Wednesday, November 10, 2021 12:24:56 PM
Nice sideways movements again today.
Keep HODL of your $SHIB. We will make the 1 Cent Dream together.
The SHIB ARMY community is so damn powerful. We continue to set records for social media engagement in the crypto space.
Y’all are some amazing people.
Together we will ride $SHIB to the moon…
Exchanges need $SHIB more than $SHIB needs them.
New Record: $SHIB reaches an astonishing 935,000+ holders.
Crypto's with the most Twitter tags.
1. $LRC (price has been flying)
2. $SHIB (a lot of buzz)
3. $AMC (accepting SHIB)
What #ERC20 token dips are whales buying today?
$SHIB
$ETH
$USDC
$OMG
$AXS
$TUSD
$BOSON
$CRV
$SUSHI
$MKR
whalestats.com
https://twitter.com/whalestats/status/1458253309794340864?s=21
Current Holder Count: 938,433 ( +0.301%)
The top 1K ETH wallets is holding 7,747,395,616,768 $SHIB ($383,407,577.7265625 USD)
What does it mean for Shiba?
The increasing number of token holders is an adoption indicator that can be used to track the overall volatility and expected behavior of an asset on the market.
Assets with a low number of holders are usually more volatile and tend to make large swings quite often. When coins receive more support from the community and attract investors, they tend to become more stable on the market in both bullish and bearish periods.
Amazon: Jeff Bezos Support Shiba Inu Cryptocurrency - Sign the Petition!
https://www.change.org/p/amazon-jeff-bezos-support-shiba-inu-cryptocurrency
Why Did CoinMarketCap Change the Shiba Inu Supply?
November 9, 2021
Source: fxleaders.com
In a new podcast, CoinMarketCap explained why they changed the supply of the Shiba Inu coins by 150 trillion. This explanation came after SHIB holders accused CoinMarketCap of inaccuracy and manipulation.
In the latest episode of the CoinMarketRecap podcast, the coin tracker explained why the circulating supply of Shiba Inu coins changed to 594 trillion from 394 trillion. This move left quite a number of Shiba Inu holders very confused.
CoinMarketCap Change in the Circulation Supply of SHIB Explanation
In the podcast the host, Connor Sephton, shared that the platform had received feedback from users that the SHIB supply was static. According to Sephton, this feedback “prompted an internal audit to refresh the data on the backend.”
The host also mentioned that during the internal audit, CoinMarketCap ensured that the “circulating SHIB coin supply is in line with that of several other sources.” The Shiba Inu coins on CoinMarketCap dynamically make their updates.
The crypto tracker, however, did not explicitly mention the several sources. One of the sources in reference may be another crypto price tracker, CoinGecko, which has a similar supply.
Although CoinMarketCap stated that the supply currently dynamically updates, the number of Shiba Inu tokens hasn’t moved from 549,095,509,738,353 since October 28. This number of SHIB tokens does not reflect the large-scale token nurns that have happened.
When asked about why the tracker has not made any public statements regarding the change in the number of SHIB tokens, CoinMarketCap said that the change was communicated “directly on the website.” This is as with any other coin.
It is still unclear which website CoinMarketCap was referencing in the statement above.
The tracker was also asked whether it should have a clear disclosure of how it calculates the supply of tokens. CoinMarketCap answered that it adheres to the usual standards of practice. It also claimed that their “two supply update” methodology has been in the public domain for a while.
How CoinMarketCap Obtains Readings?
“CoinMarketCap’s methodology is available on the website, where it lists various factors used to verify the circulating supply of cryptocurrencies. CoinGecko, however, breaks down its methodology specific to SHIB.” The tracker said in the podcast interview. However, Shiba inu spokesperson added that they were unaware of their actual supply and had not been asked.
Is There a Possibility of Erroneous Readings?
Regarding the earlier error where the system was constant, Sephton asked CoinMarketCap whether the listed supply might have been wrong or required fixing. It said:
“The circulating supply of 550 trillion is correct, based on its methodology, and matches the calculations made by other data sources as well.”
Shiba Inu blames CoinMarketCap for publicizing erroneous circulations about their earnings. CoinMarketCap has countered the claims by stating that their readings were accurate. The extensive merging observed came from an error when the system remained constant; which they resolved to read data and update their findings.
https://watcher.guru/news/why-did-coinmarketcap-change-the-shiba-inu-supply
“$SHIB is available on Wealth Simple! This is Canada’s number one FREE trade platform!”
$SHIB has been available on Canada’s version of Robinhood for a few days now.
It’s called WealthSimple and the $SHIB trading volume has been huge so far.
