According to U.Today, Shiba Inu (SHIB), a dog-themed cryptocurrency, has reached a significant milestone with its total addresses reaching four million, as per data from IntoTheBlock. This achievement highlights the growing adoption and interest in SHIB, marking a crucial point in its journey in the cryptocurrency market. The term 'total addresses' refers to all addresses ever created that have held SHIB at some point, including those that still do and those that no longer do.
The total number of SHIB addresses with a balance has also increased to 1.3 million. An increase in the number of addresses with a balance is generally a positive sign, indicating a more robust and expanding user base. The achievement of four million total addresses could pave the way for continued growth and innovation within the Shiba Inu ecosystem. As the community grows and new use cases emerge, Shiba Inu seems well-positioned to capitalize on opportunities for increased adoption and integration into the broader digital economy.
Cryptocurrencies experienced a drop late Tuesday after optimism decreased following Monday's rally. This drop was felt across the crypto markets, with several cryptocurrencies reporting losses. Shiba Inu was down 3.13% in the last 24 hours to $0.00002783, having hit intraday lows of $0.00002684. However, Shiba Inu appears to be building resistance near $0.00002953 as the price failed to surpass this level on two occasions, April 8 and 9. A confirmed break of this level could trigger further upside for SHIB's price, potentially reaching $0.00003285. Conversely, if SHIB falls below its current range, it might find support between $0.000025 and $0.000026, where 17,960 addresses bought 2.87 trillion SHIB.