Shiba Inu is trending on the back of growing adoption rates lately. This is good news, but will that be enough? The answer is...
has registered a notable hike in adoption rates, despite recent price fluctuations. In fact, according to IntoTheBlock’s data, SHIB’s new adoption rate jumped from around 33% on 18 July to 36.16% by 25 July.Over this period, the 30-day average adoption rate had a reading of 33.56%. The highest point reached was 40.12% on 28 June, while the lowest was 17.40% on 30 June.
This trend suggests that larger investors are showing renewed interest in one of the market’s most popular memecoins.Despite the aforementioned updates, however, the price of SHIB has remained relatively stable. At press time, the memecoin was trading atOn the contrary, on the weekly charts, the price declined by 3.45%, showing a mix of short-term gains and longer-term declines.by AMBCrypto, Shiba Inu’s burn rate has also seen notable activity lately.
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