According to IntoTheBlock’s latest report, the number of unique Shiba Inu (SHIB) cryptocurrency wallet addresses has surpassed the four million milestone.
Reaching this achievement highlights the increasing popularity and curiosity around SHIB, signifying a significant milestone in its crypto market adventure.
In simpler terms, the term “total addresses” refers to all the unique addresses on the Shiba Inu blockchain where SHIB tokens have been previously transferred or currently reside. This encompasses both the addresses where SHIB is still being held and those where it has been moved out from.
Approximately 1.3 million SHIB cryptocurrency addresses now hold a balance. This growth in the number of active addresses is usually a positive sign, suggesting a stronger and expanding community of users.
Moving forward, reaching a milestone of four million unique addresses could pave the way for further expansion and advancement within the Shiba Inu community.
As the Shiba Inu community grows larger and more diverse, it seems poised to take advantage of new applications and expand its presence in the wider digital marketplace.
Shiba Inu price action
Late Tuesday, cryptocurrencies experienced a decline as enthusiasm waned following the previous day’s rally. The dip in Bitcoin caused ripples throughout the crypto market, resulting in losses for several digital currencies by the time of publication.
In the past 24 hours, the price of Shiba Inu dropped by 3.13%, reaching a low of $0.00002684 during the day’s trading.
Shiba Inu’s price has been attempting to rise above the level of $0.00002953 without success, twice in early April on the 8th and 9th. This could indicate that the crypto is developing a resistance point at this price.
If SHIB‘s price breaks the established level with certainty, it could lead to additional gains, potentially reaching $0.00003285. Conversely, if SHIB drops below its current range, it may encounter support around $0.000025 and $0.000026. Approximately 17,960 investors have previously purchased 2.87 trillion SHIB in this price range.
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2024-04-10 12:56