фото показано с : invezz.com

The meme token Shiba Inu has attracted the crypto players’ attention for various reasons since its 2020 launch. The project has seen significant growth and adoption over the past three years. IntoTheBlock data shows that SHIB wallets with no balance have increased to 1.26 million.

The uptick represents a substantial 1.25 million increase from the February 2021 figure of 8,460 addresses. That shows more crypto enthusiasts joining the Shiba Inu project lately.

The notable uptick in Shiba Inu addresses with no balances signals growing adoption for the altcoin. Meanwhile, positive ecosystem developments such as the Shibarium launch saw many crypto enthusiasts embracing SHIB.

Shibarium is a layer2 scaling solution that supports leading DeFi projects, allowing individuals to purchase and stake Shiba Inu tokens for rewards. 

Furthermore, the crypto’s massive community increased SHIB’s exposure to potential investors. The supporters have helped in establishing Shiba Inu as a lucrative digital coin.

SHIB maintained a downward stance as the global crypto market capitalization declined by 2.07% over the past day. It hovered at $0.000007986 during this publication, following a 4.60% 24-hour price dip.

However, proponents trust Shiba Inu will witness significant upsurges in the upcoming broad-based rally. The alt’s enormous value increase in the last bull run attracted many to the project. That has contributed to the increasing SHIB wallets since 2021.

Also, development efforts by the Shiba Inu team have contributed to the project’s adoption. Developers have been working to bring utility to the dog-themed asset.

The crypto awaits multiple releases, targeting increased use cases as it aims to remove the meme token tag. Invezz.com highlighted multiple upcoming releases, including SHI stablecoin and Treat Token, designed to boost functionalities and ensure Shiba Inu offerings.

Shiba Inu remains poised for impressive rallies, and enthusiasts who missed the previous opportunity could capitalize on SHIB’s low prices to accumulate.

The post SHIB wallets with zero balance hit record highs, signaling growing adoption appeared first on Invezz

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