After a tepid start to February, the mega meme coin industry has finally joined the ranks of the cryptocurrency market. PEPE and BONK topped the list of gainers this week with triple-digit gains.
As you can see from the chart, SHIB** also joined the market rally this week, surging 55% between February 25 and February 29. But compared to 170% PEPE and 106% BONN, SHIB's still appeared. Poor performance.
Typically, when an industry enters a major breakout, as observed in memecoin this week, strategic investors may focus on assets that are currently underperforming the market average. This puts the SHIB token in a strong position to attract more capital inflows in the coming weeks as investors look for opportunities to participate in the MemeCoin market**.
The increase in activity on the SHIB platform is indicative of its growing usage, with 1.35 million wallet addresses currently recorded and an average of 2.46 million daily transactions under management. The platform's technical specifications, including a block time of around 5 seconds and minimal gas fees, highlight its ability to efficiently process a large number of transactions while keeping user costs low.
At the same time, SHIB also crossed another milestone of surpassing 3 million blocks, a testament to its robust architecture and growing developer interest, which is reflected in the platform's support for 15,004 contracts. SHIB has processed more than 3326130,000 transactions and holds a variety of 8,979 tokens.
The future performance surrounding SHIB is there for all to see, and the SHIB team's desire to complete all relevant projects in 2025 reinforces this optimistic outlook. With the hard work of the project team, more and more users are pouring into SHIB, and the future increase will be more than tenfold!
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