Shiba Inu (SHIB) Breaking Records with Daily Active User Growth

• On June 11, Shiba Inu’s daily active address count reached a peak of 42,822.
• The current trading price of SHIB stands at $0.000007566.

Over the past few months, the crypto industry has seen extraordinary growth, with several assets experiencing substantial increases in value and network activity. Shiba Inu (SHIB) was among the cryptocurrencies that flourished during this period.

Shiba Inu (SHIB) has garnered considerable attention in the second quarter of this year, evident from the daily influx of new addresses. A significant milestone was reached by Shiba Inu (SHIB) on June 27, as it recorded the creation of more than 4,000 new addresses. The increased market interest in Shiba Inu, despite its challenges, indicates a growing demand and intrigue surrounding the cryptocurrency.

According to Santiment’s findings, there was a notable surge in 24-hour active addresses for SHIB, further emphasizing the growing engagement and participation within the Shiba Inu community. Reaching a peak of 42,822 on June 11, the daily active address count for Shiba Inu experienced its most significant surge in over a year. Indicating a notable increase in user engagement with the digital asset.

With a market capitalization of $4.4 billion, Shiba Inu (SHIB) ranks as the 18th largest cryptocurrency by market cap. As per the latest data from CoinMarketCap, the current trading price of SHIB stands at $0.000007566. The cryptocurrency has witnessed a 1.96% decrease in value over the past 24 hours, while the trading volume during this period amounted to $127,349,884. 

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