Shiba Inu: 🚀 SHIB adoption increased 2,000% in March; Is an ATH Near?
Last week, meme coins saw a huge increase in value. While much attention is paid to newcomers like Dogwifhat (WIF), market mainstays have enjoyed equal success. In fact, Shiba Inu (SHIB) adoption increased 2,000% in March as many investors are pondering whether an all-time high is near for the token.
Digital asset data platform IntoTheBlock noted that the SHIB ecosystem brought in more than 8,400 new daily addresses this month alone. Furthermore, this 20x increase compared to March incited enormous optimism around the asset. However, could this be enough to surpass the all-time high of $0.00008?
SHIB Enjoys Surge in Adoption as Traders Prepare for Unprecedented Heights
Over the past few weeks, the digital asset market has been growing. The industry has seemingly lived up to the high expectations placed upon it at the start of the year. Led by Bitcoin's (BTC) rally toward an all-time high, other tokens have benefited from the positive sentiment that abounds in the cryptocurrency sector.
New addresses peaked on March 5, when a remarkable 21,000 addresses were added. Furthermore, this has transcended into value increases for SHIB.
Specifically, in the last seven days, the token has increased by 162%. Ultimately, many investors are wondering whether this rally could take it past the coveted $0.00008 mark.
Buy without fear, PEPE, SHIB, they will rise a lot in the market. #SHIB/USDT #PEPE
But tell me, what are your thoughts, Buy or sell? I'm currently buying more coins.
