- SHIB’s active promotion on Shibarium seeks to attract investors interested in the rise of meme currencies.
- Recent listing of SHIB on Bitcoin.com.au expands its accessibility, consolidating its growth in the Australian market.
Shiba Inu (SHIB) has experienced growth in its long-term investor base, reflecting the confidence of its community despite periods of stagnation in its market value. As of June 2023, the number of addresses owning at least $10 million in SHIB increased from 57 to 209, according to IntoTheBlock data.
This increase is also seen in addresses with at least $1 million in SHIB, rising to 1319. These figures are evidence of sustained support for the token by its holders, even in uncertain times.
Related: SHIB Metaverse Progress: Key announcement from Shiba Inu team member
The implementation of strategies such as the token burning program and improvements to Shibarium, Shiba Inu’s layer 2 network, are clear examples of how the team behind SHIB is working to further its value and utility. The SHIB Burns initiative, for example, has proven effective in positively influencing the price of the token by reducing its circulating supply.
You can also read: Shiba Inu Collaboration with Zama: Developer Shares Exclusive Information
At the marketing level, the strategy adopted by the Shiba Inu team seeks to attract new users to the ecosystem.
🚀🐕 #ShibaInu takes Europe by storm! Rising to the 2nd most searched crypto, SHIB eclipses giants like Ethereum & Dogecoin. With a staggering 300% rally in just 8 days, it's a deja vu of 2021's peak! Not just Europe, the Shiba craze is global 🌍, topping search charts from Italy… pic.twitter.com/ODg0g8SPQn
— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) March 26, 2024
Active promotion on Shibarium aims to capture the attention of those interested in the memecoin phenomenon, evidenced by the growth in the number of active users on WoofSwap, a decentralized exchange platform on Shibarium.
Recently, SHIB was listed on Bitcoin.com.au, a leading Australian exchange, marking a significant expansion in its accessibility and recognition in the market. This listing not only strengthens SHIB’s position but also signals its growing acceptance among Australian investors, a market that previously showed a strong affinity for the token.
