According to statistics from cryptocurrency analytics firm Vulkania, the 16th-largest digital currency was embraced by 23,708 new addresses, indicating renewed investor confidence in the asset class.
It's an incredible achievement to reach 23k followers in a single day.
Many people were surprised by the rapid adoption of $SHIB today because the number of new addresses accepting the cryptocurrency in the previous seven days had not topped 1,000 each day.
SHIB's daily adoption, on the other hand, soared to over 23,000 in a single day. A total of 27,522 new addresses have joined the dog-themed cryptocurrency in the last seven days.
Shiba Inu's evolution from a memecoin to a utility project has resulted in considerable adoption in recent months. A metaverse project, non-fungible token (NFT), stablecoins, a burn portal, and a planned play-to-earn game are now part of the Shiba Inu ecosystem.
Shiba Inu Up Over 30 Percent During The Crypto Crash
SHIB had managed to lose another zero, with gains of more than 50%. SHIB price is attempting to sneak away to the moon without us at $0.000009566, up over 30 percent.
Twitter users and cryptocurrency investors are considering the growth that will be fueled by the injection of liquidity and burned Shiba Inu tokens.
Shiba Inu token burns have been increasing faster than ever before.
According to rumors, a single user has burned nearly 2 billion SHIB since November 2021. Furthermore, retailers such as Johnson's Store and Amazon have over 70 million SHIB tokens on hand.
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