution, Shibarium, has also attracted strong on-chain activity. The trading volume of this platform has surged by 388%. This development indicates that despite the decrease in numbers and metrics, the interest and quantity of the token are still increasing.
According to CoinCodex, Shiba Inu is expected to regain some of its popularity by July 2, with a surge of nearly 60% in the process.
“Price predictions for Shiba Inu in the next 30 days are based on positive/negative trends. Based on these Shiba Inu predictions, SHIB is expected to change hands at $0.00002949 on July 2, 2024, with a 65.73% increase.”
Meanwhile, the Shiba Inu ecosystem is also preparing to launch a plethora of new products. This includes the launch of ShibaHub, Shibaswap, and the third-layer test network, which are important new products to attract users to the field.
