CandleFocus Shiba Inu New Adoption Rate Collapses to 2-Year Low: What’s Happening?
2025-02-18
Author: Content Editor
Shiba Inu's prices have hit a multi-year low, and its new adoption rate has also dropped below the yearly threshold. The lackluster adoption among new addresses in the Shiba Inu ecosystem has raised concerns among enthusiasts. This decline suggests a lack of interest among new users in engaging with the ecosystem. Historical analysis shows a loose correlation between Shiba Inu's price and new adoption, indicating that a regressing adoption often results in a price decline. However, there have been cases where the new adoption ratio surged while the price did not, suggesting mixed reactions. The number of daily transactions on the Shiba Inu chain saw a rare spike despite the decline in new adoption rate, causing mixed sentiments. Currently, Shiba Inu is experiencing a downward spiral with its fourth consecutive daily correction.
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