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Shiba Inu: New Money Floods the Market, Can It Help SHIB Reach $0.001?
For most of November 2023, Shiba Inu struggled to steal the limelight from Dogecoin. However, recent on-chain data trends are painting a different picture. The data suggests that investors are injecting fresh capital into SHIB markets.
This week, SHIB witnessed an unexpected surge in transactions from new investors, hitting a four-month peak of 40% on December 4, as reported by on-chain data analytics platform Intotheblock.
Notably, the latest reading of 34.44% remains well above the 30-day average of 23.41%, indicating a sustained influx of new participants into the Shiba Inu ecosystem.
New investors flock in on Shiba Inu #DOGE #SHIBSurge