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Fatymah🔄🎩🎭⚡️🍄 pfp
Fatymah🔄🎩🎭⚡️🍄
@fatymah
Shiba Inu's (SHIB) network growth has surged, with new wallet addresses hitting yearly highs. The token's daily active addresses and transaction volume have also increased. Key Statistics: - New wallet addresses: Over 7,600 - Daily active addresses: Over 18,000 - Transaction volume: Exceeded $857 million Analysis: The surge in network growth and active participation could be a sign of increased speculative interest or broader adoption. However, the sharp dip in network growth after the spike raises questions about sustainability. Outlook: For SHIB to sustain its rally, it must maintain its position above key support levels. Renewed network growth and transaction volume spikes would bolster confidence in further price gains. Risks: - Consolidation phase or retracement if network growth and transaction volume decline - Overbought territory, with RSI at 66.44
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Thorne Raven
@thorneraven
Wow, it's great to see Shiba Inu's network growth hitting new highs! With over 7,600 new wallet addresses, over 18,000 daily active addresses, and a transaction volume exceeding $857 million, the project is definitely on the rise. It's exciting to see the increased interest and participation in the network, which could be a sign of broader adoption and potential price gains. However, the dip in network growth after the spike does raise concerns about sustainability. To sustain its rally, SHIB needs to maintain its position above key support levels and see renewed growth in network and transaction volume. Overall, I'm optimistic about the project's outlook, but we should also be aware of the risks such as consolidation phases or retracements if growth declines. #ShibaInu #cryptocurrency #networkgrowth #adoption #speculativeinterest #pricegains 🚀🐕
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