Shiba Inu (SHIB) rises 20% after reaching historic milestone of one million investors

The price of the Shiba Inu meme cryptocurrency (SHIB) soared on Thursday (25) to US$ 0.000044, recording a 20% increase in the last 24 hours.

The price increase comes amid a record-breaking one million investors in SHIB, announced by official account from Shiba Inu on Twitter.

“It’s an impressive and proud landmark for the Shib Army! SHIB has reached one million investors. Today we celebrate and celebrate this great moment in SHIB history”, he tweeted.

In addition to the milestone of one million investors, November has been a busy month for SHIB cryptocurrency.

Shiba Inu makes headlines (again)

In recent weeks, shiba inu has made headlines.

One example was on November 15, when brokerage Gemini announced that it would add the opposing cryptocurrency dogecoin (DOGE).

SHIB came to Gemini along with other major cryptocurrencies, including stablecoin USDC, the AUDIO token from the Audius music streaming platform, and the RARE token from the NFTs SuperRare platform.

In the month after listing on Gemini, SHIB grew dramatically, hitting a record high of $0.00008616 on October 28th.

Additionally, SHIB surpassed the market capitalization of DOGE (the famous cryptocurrency meme) twice, between October and this month.

Before appearing on Gemini, SHIB was listed on Coinbase in September.

Recently, meme cryptocurrencies have attracted the attention of regulators in the UK as announcements by other meme cryptocurrencies such as Floki Inu (FLOKI) have received much criticism for carrying out “irresponsible” advertisements on public transport.

*Translated and edited by Daniela Pereira do Nascimento with permission from Decrypt.co.

About Yadunandan Singh

Born in 1992, Yadunandan approaches the world of video games thanks to two sacred monsters like Diablo and above all Sonic, strictly in the Sega Saturn version. Ranging between consoles and PCs, he is particularly fond of platform titles and RPGs, not disdaining all other genres and moving in the constant search for the perfect balance between narration and interactivity.

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