$SHIB becoming more popular among retail investors again, IntoTheBlock brand new indicator 'New Adoption Rate' shows
is showing growing popularity among new investors in the cryptocurrency space. This development is revealed by a new metric introduced by IntoTheBlock, a blockchain data analytics firm.
The indicator focuses on the proportion of new addresses conducting their first transaction out of all active addresses on a given day, offering insights into the share of total activity attributable toFor Shiba Inu, this percentage recently leaped from around 30% to nearly 65%, signaling a surge in new investor interest in this token. It is a compelling turn for a token that emerged as a"meme coin," modeled on the popular Dogecoin but quickly establishing its own strong following.
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