Shiba Inu reaches another major milestone despite market struggles

The Shiba Inu ecosystem has reached another remarkable milestone, surpassing four million in total addresses on its network. This achievement comes amid fluctuations in the cryptocurrency’s price and a series of sharp declines that have boosted its value below market expectations.

The total number of Shiba Inu addresses is 4 million

The total number of addresses on Shiba Inu According to figures, the limit has now been exceeded by more than four million facts from IntoTheBlock. This achievement underlines the dog-themed meme coin’s resilience and continued growth in the competitive marketplace.

Despite witnessing periods of high volatility and declinesthe Shiba Inu network has continued to expand vigorously, underscoring the tremendous support and strength of its community. More importantly, Shiba Inu’s new milestone highlights an increase in its already extensive user base. promoting adoption and helping the growth and development of the network.

Earlier in March, the cryptocurrency arrived achieved another milestone, which rose by as much as 170% in its daily active addresses, as the cryptocurrency’s daily trading volume exceeded $16 million. In particular, the Shiba Inu community has been a key factor in driving the growth of the cryptocurrency ecosystem and adoption rate.

SHIB price struggles below $0.00003

At the beginning of the year, the price of SHIBthe native symbol of the Shiba Inu ecosystem double-digit gains causing the price to rise above $0.00003. However, recently the cryptocurrency has been on a downward trendrising briefly before reversing and experiencing a price correction.

Around February and March, the demand and interest for the dog themed meme coin rose to unprecedented heights, driving up its market value and contributing significantly to price increases. At the time, SHIB was even among the most popular cryptocurrencies breaking new records in Europe by emerging as the second most searched cryptocurrency on the continent.

Currently, SHIB’s value is trading below market expectations at a price of $0.0000279, at the time of writing. The cryptocurrency showed a slight increase over the past week, rising approximately 4.7%. However, over the past month, Shiba Inu has shown red candles, trading in the red zone for weeks and falling 14.46%, according to CoinMarketCap.

These price fluctuations have put the market value of Shiba Inu in a precarious position as further declines could lead to fear and uncertainty among investors. Despite recent bearish performance, SHIB’s price has remained resilient and aims to maintain its value above $0.000027 as market volatility continues.

For many investors, this drop will be seen as a buying and HODLing opportunity, just like them anticipate a possible recovery in the value of the cryptocurrency to yield a profit.

Shiba Inu price chart from Tradingview.com

SHIB bulls recover from dip | Source: SHIBUSDT on Tradingview.com

Featured image from CoinJournal, chart from Tradingview.com

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