, experienced a surge in transactions, reaching an all-time high since its restart. Nevertheless, this initial excitement appears to have waned somewhat. Has this had any impact on SHIB’s price trend?Following its restart after an initial setback,Data from itsindicated a consistent upward trend, with daily transactions peaking at over 200,000 on 11 September. However, at the time of this update, the transaction volume had slightly decreased to approximately 183,000.
Furthermore, the scanner reported that the cumulative number of transactions on the platform had surpassed 2.6 million, and the total number of wallets had exceeded 1.2 million.Over the last 24 hours, Shiba Inu’s native token SHIB experienced a significant decrease in its burn rate.Furthermore, over the past 24 hours, an impressive 31 millionShiba Inu’s addresses become less activeindicated a consistent decline in active user engagement.
As of this writing, the RSI remained below 40, indicating a bearish sentiment. Nevertheless, there were signs of an emerging uptrend in the indicator.
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