{"id":540942,"date":"2023-07-04T00:30:59","date_gmt":"2023-07-04T00:30:59","guid":{"rendered":"https:\/\/ktsl888.com\/?p=540942"},"modified":"2024-06-11T07:49:59","modified_gmt":"2024-06-11T07:49:59","slug":"shiba-inu-records-surge-in-daily-new-addresses","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-records-surge-in-daily-new-addresses\/","title":{"rendered":"Shiba Inu Records Surge In Daily New Addresses In Q2: A Sign Of Growing Interest?"},"content":{"rendered":"

Shiba Inu (SHIB)<\/a>, a dog-themed cryptocurrency, has recently made headlines with significant growth in the second quarter of the year, as indicated by the daily number of new addresses according to the blockchain analytics platform, IntoTheBlock<\/a>.<\/span><\/p>\n

This development implies a surge in market interest for Shiba Inu, despite its challenges during the same period, the report suggested.\u00a0<\/span><\/p>\n

Related Reading: Shiba Inu Leads With Highest Number of Fake Twitter Followers, Data Reveals<\/a><\/p>\n

Substantial Growth Amid Challenges<\/span><\/h2>\n

Shiba Inu’s<\/a> performance in the second quarter might initially seem contradictory. While the meme coin faced several adversities, on-chain data hints at a noticeable resurgence of interest in the market. This dichotomy becomes clear in IntoTheBlock’s recent quarterly report, which showed SHIB experiencing a significant increase in daily new addresses during Q2.<\/span><\/p>\n

\n

Quarterly Update: #SHIB<\/a> had a strong ending to Q2, with new addresses showing positive signs of growth. Daily new addresses reached over 4k on June 27th, up 357% from it 877 quarterly low on May 21st. pic.twitter.com\/jbhlR8OUvl<\/a><\/p>\n

\u2014 IntoTheBlock (@intotheblock) July 3, 2023<\/a><\/p><\/blockquote>\n

The data points towards more than 4,000 new addresses recorded for SHIB on June 27, a landmark achievement for the digital asset. The number signifies roughly a 357% increase from the quarterly low of 877 new addresses seen on May 21. <\/span><\/p>\n

This sharp rise suggests an expansion in the Shiba Inu user base and heightened engagement from traders and investors in the Shiba Inu ecosystem.<\/span><\/p>\n

Peak In Daily Active Addresses<\/span><\/h2>\n

Alongside an influx of new addresses, Q2 also saw a notable surge in daily active addresses for Shiba Inu. Data analytics provider Santiment revealed<\/a> an escalation of 24-hour active addresses for SHIB.<\/span><\/p>\n

\"Shiba
Shiba Inu (SHIB) active 24-hour addresses. | Source: Santiment<\/a><\/figcaption><\/figure>\n

On June 11, the figure surged to a high of 42,822. This is the most substantial daily active address count the digital asset has seen in over a year. It is worth noting that these substantial increases in new and active addresses suggest a growing interest and belief in SHIB among crypto enthusiasts.<\/span><\/p>\n

Meanwhile, the SHIB<\/a> token price has increased in the past few days, with the meme coin breaking multiple resistance levels. SHIB is trading at $0.00000772, up 2.3% over the past two weeks. The token currently has a market capitalization of $4.5 billion, making it the 16th largest cryptocurrency by market cap.<\/span><\/p>\n

\"Shiba
Shiba Inu (SHIB) price is moving sideways on the 4-hour chart. Source: SHIB\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

SHIB\u2019s daily trading volume has ranged in the past 7 days. Shiba Inu volume has ranged from as low as $106 million last Monday to $102 million in the past 24 hours.<\/span><\/p>\n

Related Reading: Shiba Inu Burn Surges Over 6,000% As SHIB Price Continues Uptrend<\/a><\/div>\n

The rise in the price of the SHIB token<\/a> can be linked to the prevailing optimistic outlook in the cryptocurrency market. As Bitcoin, the top-ranking cryptocurrency in market capitalization, has been on a bullish trajectory, recently surpassing $31,000, it has created a favorable effect on the value of other digital currencies with SHIB included.<\/span><\/p>\n

Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu (SHIB), a dog-themed cryptocurrency, has recently made headlines with significant growth in the second quarter of the year, as indicated by the daily number of new addresses according to the blockchain analytics platform, IntoTheBlock. This development implies a surge in market interest for Shiba Inu, despite its challenges during the same period, the report suggested.\u00a0 Related Reading: Shiba Inu Leads With Highest Number of Fake Twitter Followers, Data Reveals Substantial Growth Amid Challenges Shiba Inu’s performance in the second quarter might initially seem contradictory. While the meme coin faced several adversities, on-chain data hints at a noticeable resurgence of interest in the market. This dichotomy becomes clear in IntoTheBlock’s recent quarterly report, which showed SHIB experiencing a significant increase in daily new addresses during Q2. Quarterly Update: #SHIB had a strong ending to Q2, with new addresses showing positive signs of growth. Daily new addresses reached over 4k on June 27th, up 357% from it 877 quarterly low on May 21st. pic.twitter.com\/jbhlR8OUvl \u2014 IntoTheBlock (@intotheblock) July 3, 2023 The data points towards more than 4,000 new addresses recorded for SHIB on June 27, a landmark achievement for the digital asset. The number signifies roughly a 357% increase from the quarterly low of 877 new addresses seen on May 21. This sharp rise suggests an expansion in the Shiba Inu user base and heightened engagement from traders and investors in the Shiba Inu ecosystem. Peak In Daily Active Addresses Alongside an influx of new addresses, Q2 also saw a notable surge in daily active addresses for Shiba Inu. Data analytics provider Santiment revealed an escalation of 24-hour active addresses for SHIB. On June 11, the figure surged to a high of 42,822. This is the most substantial daily active address count the digital asset has seen in over a year. It is worth noting that these substantial increases in new and active addresses suggest a growing interest and belief in SHIB among crypto enthusiasts. Meanwhile, the SHIB token price has increased in the past few days, with the meme coin breaking multiple resistance levels. SHIB is trading at $0.00000772, up 2.3% over the past two weeks. The token currently has a market capitalization of $4.5 billion, making it the 16th largest cryptocurrency by market cap. SHIB\u2019s daily trading volume has ranged in the past 7 days. Shiba Inu volume has ranged from as low as $106 million last Monday to $102 million in the past 24 hours. Related Reading: Shiba Inu Burn Surges Over 6,000% As SHIB Price Continues Uptrend The rise in the price of the SHIB token can be linked to the prevailing optimistic outlook in the cryptocurrency market. As Bitcoin, the top-ranking cryptocurrency in market capitalization, has been on a bullish trajectory, recently surpassing $31,000, it has created a favorable effect on the value of other digital currencies with SHIB included. Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":515212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[134,85699,83668,83667,84558],"class_list":["post-540942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-altcoin","tag-memecoin","tag-shib","tag-shiba-inu","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Records Surge In Daily New Addresses In Q2: A Sign of Growing Interest?<\/title>\n<meta name=\"description\" content=\"Many turn to indicators that reflect increased interest and growth in a particular coin. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/ktsl888.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Records Surge In Daily New Addresses In Q2: A Sign Of Growing Interest?","url":"http:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-records-surge-in-daily-new-addresses\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/shiba-inu-coin\/shiba-inu-records-surge-in-daily-new-addresses\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","memecoin","shib","shiba inu","shibusdt"],"dateCreated":"2023-07-04T00:30:59Z","datePublished":"2023-07-04T00:30:59Z","dateModified":"2024-06-11T07:49:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Records Surge In Daily New Addresses In Q2: A Sign Of Growing Interest?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-records-surge-in-daily-new-addresses\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-records-surge-in-daily-new-addresses\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/SHIB-Shibarium.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/SHIB-Shibarium.jpg?fit=350%2C250\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"memecoin\",\"shib\",\"shiba inu\",\"shibusdt\"],\"dateCreated\":\"2023-07-04T00:30:59Z\",\"datePublished\":\"2023-07-04T00:30:59Z\",\"dateModified\":\"2024-06-11T07:49:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/540942"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=540942"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/540942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/515212"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=540942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=540942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=540942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}