1 million Shiba Inu users can't be wrong... can they? - Aliens: AI Crypto News & Markets Updates

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1 million Shiba Inu users can't be wrong... can they?

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CoinTelegraph

Fri, Nov 26, 2021

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Aliens TLDR

Shiba Inu (SHIB) has reached an adoption milestone by surpassing the 1 million holders mark — even though the memecoin is trading 50% below its all-time high.

#1MFRIENDSHIBS #SHIB pic.twitter.com/T1UtMRdQ7r November 25, 2021 Since the project reached this milestone, the price has jumped up 11.4% over the past 24 hours, with SHIB now trading at $0.00004237 according to Coingecko .

And South Korean exchange Korbit has been accepting deposits and SHIB was scheduled to start trading at 3AM UTC.

This makes Korbit the first Korean exchange to list Shiba Inu. Dogecoin ( DOGE ) is currently the only other memecoin available to trade on the four big exchanges that still operate legally in South Korea: Upbit, Bithumb, Coinone, and Korbit.

DOGE has been very popular in Korea since 2017 when the country was gripped by ICO fever and cryptocurrencies traded at a premium compared to global prices — known as the “Kim Chi Premium.” It remains to be seen whether the addition of more memecoins such as Shiba Inu could lead to another speculative frenzy.

SHIB is one of the most popular memecoins on the market today, behind only DOGE.

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