The broader crypto market has been quite wobbly of late. Following the path of large-cap altcoins like Ethereum, Cardano, and Solana, Shibnobi [SHINJA] has been been on a downtrend over the past week too.
However, the token’s price has not fluctuated much over the past day. After posting a mere 1% decline in the 24-hour window, SHINJA was seen exchanging hands at $0.000000000000009507 at the time of press.
The whole red phase on the charts was accompanied by a dip in the token’s volumes traded. As of 12th February, Shibnobi tokens worth $12.54 million were traded. However, the same was down to $3.24 million on 13th February. The value is even lower when compared to the consistent $4-$5 million recorded since 3rd February.
Shibnobi’s sunny patches
Despite the not-so-healthy price trend, SHINJA market participants have been closely keeping an eye on this token. On CMC alone, Shibnobi was a part of 82,606 watchlists. Adding icing to the cake, this coin managed to top the popularity chart on BitMart. SHINJA was searched more than its prominent counterparts like BabyDoge and Shiba Inu on the said global crypto exchange.
Additionally, on 12th February Shibnobi surpassed the 58k HODLer count mark. As per data from the CMC, this coin’s investor community has inclined from 1.5k to 58.57k in just three months. This speaks volumes about its gaining acclamation.
Additionally, HODLers have a lot more to look out for and expect from this token and the project over the long term. The Shibnobi network has an array of things in the pipeline for this year. DojoSwap, the network’s multi-chain swap platform, is set to roll out in this quarter of 2022. Following the same, the Katana wallet too is scheduled to go live in the second quarter of this year.
The said rollouts would essentially aid the project garner more popularity and fostering mainstream adoption. In effect, the token’s price would likely end up benefitting from the same in the long run.