The Shiba Inu network has reached an impressive new level with over four million unique wallet addresses now in use. This accomplishment was made despite cryptocurrency market instability and a series of significant price drops causing Shiba Inu‘s value to fall short of predictions.
Shiba Inu Total Addresses Hit 4 Million
With data fromIntoTheBlock revealing over four million unique addresses on the Shiba Inu network, this milestone highlights the coin’s tenacity and ongoing expansion within the bustling crypto marketplace.
Although there have been times of great instability and drops, the Shiba Inu network has consistently grown at an impressive rate. This is a testament to the strong and dedicated community behind it. Furthermore, the recent achievement by Shiba Inu signifies a significant boost in its user numbers, which promotes adoption and fuels the network’s progression.
In the beginning of March, the cryptocurrency reached a new achievement as its daily active addresses increased by an impressive 170% and its daily trading volume went beyond $16 million. It’s worth mentioning that the Shiba Inu community has significantly contributed to the expansion of the ecosystem and the rising popularity of this cryptocurrency.
SHIB Price Struggles Below $0.00003
In the new year’s early days, SHIB, the native token of Shiba Inu’s ecosystem, experienced a double-digit increase that took its value above $0.00003. Lately, though, this cryptocurrency has been following a downward trend. It surges briefly only to correct and reduce in price once more.
During February and March, there was a massive increase in demand and excitement for the meme coin based on dogs. This surge led to unprecedented highs in its market value and significantly boosted its price increases. At that time, SHIB was one of the most sought-after cryptocurrencies, even setting new records as the second most searched-for cryptocurrency in Europe.
At present, SHIB is priced lower than anticipated on the markets at $0.0000279. In the previous week, there was a minor surge in its value, up by approximately 4.7%. Conversely, over the past month, Shiba Inu has been posting losses with a downward trend of 14.46% based on CoinMarketCap data.
The unpredictable swings in price have left Shiba Inu’s market worth uncertain, causing investors to feel uneasy about potential further drops. However, SHIB‘s price has shown tenacity, refusing to dip below $0.000027 despite recent bearish trends, as the market remains turbulent.
Many investors view this decrease as a chance to purchase and hold, believing that the cryptocurrency’s value may bounce back, bringing them profits.
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2024-04-12 00:11