Shiba's 300% growth in attracting new users; The price of SHIB is ready to rise?!

Shiba Ino (SHIB), which is a reminder of the high volatility of the meme coin market in the past, has taken a neutral state in July 2023. However, Shiba Ino's new user acquisition statistics could indicate an imminent price breakout for this popular meme coin.

The price of Shiba has experienced different changes in recent weeks. However, a series of new changes to the Shiba network seem to have yielded tangible results.

due to the launch of Shiba cold wallet and the development of Shibarium, Shiba Ino community is growing at an unprecedented speed. Since the sharp price drop in the first quarter, the Sheba network's growth started to pick up again in late May 2023, Anchin's data shows