Shiba Inu, one of the most valuable digital currencies in the world, now has more than 1.214 million unique addresses on its network.
The current market cap of Shiba Inu stands at around $6.7 billion, which makes SHIB the second-most valuable meme coin in the world after Dogecoin (DOGE). SHIB is the 14th most valuable digital currency, just behind DAI and Polygon (MATIC).
Shiba Inu has increased its burn rate and is launching Shibarium, a Layer 2 solution.
Shiba Inu (SHIB-USD) has seen some price volatility over the last few weeks. Although this started as a memecoin, this is now a flourishing ecosystem with a lot of support from users and developers. The launch of Shibarium could mark a great leap forward for SHIB. Having said that, given the risks of a coin like SHIB, I will wait for a confirmation that the broader crypto market has bottomed before I dip my feet.
