Jerome

  Shiba Inu (SHIB) has taken the market by surprise as its battle against Dogecoin (DOGE) moved to the crypto top 10 by market cap. In a vicious exchange between the two meme cryptos, the Elon Musk favorite and its supports have been trying to keep their spot on the ranking, but the Shiba Army gave equal relentless pursuit. This community has another reason to celebrate, as leading crypto exchange Gemini announced that it will be listing SHIB. In an official post, the platform added support for the Dog-inspired cryptocurrency for “custody and trading” on the API/FIX and ActiveTrader apps for their USD trading pair. In the exchange’s mobile app, SHIB will have support for the GBP, EUR, CAD, AUD, HKD, and SGD pairs in addition to a USDC trading pair. The addition of SHIB marks an important moment for the platform, as it now supports over 60 tokens with over 16 tokens supported for its custody service. Tyler Winklevoss, one of the founders of the Gemini exchange with his brother Camer...

  Despite meme cryptocurrency Shiba Inu (SHIB) is experiencing heightened price volatility in recent days, a majority of the token holders are still in profit.  According to on-chain data provided by Intotheblock.com, 70% of SHIB wallet addresses are making money at the token’s price of $0.000051 by press time.  Furthermore, only 16% of holders are not making a profit on their initial SHIB investment. They are possible late investors who bought the coin when the value plunged from the recent all-time high. Notably, buying at low presents an opportunity of profiting once prices begin to surge.   On the holder’s distribution, the coin’s early investors are likely controlling the largest of the asset’s tokens in supply. The data indicate that the concentration by large holders stands at 75%. However, the SHIB whales have been criticized as they have a significant influence on the token’s future price movement. For any address with a balance of tokens, ITB identifie...