Shiba Inu is a meme-inspired cryptocurrency that has recently seen a rise in popularity amongst the crypto community. The number of SHIB holders has now reached 1.28 million, indicating a growing interest in the coin. Investors are attracted to SHIB due to its low value, which allows them to invest small amounts of money and potentially gain significantly from an increase in the coin’s value. The top 100 SHIB holders control a substantial 80%, with the top 10 of them owning 61.36%. Furthermore, the 24-hour trading volume for SHIB has decreased by 40.28%, although the price has risen 1.04% within the same timeframe.

The positive trend in SHIB’s market is supported by the bullish sentiment seen in the Moving Average Convergence Divergence (MACD) line, which is currently above its signal line. Additionally, positive histograms and Relative Strength Index (RSI) readings are also encouraging signs for traders and investors. The RSI line is above its Simple Moving Average (SMA) and approaching neutrality. These factors make Shiba Inu a highly attractive investment option for those looking to make gains from cryptocurrency.



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