According to the data on IntoTheBlock, the number of addresses holding Shiba Inu (SHIB) saw a surge in the month of July. As per the blockchain analytics platform, the number of SHIB addresses grew by 115% on a weekly basis. Additionally, the figure continues to grow, with a 22% rise over the previous week. Currently, SHIB has 3.51 million addresses in total, while non-zero addresses are at 1.24 million.

The rise in the number of addresses also coincides with SHIB crossing the $0.000008 resistance level. The asset was struggling to get past this level for many weeks. However, new users and funds seem to have done the trick.

Also Read: Shiba Inu: 100% of BONE Addresses in Profit, Price Up 150%

또한 읽어 보세요: 시바견: BONE 주소 100% 수익, 가격 150% 상승

Despite the rise in addresses, Shiba Inu’s rally seems to be cooling down. The token touched $0.00000872 on July 30 and has been on a downtrend thereafter. Moreover, the token’s price has fallen by 2% in the last 24 hours.

Why are Shiba Inu addresses rising?

시바견 주소가 왜 오르는 걸까요?

The rise in the number of addresses could be attributed to the upcoming Shibarium launch. Shiba Inu is one of the most popular crypto projects out there and the layer-2 network is one of its biggest launches in its three-year history. Many fans and users expect the price of the token to significantly rise once the new blockchain goes live.

주소 수가 증가한 것은 다가오는 Shibarium 출시 때문일 수 있습니다. Shiba Inu는 가장 인기 있는 암호화폐 프로젝트 중 하나이며 레이어 2 네트워크는 3년 역사상 가장 큰 출시 중 하나입니다. 많은 팬과 사용자는 새로운 블록체인이 출시되면 토큰 가격이 크게 상승할 것으로 기대합니다.

Also Read: Shiba Inu More Popular Than Ethereum, Dogecoin in the U.S.

Another reason could be SHIB’s metaverse being possibly launched later this month during the Blockchain Futurist Conference, to be held in Toronto, Canada. SHIB’s metaverse adviser Marcie Jastrow is one of the speakers at the conference, and she has confirmed that the team is “two weeks away to show the world.”

또 다른 이유는 SHIB의 메타버스가 이달 말 캐나다 토론토에서 열리는 블록체인 미래학자 컨퍼런스 기간 동안 출시될 가능성이 있기 때문일 수 있습니다. SHIB의 메타버스 고문인 Marcie Jastrow는 컨퍼런스의 연사 중 한 명이며 팀이 "세계에 보여줄 수 있는 시간이 2주 남았습니다"라고 확인했습니다.

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