Shiba Inu Adds 840K Addresses in a Year Despite Price Volatility
Posted: Thu Feb 20, 2025 12:31 pm
Shiba Inu: 840,000 New Addresses, But What Does It REALLY Mean?
Shiba Inu added almost a million addresses in a year. Impressive, right? But let's dig deeper. A massive chunk of these are zero-balance addresses. So, while total addresses skyrocketed, addresses with actual SHIB only grew by 100,000. Is this a sign of waning interest, or simply a reflection of the broader market trends? What’s driving this disparity?
The price of SHIB hasn't exactly mirrored this growth. Despite hitting $0.000045 in March 2024, it’s now struggling around $0.000015. Does this price action contradict the address growth? Are we seeing a disconnect between on-chain metrics and market sentiment? Could this be a bear trap, or are we looking at a long road to recovery?
Hodlers seem to be holding steady, but what about the shorter-term players? With the meme coin hype seemingly cooled, what’s keeping these investors engaged? Is it genuine belief in the Shiba Inu ecosystem, or simply speculation?
I’m curious to hear your thoughts. Is this address growth a bullish signal despite the price stagnation? Or is it a mirage? What are your SHIB price predictions for the rest of the year? Let’s discuss.
Shiba Inu added almost a million addresses in a year. Impressive, right? But let's dig deeper. A massive chunk of these are zero-balance addresses. So, while total addresses skyrocketed, addresses with actual SHIB only grew by 100,000. Is this a sign of waning interest, or simply a reflection of the broader market trends? What’s driving this disparity?
The price of SHIB hasn't exactly mirrored this growth. Despite hitting $0.000045 in March 2024, it’s now struggling around $0.000015. Does this price action contradict the address growth? Are we seeing a disconnect between on-chain metrics and market sentiment? Could this be a bear trap, or are we looking at a long road to recovery?
Hodlers seem to be holding steady, but what about the shorter-term players? With the meme coin hype seemingly cooled, what’s keeping these investors engaged? Is it genuine belief in the Shiba Inu ecosystem, or simply speculation?
I’m curious to hear your thoughts. Is this address growth a bullish signal despite the price stagnation? Or is it a mirage? What are your SHIB price predictions for the rest of the year? Let’s discuss.