ShibaInu secures bullish momentum, but is it short-lived?
The LunarCrush findings reflected some of Shiba Inu’s metrics. For example, it maintained healthy social dominance and has been quite active during the last four weeks. Similarly, investor confidence has been on the rise judging by the steady uptick in its weighted sentiment.Shiba Inu’s ranking and network performance also reflects the state of its native token.
As noted earlier, there has been a slowdown in activity across the crypto market. However, this may not have had as much of an impact on Shiba Inu, especially when we consider that SHIB managed to rally even though the number of active addresses dropped considerably.The last 24 hours were characterized by a surge in daily active addresses after previously dropping to its lowest level in the last four weeks.
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