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Growth on SHIB, XRP, and BAND Networks: A Sign of Shaky Futures? Maybe For the Short-Term

@brianq
1 min read
02.12.2024
BAND
XRP
SHIB


πŸ“ˆ Network growth is high amongst several altcoins right now. Notably, keep an eye on XRP Ledger, Shiba Inu, and Band. On Sunday alone, we saw...

πŸ“Œ XRP: 22,357 New Wallets
πŸ“Œ SHIB: 7,548 New Wallets
πŸ“Œ BAND: 35 New Wallets

All of these network growth spikes, relatively much higher than each project's normal rate, indicate a high level of crowd engagement, mixed with a fair bit of euphoria. In the short term, prices may be volatile due to increased retail engagement. However, long-term, it is a promising sign to see rising levels of utility on any asset's blockchain. πŸ‘

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