{"id":596927,"date":"2024-03-08T18:00:59","date_gmt":"2024-03-08T18:00:59","guid":{"rendered":"https:\/\/wncen.com\/?p=596927"},"modified":"2024-06-11T07:10:11","modified_gmt":"2024-06-11T07:10:11","slug":"shiba-inu-shib-0-0008-ath","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-shib-0-0008-ath\/","title":{"rendered":"Shiba Inu Sees 2,000% Explosion In Adoption, Is SHIB Headed For A $0.0008 ATH?"},"content":{"rendered":"

Shiba Inu (SHIB)<\/span><\/a> has been gaining a lot of traction lately, with the meme token seeing an increase in the number of addresses created. This uptrend in the crypto token\u2019s expansion is significant as it could spark a <\/span>surge in SHIB\u2019s price<\/span><\/a> and possibly a new all-time high (ATH).\u00a0<\/span><\/p>\n

Shiba Inu Sees 2,000% Increase In Daily Addresses<\/h2>\n

Data<\/span><\/a> from the Market Intelligence platform IntoTheBlock shows that SHIB has been attracting over 8,400 <\/span>new daily addresses<\/span><\/a> in March. This represents almost a 20 times increase from its February daily average. The meme coin\u2019s new daily addresses peaked on March 5, recording 21,000 addresses.<\/span><\/p>\n

Related Reading: Wall Street Expert Says $100 XRP Price Prediction Has Expired, What Does This Mean?<\/a><\/div>\n

The reason for the increase in SHIB\u2019s adoption is not farfetched, as the <\/span>Shiba Inu team<\/span><\/a> has continued to implement <\/span>exciting initiatives<\/span><\/a> that are attracting new investors into the ecosystem. One of these initiatives includes the launch of K9 Finance, a liquid staking derivatives (LSD) platform on the <\/span>Shibarium network<\/span><\/a>.<\/span><\/p>\n

Liquid staking<\/span><\/a> looks to be one of the leading narratives of this bull cycle (something that has increased Ethereum\u2019s network activity), and there is no doubt that K9 Finance can also help the Shiba Inu ecosystem achieve the same results.\u00a0<\/span><\/p>\n

Meanwhile, blockchain analytics platform Santiment <\/span>recently highlighted<\/span><\/a> how AI tokens and Meme coins look to be the leading altcoins at the moment. As such, it is unsurprising that investors will want to position themselves with SHIB, the second-largest meme coin by market cap.\u00a0<\/span><\/p>\n

The increased interest in SHIB since the beginning of March is already reflecting positively on its price, with the crypto token seeing a gain of over 162% in the last seven days. A sustained increase in SHIB\u2019s adoption will help the meme coin maintain this bullish momentum.<\/span><\/p>\n

SHIB Gunning For Its All-Time High<\/h2>\n

SHIB\u2019s all-time high (ATH)<\/span><\/a> currently stands at $0.0008, and with its current bullish momentum, there is a growing belief that it won\u2019t be long before it surpasses that price level. The fact that the <\/span>bull market<\/span><\/a> also looks to be in full force already makes SHIB hitting a new ATH very possible.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Uses Historical Data To Show When The Bitcoin Price Will Reach $207,000<\/a><\/div>\n

Interestingly, crypto analyst Ali Martinez had <\/span>predicted<\/span><\/a> that SHIB could rise to as high as $0.011. Although that price level still looks very ambitious, it is one to keep an eye on as the meme coin continues its upward trend. Meanwhile, the <\/span>Doge community<\/span><\/a> will be on high alert as Dogecoin (DOGE) risks <\/span>losing its crown to SHIB<\/span><\/a> as the most valuable meme coin.\u00a0<\/span><\/p>\n

At the time of writing, SHIB is trading at $0.00003346, up almost 10% in the last 24 hours according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Shiba<\/p>\n

SHIB bulls regain control of price | Source: SHIBUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Analytics Insight, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Shiba Inu (SHIB) has been gaining a lot of traction lately, with the meme token seeing an increase in the number of addresses created. This uptrend in the crypto token\u2019s expansion is significant as it could spark a surge in SHIB\u2019s price and possibly a new all-time high (ATH).\u00a0 Shiba Inu Sees 2,000% Increase In Daily Addresses Data from the Market Intelligence platform IntoTheBlock shows that SHIB has been attracting over 8,400 new daily addresses in March. This represents almost a 20 times increase from its February daily average. The meme coin\u2019s new daily addresses peaked on March 5, recording 21,000 addresses. Related Reading: Wall Street Expert Says $100 XRP Price Prediction Has Expired, What Does This Mean? The reason for the increase in SHIB\u2019s adoption is not farfetched, as the Shiba Inu team has continued to implement exciting initiatives that are attracting new investors into the ecosystem. One of these initiatives includes the launch of K9 Finance, a liquid staking derivatives (LSD) platform on the Shibarium network. Liquid staking looks to be one of the leading narratives of this bull cycle (something that has increased Ethereum\u2019s network activity), and there is no doubt that K9 Finance can also help the Shiba Inu ecosystem achieve the same results.\u00a0 Meanwhile, blockchain analytics platform Santiment recently highlighted how AI tokens and Meme coins look to be the leading altcoins at the moment. As such, it is unsurprising that investors will want to position themselves with SHIB, the second-largest meme coin by market cap.\u00a0 The increased interest in SHIB since the beginning of March is already reflecting positively on its price, with the crypto token seeing a gain of over 162% in the last seven days. A sustained increase in SHIB\u2019s adoption will help the meme coin maintain this bullish momentum. SHIB Gunning For Its All-Time High SHIB\u2019s all-time high (ATH) currently stands at $0.0008, and with its current bullish momentum, there is a growing belief that it won\u2019t be long before it surpasses that price level. The fact that the bull market also looks to be in full force already makes SHIB hitting a new ATH very possible.\u00a0 Related Reading: Crypto Analyst Uses Historical Data To Show When The Bitcoin Price Will Reach $207,000 Interestingly, crypto analyst Ali Martinez had predicted that SHIB could rise to as high as $0.011. Although that price level still looks very ambitious, it is one to keep an eye on as the meme coin continues its upward trend. Meanwhile, the Doge community will be on high alert as Dogecoin (DOGE) risks losing its crown to SHIB as the most valuable meme coin.\u00a0 At the time of writing, SHIB is trading at $0.00003346, up almost 10% in the last 24 hours according to data from CoinMarketCap.\u00a0 SHIB bulls regain control of price | Source: SHIBUSDT on Tradingview.com Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":596951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,84473,83667,89157,86437,89559,84562,84558],"class_list":["post-596927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shiba-inu-price-prediction","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu Sees 2,000% Explosion In Adoption, Is SHIB Headed For A $0.0008 ATH?<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) has been gaining a lot of traction lately, with the meme token seeing an increase in the number of addresses created.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Sees 2,000% Explosion In Adoption, Is SHIB Headed For A $0.0008 ATH?","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-shib-0-0008-ath\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-shib-0-0008-ath\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-3.jpeg?resize=200%2C176","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-3.jpeg?fit=286%2C176"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib price","shiba inu","shiba inu news","shiba inu price","shiba inu price prediction","shibusd","shibusdt"],"dateCreated":"2024-03-08T18:00:59Z","datePublished":"2024-03-08T18:00:59Z","dateModified":"2024-06-11T07:10:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Sees 2,000% Explosion In Adoption, Is SHIB Headed For A $0.0008 ATH?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-shib-0-0008-ath\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-shib-0-0008-ath\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Shiba-Inu-3.jpeg?resize=200%2C176\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Shiba-Inu-3.jpeg?fit=286%2C176\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib price\",\"shiba inu\",\"shiba inu news\",\"shiba inu price\",\"shiba inu price prediction\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2024-03-08T18:00:59Z\",\"datePublished\":\"2024-03-08T18:00:59Z\",\"dateModified\":\"2024-06-11T07:10:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/03\/Shiba-Inu-3.jpeg?fit=286%2C176","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/596927"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=596927"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/596927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/596951"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=596927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=596927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=596927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}