Shiba Inu Faces Adoption Dip, Yet BONE Token Seen as Mirroring XRP, ADA Success
- Shiba Inu’s BONE token has faced slow adoption despite efforts to grow its ecosystem.
- Lucie, a Shiba Inu marketer, compares BONE to XRP and ADA’s early years of low performance.
- XRP and ADA both experienced significant surges after years of slow growth.
Shiba Inu (SHIB), initially popularized as a meme coin after Dogecoin’s (DOGE) 2021 price gains, has matured into a community-led project.
To support growth, Shiba Inu had introduced tokens like Bone ShibaSwap (BONE) to support its ShibaSwap decentralized exchange (DEX); however, the Shiba Inu ecosystem and BONE have not achieved the anticipated rate of user growth.
Shiba Inu’s User Acquisition Metric Hits New Low
Data from IntoTheBlock indicates a downturn in new user adoption within the Shiba Inu ecosystem.
This metric decreased to a multi-year low in February, reaching 12.73%. This figure marks the lowest rate of new adoption in almost two years, with a previous low of 5.20% occurring in March 2023.
Related: Meme Coin Meltdown? Shiba Inu Hints at Market Turnaround
Community Perspective: BONE Token Could Mirror Past Crypto Success
Despite data showing slower adoption, Shiba Inu content…
The post Shiba Inu Faces Adoption Dip, Yet BONE Token Seen as Mirroring XRP, ADA Success appeared first on Coin Edition.
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Shiba Inu Faces Adoption Dip, Yet BONE Token Seen as Mirroring XRP, ADA Success
- Shiba Inu’s BONE token has faced slow adoption despite efforts to grow its ecosystem.
- Lucie, a Shiba Inu marketer, compares BONE to XRP and ADA’s early years of low performance.
- XRP and ADA both experienced significant surges after years of slow growth.
Shiba Inu (SHIB), initially popularized as a meme coin after Dogecoin’s (DOGE) 2021 price gains, has matured into a community-led project.
To support growth, Shiba Inu had introduced tokens like Bone ShibaSwap (BONE) to support its ShibaSwap decentralized exchange (DEX); however, the Shiba Inu ecosystem and BONE have not achieved the anticipated rate of user growth.
Shiba Inu’s User Acquisition Metric Hits New Low
Data from IntoTheBlock indicates a downturn in new user adoption within the Shiba Inu ecosystem.
This metric decreased to a multi-year low in February, reaching 12.73%. This figure marks the lowest rate of new adoption in almost two years, with a previous low of 5.20% occurring in March 2023.
Related: Meme Coin Meltdown? Shiba Inu Hints at Market Turnaround
Community Perspective: BONE Token Could Mirror Past Crypto Success
Despite data showing slower adoption, Shiba Inu content…
The post Shiba Inu Faces Adoption Dip, Yet BONE Token Seen as Mirroring XRP, ADA Success appeared first on Coin Edition.
Read More
Massive TRUMP Token Unlock Sparks Fears as 45% of Supply Hits Market