Survey: Whales trust the most in Shiba Inu rather than AMC, GME or DOGE – Diamond hands

  • 64 percent of the poll respondents said that they are diamond hands for Shiba Inu (SHIB) when compared to Dogecoin and other meme stocks.
  • The recent Shiba Eternity upgrade has released major upgrades to the bugs. On the other hand, whale purchases for SHIB continue.

The year 2022 has been full of volatility and major price corrections for crypto assets. Also, the broader cryptocurrency market has eroded more than $1.2 trillion of investors’ wealth throughout the last year.

While several big players in the crypto space have exchanged hands, there are some long-term holders who continue to believe in the crypto story and are firmly holding their digital assets, popular as the Diamond Hands.

The latest survey shows that Shiba Inu (SHIB) has emerged as the most popular memecoin among several other cryptocurrencies. Also, the survey shows that most investment advocates are tightly holding their SHIB bags despite the recent market headwinds. Another major piece of evidence is the rising rate of whale accumulation.

Popular crypto news publication CoinTelegraph recently conducted the survey while asking its 1.8 million followers to select the memcoin investment asset that they are currently diamond handling despite the ongoing bear market in the crypto space.

The Twitter poll involved four options such as meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) as well as meme stocks AMC Entertainment (AMC) and GameStop (GME). Out of the nearly 4200 respondents, 64 percent i.e over 2600 respondents said that they still hold their SHIB bags. The second in the poll was Dogecoin (DOGE) with 26% votes and the meme stocks got just around 5 percent votes each.

The comment for the poll also had a number of responses which showed massive popularity for the SHIB coin. Some respondents also stated that they are holding Shiba Inu’s governance token Bone ShibaSwap (BONE).

Also read: BREAKING: Shiba Inu’s Shibarium launch is set – Can it drive SHIB price to $0.10?

Growing Popularity and Shiba Eternity Upgrade

During the crypto bull run last year in 2021, memecoin Shiba Inu (SHIB) was certainly one of the most sought-after cryptocurrencies in the markets. Interestingly, the world’s largest crypto exchange Binance recently conducted a survey ranking SHIB among the top 3 most-watched assets for this year, in addition to Bitcoin (BTC) and Ethereum (ETH).

Additionally, whales have been accumulating SHIB in a timely manner throughout the year. This week alone, the 7th biggest SHIB whale made more purchases adding to its bag without selling-off any.

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In addition to the investor community, the Shiba Inu development team has continued to contribute more to the ecosystem. The SHIB developer team introduced a couple of new features as part of the road to Shibarium.

The Shiba Inu developer team announced a major upgrade to Shiba Eternity. The 1.1.4 version of Shiba Eternity for mobile devices fixes some major bugs.

One of the most experienced gaming developers – William Volk – also shared his thank you message with the entire Shiba Eternity developer team. “This is the highest rated card game and one of the best things I have worked on in my entire career”, – uttered Mr. Volk.

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About Author

Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fictions novels and sometimes explores his culinary skills.

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