Shiba Inu’s daily active addresses have seen a substantial increase, signaling growing interest and a potential price rally.
Other developments, such as the burning mechanism and Shibarium’s progress, might also positively affect SHIB’s value.
While Shiba Inu’s price has underperformed as of late, some essential indicators related to the second-largest meme coin by market capitalization have been on a substantial rise.
According to IntoTheBlock data, SHIB daily active addresses have surged above 3,500, representing a 13% increase. The upswing might suggest growing demand for the asset and greater interest coming from investors.
The trend could positively impact the price of Shiba Inu should supply remain the same or not increase at the same pace.
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