Twitter ad that just appeared in my feed from BINANCE - $SHIB appears first in their trending catalogue
Twitter ad that just appeared in my feed from @binance 👀 - $shib appears first in their trending catalogue 👏🏾 💥 🚀 pic.twitter.com/Do6AEFibxt
— Shibarium Is Inevitable (@ShibaAustralia) November 9, 2021
Facebook ad that just appeared in my feed from WEBULL - $SHIB appears first in their trending catalogue
https://www.facebook.com/WebullGlobal/videos/556812492045350/
https://www.facebook.com/WebullGlobal/videos/1093392434735535/
Let's Go $SHIB
Recent SHIBUSD News
- BlockDAG Achieves $23.6M, Adding New Payment Methods, Surpassing Shiba, Dogecoin With Forecasts For 30,000x ROI • ZyCrypto • 05/07/2024 07:18:47 PM
- Here’s How This Ethereum Whale Made $16 Million From A Single Trade • NEWSBTC • 05/07/2024 03:00:32 PM
- Why Is The Bitcoin Price Falling Today? • NEWSBTC • 05/07/2024 12:00:33 PM
- Shiba Inu’s layer 3 blockchain set to power up blockchain real-world utility: Cypher Capital Chairman • Crypto Briefing • 05/07/2024 04:06:24 AM
- Shiba Inu Price Prediction: Crypto Analyst Says Massive Surge Is Coming, Here’s The Target • NEWSBTC • 05/06/2024 09:00:49 PM
- Crypto Whale Spends $10.4 Million On PEPE, Do They Know Something You Don’t? • NEWSBTC • 05/06/2024 05:30:48 PM
- BlockDAG Adds 10 New Payment Methods After Viral Presale Touches $23M While Shiba & Avalanche Price Struggle • ZyCrypto • 05/06/2024 04:46:39 PM
- Mysterious Whale Bets Big on Shiba Inu With Nearly 2 Trillion Buy As Holders Envision $0.001 SHIB Price • ZyCrypto • 05/06/2024 02:36:21 PM
- Shiba Inu’s Shibarium Supercharges with Transformative Hard Fork • ZyCrypto • 05/06/2024 01:50:17 PM
- XRP, Solana, Cardano, Shiba Inu Braced For $4 Trillion Altcoin Market Earthquake • ZyCrypto • 05/05/2024 09:02:21 PM
- SEC Chief Gary Gensler Misled Congress On Ethereum, Says Crypto-Friendly Rep. Patrick McHenry • ZyCrypto • 05/05/2024 08:47:00 PM
- Crypto Expert Arthur Hayes Says Bitcoin Has Found Its Local Bottom – But Can It Hold This Level? • NEWSBTC • 05/04/2024 04:00:06 PM
- PEPE Primed For A Big Leap: 80% Price Increase Incoming? • NEWSBTC • 05/04/2024 02:00:37 PM
- Shiba Inu In Danger Zone: 15% Price Crash Incoming? • NEWSBTC • 05/04/2024 09:00:02 AM
- Bitcoin Back Above $63,000: Will FOMO Fuel Another Rally Or Lead To A Bust? • NEWSBTC • 05/04/2024 06:25:00 AM
- Shiba Inu Stands Strong: Over 650K Wallet Addresses Still Profitable Amid Recent Price Drop • NEWSBTC • 05/04/2024 02:00:50 AM
- Memecoins Resurgence? POPCAT And MEW Lead The Way With 20% Surge • NEWSBTC • 05/04/2024 01:00:29 AM
- Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork • The Daily Hodl • 05/03/2024 10:01:58 PM
- Dogecoin Mirroring Price Action That Preceded Massive Bull Runs in the Past, Says Trader – Here’s His Outlook • The Daily Hodl • 05/03/2024 09:15:59 AM
- Bitcoin Loses Historical Level, Analyst Says “Reclaim And Bounce, Or Die” • NEWSBTC • 05/03/2024 02:00:19 AM
- Bitcoin On Track For $1 Million Per BTC “Fair Value”, Analyst Says • NEWSBTC • 05/02/2024 05:00:44 PM
- Crypto Analyst Predicts 244% Shiba Inu Rally Based On Bull Flag • NEWSBTC • 05/02/2024 02:00:30 PM
- Whales Dive In, But Dogecoin Price Sinks 20%: What’s Going On? • NEWSBTC • 05/02/2024 01:13:27 PM
- Altcoins In Trouble As Seasoned Analyst Predicts 40% Drop In Prices • NEWSBTC • 05/01/2024 11:00:37 PM
FEATURED Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • BLOZF • May 7, 2024 8:51 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM