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Shiba Inu: Million Users = MOON?

BBG News

Hark! The Shiba Inu, once a darling of the digital stage, now finds itself in a lamentable state. 🎭 Its price, alas, hath failed to ascend to any notable heights these past two months, a tragedy which hath coincided with a most grievous decline in the number of daily active addresses, plunging to depths unseen in a year! 📉 ‘Tis a clear sign that the fickle winds of market interest are blowing elsewhere. But hold! What if, by some stroke of fortune or perhaps divine intervention, the market sentiment were to shift, turning frowns upside down, and the number of daily active addresses were to swell to a glorious one million? Let us delve into this fantastical notion with the keenest of wits and the sharpest of tongues! 🤔

Shiba Inu Price in Dire Straits as Daily Usage Plummets! 📉

Data, that most unforgiving of mistresses, from Santiment reveals a most precipitous drop in the daily activity surrounding our canine friend. At this very moment, a mere 3,220 souls deign to interact with SHIB daily, a pittance compared to the year-to-date high of 8,509. 😭 Such a decline! One might weep! Or, perhaps, pen a scathing satire. ✍️

Ah, but let us not forget the halcyon days of May 2021, when the number of active SHIB addresses peaked at a staggering 60,496! ‘Twas then that the benevolent Ethereum founder, Vitalik Buterin, in a gesture most grand, burned over 400 trillion SHIB tokens, sent to him by the coin’s ambitious creators. 🔥 This act of immolation, noble or mad, depending on one’s perspective, ignited market interest like a powder keg!💥

Alas, such heights were not to last! Shortly after this surge, the Shiba Inu price reached its zenith, a dizzying $0.0000884. But since then, oh, the fall! SHIB hath plummeted by a calamitous 84%, with active addresses dwindling nearly 20-fold from that glorious peak. 📉 Such is the cruel fate of meme coins, beloved one moment, forgotten the next. 💔

This data, plain as the nose on one’s face, doth reveal a simple truth: when many frolic with SHIB daily, its price doth rise; when few bother, it doth sink faster than a lead zeppelin. 🎈

To What Lofty Heights Might SHIB Soar If 1 Million Souls Used It Daily? 🚀

Imagine, if you will, a world where one million souls actively engage with Shiba Inu each day! Such a surge would surely unleash a parabolic price rally, a veritable rocket ship to the moon! 🌙 This massive usage would signal market interest so intense, network activity so frenzied, that a price recovery would be all but inevitable. Or so the optimists would have us believe. 🤔

According to the esteemed Grok3 (a name that doth inspire confidence, does it not?), a surge in active addresses would mirror the hype of 2021, propelling SHIB past the formidable resistance of $0.0001! Huzzah! 🎉 As Grok3 himself hath declared:

“If the price scales proportionally to the address increase from the 2021 peak (16.7x from 60,000), the price could theoretically approach ~$0.0002 (16.7 * $0.000012).” 💰

This prediction, audacious as it may seem, is not entirely without merit. It would bestow upon SHIB a market capitalization of $117 billion, assuming the supply remains fixed at the current 589 trillion. A sum that would make even Midas himself blush! 😳

Meanwhile, the sagacious DeepSeek (another name that doth reek of trustworthiness!) suggests that one million daily active addresses, coupled with mass adoption, could see Shiba Inu rally to $0.0001. A more modest target, perhaps, but still a considerable improvement over its current plight. 📈

Yet, let us not be swept away by such fantastical notions! While these price targets may be theoretically achievable, the likelihood of attaining one million daily active addresses is, shall we say, slim. For even Bitcoin, the king of cryptocurrencies, boasts a mere 415,000 daily active addresses, with a peak of 1.36 million recorded in 2021. Thus, Shiba Inu would require more retail and institutional interest than BTC itself to reach this vaunted milestone. A tall order indeed! 😫

A Glimpse into the Technical Tea Leaves of Shiba Inu ☕

The weekly price chart, that oracle of financial fortune, reveals that Shiba Inu is teetering on the brink of a key demand zone, a place where, in times past, it hath found the strength to bounce back with vigor. Should SHIB once again enter this zone and spark an uptrend, it might just waltz its way to the next resistance at $0.000019. A glimmer of hope, perhaps? ✨

The next critical levels to watch are $0.000026 and $0.000032. Should Shiba Inu manage to breach these formidable barriers, an upswing to new record highs could be on the cards! But alas, the Relative Strength Index (RSI) languishes at 38, a sign that bearish trends are currently holding sway. Unless buyers return to the market with pockets overflowing, SHIB will likely continue its current stagnation. 😴

In summation, a surge in daily active addresses to one million would undoubtedly fuel a parabolic rally for SHIB, potentially reaching the dizzying heights of $0.0002. However, such a surge would necessitate massive adoption from both retail and institutional investors, a feat that may prove as elusive as a unicorn riding a bicycle. 🦄🚲 Only time, and the whims of the market, will tell! ⏳

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2025-04-15 17:39

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