Shiba Inu (SHIB) Twitter followers have surpassed Dogecoin (DOGE) followers. SHIB is now the most followed meme coin on Twitter. This change comes after SHIB’s high performance on August 14. Here are the details…
SHIB followers take down DOGE
Real-time Twitter follower count data showed that Shiba Inu finally stole the show from Dogecoin. It has confirmed that it has become the most popular dog-themed cryptocurrency on Twitter. Shiba Inu currently has a total of 3,441,546 (3.44 million) followers on Twitter, while Dogecoin has 3,439,826 (3.43 million).
At the same time, the Shiba Inu beat Avalanche (AVAX) and Polygon (MATIC) with their outstanding performance on Sunday. Its market cap manages to hold the 12th position. Shiba Inu has skyrocketed by more than 30 percent in the last 24 hours, as we reported on Kriptokoin.com. Since May 11, the Shiba Inu has been trading in the $0.00000718 – $0.000013 range. On Sunday, the most popular dog-themed cryptocurrency finally formed the “Ascending Triangle Pattern” on the daily chart. Therefore, there was a possibility of punching the critical $0.000013 resistance level. After the breakout occurred, the Shiba Inu has skyrocketed more than 30 percent and is approaching the next short-term resistance located at $0.0011797.
Santiment drew attention to whale movements
Meanwhile, the latest price rally on the Shiba Inu comes against the backdrop of a strong whale buildup. On chain data provider Santiment used the following statements:
The Shiba Inu was on the move this weekend. It has increased 34 percent in the last 24 hours. Other cryptos have remained fairly stable. Although not coincidentally, whales are very active on the Shiba Inu. 433 transactions with a maximum value of 100 thousand dollars were made in 4 months.
As of publication time, the Shiba Inu (SHIB) has seen an increase of more than 15 percent, currently priced at $0.0000163. Most of the price increase on the Shiba Inu has come in the last 48 hours. As we reported, the recent break in the “cup and handle” model led to this price spike in the Shiba Inu (SHIB). The breakout in the chart shows that SHIB price may cover the distance of the arrow in the next price momentum.
Recent developments in the Shiba Inu ecosystem
Meanwhile, the Shiba Inu has been part of some important developments in recent days. Last week, Binance added SHIB support to all payment cards issued in the European market. This will allow Binance card users to pay with SHIB at over 60 million merchants worldwide. Users will not have to pay any transaction fees. Moreover, they will get 8 percent cashback.
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