Markets Tumble But The Shib Army Stands Strong As They Feel The Future Belongs To Them

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

As the FTX Virus seems to be spreading across the Cryptosphere the one thing that seems to remain constant is the resilience of the Shiba Inu Holders, AKA The Shib Army.

We looked at the data from both Decentralized exchanges as well as Centralized exchanges such as Coinbase to realize that even as the markets seem to be in a freefall Shiba Inu Holders are not only growing but they are building for what to them seems like “a small speedbump in the road to financial freedom.”

As you can see in the chart below from CoinMarketCap has been a steady increase in holders since the beginning of October as people that are fleeing other cryptocurrencies are fleeing to the Shiba Inu Ecosystem. This is not a small number of new investors as when we look closely we can see this amounts to 80K plus on DEX.

And the strength is not just seen on the decentralized exchanges it can also be found on CEX Coinbase.  Market Cap remains resilient at 4.6 Billion. Volume is up 2.6% to 183 Million, the hold time is 208 days and popularity is back to number 11. One of the most impressive numbers is the buy vs sell. Of all volume, 96.5% are that of buyers and only 3.5% are selling! In this type of market condition, this is truly astonishing for any crypto.

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We can also see on social media that the Shiba Inu HOlders feel it is only a matter of time as they await the arrival of Shibarium and other Shiba Inu Ecosystem projects ready to be built on Shibarium.

Shibarmy Canada wrote”#SHIBARMY I know its been hard for many of you to see the market in bloodbath for some time but we can do nothing except wait for the storm to end One sure thing is that #SHIB ecosystem will never stop building and evolving and we will be the big winners of the next bullrun”

#SHIBARMY I know its been hard for many of you to see the market in bloodbath for some time but we can do nothing except wait for the storm to end

One sure thing is that #SHIB ecosystem will never stop building and evolving and we will be the big winners of the next bullrun pic.twitter.com/4c6gEXRizR

— SHIBARMY CANADA (@Dezaxe) November 21, 2022

While others that are ready for Shibarium are continuing to build such as Pawzone “Despite the current bear market, we continue building #ShibArmy and nothing will stop us. We wanted to give you guys an update on how we are maneuvering through these times as well as explain why Shiba Inu and Shibarium are so important for DeFi. $SHIB“

Despite the current bear market, we continue building #ShibArmy and nothing will stop us.

We wanted to give you guys an update on how we are maneuvering through these times as well as explain why Shiba Inu and Shibarium are so important for DeFi. $SHIBhttps://t.co/PsJR8uWlW1

— PawZone🐾 (@PawZoneOfficial) November 16, 2022

So while many in the Crypto Space see things as a signal the space may be done projects in the Shibarmy are moving forward. So much so that the Immerse Global Summit is holding a Think Tank with people from Microsoft, Amazon, and big players from the world, and one of their star speakers is Marcie Jastrow representing Shiba Inu and Shib The Metaverse.

Marcie Jastrow from @Shibtoken will be speaking at #IGSmiami Dec 5-7, 2022 #ShibaArmy Retweet to share this! 📢

Did you get your tickets yet? https://t.co/3K2nwRoAy3#metaverse #blockchain #techconference #tech #SHIBARMYSTRONG $SHIB pic.twitter.com/KJqEU5p0Gj

— Immerse Global Summit (@ImmerseSummit) November 18, 2022

When you look further out you can get an idea of what Shiba Inu is building for. And according to many analysts that is “the future.”