SHIB named the most popular token for crypto beginners

❗ Not financial advice! The NoWorries editorial team urges readers to invest in cryptocurrencies wisely and to be cautious about investing in meme coins.

As of January 2023, the global value of the cryptocurrency market has grown from $ 800 billion to over $ 1 trillion. New users are increasingly joining the digital asset sector. Thus, a recent report by the analytical company Nansen says that Shiba Inu SHIB $0.00001892 Shiba Inu -0.16% Market capitalization $11.15 billion VOL. 24 hours $0.1 billion has become the most popular meme coin for investment among crypto newbies. Analysts have recorded more than $ 56 million in SHIB tokens on about 12,000 new crypto wallets.

According to CoinMarketCap, there are currently more than 549 trillion SHIB tokens in circulation, with a total market capitalization of $ 7.1 billion. Shiba Inu has also become the only ERC-20 cryptocurrency token that appears most often in transactions on the Ethereum main chain.

Now, crypto enthusiasts and supporters of SHIB are waiting for the launch of the announced Shibarium level 2 blockchain solution on the Ethereum network. Its goal is to lay the foundation for the creation of the Shiba Inu ecosystem and increase the speed of transactions.

At the end of last fall, SHIB holders were able to pay for airline tickets with tokens and purchase subscriptions to streaming services. And after the launch of the cryptocurrency game Shiba Eternity, the number of addresses with at least one Shiba Inu token reached a new historical high of 2,193,520. Up to this point, never in the history of this cryptocurrency have so many people owned it at the same time.