The cryptocurrency market is rocked by sharp declines. However, the interest of crypto communities in the projects continues. The Shiba Inu (SHIB) and BabyDoge communities have reached a new milestone. Additionally, San Francisco-based cryptocurrency exchange Kraken is launching futures on Dogecoin. Read on for details.
The Shiba Inu (SHIB) community reaches a new milestone
The official Twitter account of the Shiba Inu meme coin has reached a new milestone with 3.4 million followers. For comparison, rival Dogecoin meme coin also has around 3.4 million Twitter followers. SHIB has seen growth in the past few months and has added over 700,000 followers since February.
Furthermore, the number of Shiba Inu holders continues to increase. The total number of SHIB holders has risen to 1,182,817, according to WhaleStats. Although the increase in the number of holders does not immediately affect the price, it indicates a long-term interest in an asset.
WhaleStats’ analysis of the top 100 SHIB holders shows that cryptocurrencies interact with billions of Shiba Inu. This reflects a 20% increase in active addresses. Hence the Shiba Inu whales have become more active in the past 24 hours.
Data tracker Blockchain also reported that Shiba Inu is rolling out FTX in the largest holdings of the 100 largest ETH whales. According to WhaleStats, SHIB represents $ 403,974,830, or 14.53% of the whale’s estate.
Dogecoin futures will be listed on the largest US stock exchange
San Francisco-based cryptocurrency exchange Kraken prepares to list futures contracts for Dogecoin. This shows that support for Dogecoin is expanding.
The futures contract derives its value from its underlying cryptocurrency, Dogecoin. In this case, it allows the person to purchase the cryptocurrency without real ownership. Trading will begin on Monday 20 June. Kraken is also preparing to offer futures contracts for Tron’s TRX and Fantom’s FTM. cryptocurrency.com As reported, several exchanges have previously introduced Dogecoin futures support.
In July 2020, Binance announced the launch of perpetual DOGE / USDT contracts on its Binance Futures derivatives platform. OKEx also listed a permanent DOGE / USDT pair, adding support for DOGE trading on spot margin. In the same month, Bitfinex announced the listing of MegaDogecoin (MDOGE), which is equivalent to one million “normal” DOGEs.
The BabyDoge community continues to expand
The Twitter account of the popular cryptocurrency meme BabyDoge announced that the number of followers has exceeded 1.45 million.
While it was 1 million in February, this number was 1.3 million on April 29. Therefore, BabyDoge has added nearly half a million Twitter followers in the past 5 months. This isn’t the only milestone that BabyDoge has recently reached. Earlier this week, the number of BabyDoge offers in circulation was finally confirmed by CoinMarketCap.
In addition, the number of BabyDoge owners has reached an all-time high of 1,550,000 addresses. As of press time, the meme token price has dropped 11.42% in the past 24 hours to $ 0.0000000011.
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