Shiba Inu Reaches a New Milestone with 4 Million Addresses
Dog-themed cryptocurrency Shiba Inu (SHIB) has achieved notable success, with its total addresses reaching the four million mark, according to IntoTheBlock data.
This milestone marks an important moment in SHIB's journey in the cryptocurrency market, underscoring the growing adoption and interest in SHIB. “Total addresses” in this context refers to all addresses ever created that hold SHIB at some point, including those that still do.
Shiba Inu at a New Turning Point
Simply put, total addresses are those that used to hold SHIB but no longer do, and those that do. In this regard, the total number of SHIB addresses with a balance has increased to 1.3 million.
An increase in the number of stable addresses is typically a good indicator of a more solid and growing user base. Looking ahead, achieving a total of four million addresses could pave the way for continued growth and innovation in the Shiba Inu ecosystem.
As the community expands and new use cases emerge, there is greater adoption of the Shiba Inu into the broader digital economy. It looks well positioned to take advantage of integration opportunities.
Shiba Inu price action, cryptocurrencies fell late Tuesday after optimism faded following Monday's rally. The decline in Bitcoin assets was echoed throughout the crypto markets. Several cryptocurrencies reported losses at press time. Shiba Inu is down 3.13% in the last 24 hours to $0.00002783, reaching intraday lows of $0.0002684.
Shiba Inu seems to be forming resistance near $0.00002953 as the price failed to surpass this level twice, on April 8 and 9. A confirmed break of the mentioned level could open up further upside for SHIB price and possibly reach $0.00003285.
On the other hand, if SHIB falls below its current range, it may find support between $0.00025 and $0.000026, where 17,960 addresses purchased 2.87 trillion SHIB
