Shiba Inu It attracts attention both because of its low price and because it is open to speculation with the power of the community. Investors of the leading meme coin increased the adaptation process with the influence of these and similar details.
As we reported as Koinfinans.com, data from IntoTheBlock reveals that SHIB adoption rate increased by 39.27% on February 17. The adoption rate metric is measured by calculating the percentage of newly created addresses that make their first transaction out of all active daily addresses. This metric also reveals the growth of a particular network in terms of the number of new users joining its ecosystem.
A higher ratio indicates the network is expanding, while a lower number means the network is reaching maturity with a more stable user base.
According to data, the Shiba Inu adoption rate has started to increase since February 11. The metric started gaining attention on February 11, with a 32% increase. Since that time, SHIB The adoption rate grew steadily until it reached 39.27% on February 17.
Why Is Shiba Inu Adoption Rate Increasing?
cryptocurrencyAlthough there are a few basic details that increase the adoption of assets, this situation is slightly different for assets such as SHIB and DOGE. One of these reasons is that it is speculative and investors dream of getting rich in a short time. For example, the price attracted the spotlight by reaching $0.00008845 in the bull market of 2021.
Investors also expect a similar uptrend in the new bull market based on past performance. In addition to these speculative expectations, the launch of the layer-2 network Shibarium and the network becoming more functional is also an important factor.
Source : The Crypto Basic