Shiba Inu shows some signs of recovery as network activity moves up
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The price of Shiba Inu has been relatively stagnant over the past few weeks, but the recent surge in daily active addresses could be a precursor to a price rally. While it is too early to make definitive conclusions, the asset's price has shown some resilience in the face of a generally bearish market.One of the key factors contributing to this surge could be Shiba Inu's increasing prominence in the DeFi space.
It is crucial to note that the surge in daily active addresses could lead to increased volatility. Investors should be cautious and not solely rely on this metric for investment decisions. Other on-chain metrics like transactional activity on large wallets are equally important.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future.
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