Shiba Inu, known as the OG meme coin, is currently experiencing slow price fluctuations. The token has dropped to $0.00001767 and is expected to rise by 1% in the past 24 hours. The OG meme coin has long been credited with creating most of the crypto millionaires. The price surge of SHIB in 2021 has been described as historic, bringing a new wave of change and transformation to investors’ wealth and fortunes.
The slow price movement and uptick of the token have had a significant impact on the SHIB millionaire indicator. The number of SHIB millionaires or investors holding between 1 million to 10 million dollars worth of SHIB has also decreased significantly. According to data revealed by Into the Block, the number of addresses holding less than 1 million dollars worth of SHIB is currently stable at 986.
Of the 986 addresses, nearly 909 addresses currently hold between 1 million to 10 million dollars worth of SHIB in their accounts. The remaining 77 addresses are investors whose accounts hold over 10 million dollars worth of SHIB tokens.
With Shiba Inu hitting new lows in June, the number of wallets holding 1 million SHIB has sharply decreased. Earlier data published by the portal showed there were 1319 millionaires, meaning that nearly 333 wallets have lost their millionaire status in the current decline of SHIB.
Why is this still positive?
The SHIB ecosystem is known for its diverse products and efforts to drive growth. Shiba Inu will soon launch the blockchain version of its game “Shiba Eternity.” This launch could play a crucial role in helping SHIB recover from its decline sooner than expected.
Meanwhile, the token’s layer 2 solution Shibarium has also attracted strong on-chain activity. The trading volume of this chain store has skyrocketed by 388%. This development indicates that despite the decrease in numbers and indicators, interest and quantity of the token are still increasing.
According to CoinCodex, Shiba Inu is expected to regain some favor by July 2, soaring nearly 60% in the process.
The future 30-day price prediction for Shiba Inu is based on positive/negative trend forecasts. Based on these Shiba Inu predictions, SHIB is expected to change hands at $0.00002949 by July 2, 2024, a 65.73% increase.
Meanwhile, the Shiba Inu ecosystem is also gearing up to launch a plethora of new products. This includes the launch of ShibaHub, Shibaswap, and the third-layer testnet, as crucial new products to attract users into the field.