Shiba Inu Hits Another Important Milestone, As Expected

As previously anticipated, Shiba Inu (CRYPTO: SHIB) hit one million users before the end of November, joining another crypto "big boy's club."

What Happened: As of publication Monday morning, Shiba Inu's community now found its way into 1,013,360 wallets, according to Ethereum (CRYPTO: ETH) blockchain data service Etherscan. This follows Benzinga reporting earlier in November that Shiba Inu would most likely hit a million users before the end of the month.

Reaching such a milestone is expected to give Shiba Inu's proficient marketing team yet another tool to create a buzz around the memecoin once marketed as the Dogecoin (CRYPTO: DOGE)-killer and has now turned into a utility token. According to recent reports, the token's community recently started to reject the memecoin definition, pointing to the fact "it is a real coin with a real community behind it" after deploying its own decentralized exchange (DEX) and non-fungible token (NFT) marketplace.

SHIB Price Action: As of Monday morning at publication, Shiba Inu is trading $0.00003995 after seeing its value increase by nearly 5.80% over the last 24 hours.

Image by Peter Ahrend from Pixabay

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.