The Army of Sheep will have another themed restaurant (Sheep) on the Gold Coast, Australia. The coastal Queensland city will host Shiba Wings, a chicken restaurant with a coded ATM installed on the premises. The first cryptocurrency restaurant in Australia featured a Shiba Inu logo with fiery wings, likely a reference to the SHIB burning mechanism.
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#SHIBA Suites open on #goldcoast Australia. This is awesome #shibawings #cryptocurrency #SHIBARMYSTRONG pic.twitter.com/1aqb6WYy6s
— SHIB TOKENOMICS (@ShibaTokenomics) November 20, 2022
Shiba Inu see adoption despite adding zero
At the time of publication, the Japanese guard dog memecoin SHIB changed hands at $0.00000869, down 4.20% in the last 24 hours. The crypto winter hit memcoin, with a monthly deficit of 13.3%.
This caused the dog coin to give way to Lido Staked Ether (stETH) to take the thirteenth spot on the cryptocurrency charts. After losing $200 million in its market value in the past 24 hours, it is now trading below the key resistance line of $0.000009 for the first time since June 21, 2022.
In other related news, Coinbase’s (NASDAQ:) SHIB trading activity again maintained 91% buys. The bullish signal from Coinbase users coincided with about 5,000 new SHIB wallets on the (ETH) network. according to WhaleThe total number of active wallets now is 1,279,882 with an average of 80,363,052,179 SHIBs held by the top 100 ETH whales.
SHIB trading activity over the past 24 hours on coinbase is: 91% Buy and 9% Sell
— SHIB ALEXANDER DOLLAR (@ShibAlexander) November 21, 2022
on the flip side
- SHIB lost the top spot as the most-held cryptocurrency by TOP 100 ETH Whales.
- Currently, the highest holding is ETH, followed by the popular stablecoins (USDT) and (USDC).
- Despite the drop in the market price of SHIB, memecurrency has added more than 50,000 new wallet addresses since last month.
Why should you bother
The two-year-old memecurrency project has an extensive and active community. SHIB and its archenemy (DOGE) has sparked several bulls on altcoins in the past two years.
Get the scoop on the best memecoins for SHIB and DOGE dogs:
Dogecoin (DOGE) is seeing more interest as Twitter usage hits another all-time high
Lead developer Shiba Inu (SHIB) reveals Shibarium’s progress on Twitter