During the month, the value increased by more than 30%. At the same time, the price of the “meme cryptocurrency” has doubled

The number of holders of the Shiba Inu token has risen above 970 thousand for the first time. The value has increased by more than 30% over the past month, while the altcoin price has doubled. The asset occupies the 11th line in the list of the largest cryptocurrencies by capitalization.

In November, Adam Aron, CEO of the American cinema chain AMC, announced that the company was considering adding Shiba Inu to payment methods. Later, AMC began accepting Bitcoins, Ethereum, Bitcoin Cash and Litecoin.

On the evening of November 7, an unknown person bought 20 trillion Shiba Inu tokens worth about $ 1.15 billion. The crypto investor paid a commission of $0.004 ETH ($19.5) for the transaction.

The Shiba Inu token is called the “Dogecoin killer” by its creators. The project’s website says that its main task is to surpass the capitalization of Elon Musk’s favorite cryptocurrency. The developers of Shiba Inu claim that they were inspired by the example of the Reddit community WallStreetBets, whose members managed to “disperse” the value of shares of GameStop, AMC and a number of other companies.

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