Shiba Inu's performance in May 2023 was lackluster, but on-chain data suggests that the cryptocurrency has been attracting new demand in recent weeks. This is a positive development after Shiba Inu lost market share to other meme coins in early May. The recent launch of Shiba Inu's cold wallet has rejuvenated the network's growth, which could impact the price in the coming days. The increase in new users joining the network and the supply shortage could trigger more price gains, with bulls targeting $0.000011. However, the price could slip into a bearish trend if it drops below the $0.000008 support zone.
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Shiba Inu (SHIB) Gains New Demand: Will it Drive Price Upward?
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Ethereum liquidity re-staking agreement TVL exceeds US$9.4 billion, of which Renzo TVL increased by 12.34% in 7 days
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GBTC had a net outflow of US$67 million yesterday, and IBIT had a net inflow of US$37.8 million
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Ethereum on-chain DEX transaction volume yesterday was $1.796 billion
According to DeFiLlama data, the trading volume of DEX on the Ethereum blockchain was 1.796 billion US dollars on April 22, ranking first. In addition, the trading volume of DEX on the Solana blockchain was 1.534 billion US dollars yesterday, ranking second; the trading volume of DEX on the BSC blockchain was 772.09 million US dollars yesterday, ranking third. -
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BlackRock's spot Bitcoin ETF has achieved net inflows for 70 consecutive days
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Toncoin market value exceeds US$17 billion
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