Shiba Inu still appealing to new investors, per on-chain indicator
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This means that more than two out of every five active SHIB addresses are new to the network, indicating that the token's popularity and demand are expanding.has continuously increased since Feb. 11, when it was around 32%. This trend demonstrates that SHIB is keeping existing users while also attracting new ones.
This adoption rate indicator from IntoTheBlock provides insights into the network's growth in terms of new user adoption. A higher percentage could imply an expanding network with increasing new user uptake. Conversely, a lower percentage might suggest a mature network with a stable user base.Shiba Inu has constantly increased its total number of addresses, despite its price lag.
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