Shiba

Bitcoin

Shiba Inu

MN Coin

<div class="watcher-guru"> 
 <p>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.</p> 
 <p>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.</p> 
 <p>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.</p> 
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 <p><strong>Also read: Shiba Inu To 1 Cent? Google Bard Predicts When SHIB Could Hit $0.01</strong></p> 
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 <h2 class="wp-block-heading" id="h-new-investors-flock-in-on-shiba-inu"><strong>New investors flock in on Shiba Inu</strong></h2> 
 <p>The “New Adoption Rate” metric, measuring the percentage of total active addresses conducting their first transaction on a given day, serves as a crucial indicator of the rate at which fresh capital is flowing into SHIB markets. As this metric climbs during a price rally, it signals a significant influx of new investors experiencing FOMO.</p> 
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 <p>If this trend holds, Shiba Inu holders may anticipate a substantial surge in the coming days, fueled by the entrance of new market participants.</p> 
 <p><strong>Also read: Why is Bitcoin (BTC) Rising Today? Explained</strong></p> 
 <p>Shiba Inu has exhibited a decent run in the last 30 days. The coin is up 24.9% during this period and 21% in the last seven days.</p> 
 <p>SHIB has reclaimed the $0.00001 territory and is up 12.1% in the last 24 hours. However, a cautious note remains on the downside, with bears potentially challenging this prediction if Shiba Inu’s price retraces below the $0.00007 mark.</p> 
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 <p>The surge in new user transactions and the technical indicators point towards a potential breakout, challenging its past overshadowed status.</p> 
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<div class="cs-entry__tags">
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  <li>shib</li>
  <li>shiba inu</li>
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</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/shiba-inu-new-money-market-flood-to-help-shib-reach-0-001-tbt72860.html">https://thebittimes.com/shiba-inu-new-money-market-flood-to-help-shib-reach-0-001-tbt72860.html</a></p>

Shiba Inu: New Money Market Flood to Help SHIB Reach $0.001?

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