Ethereum

Core

Dogecoin

Shiba Inu

Gains

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The week is gradually coming to an end, and most altcoins are exploring ways to wriggle out of their protracted losses over the trailing seven-day period. Shiba Inu (SHIB) is one of these ambitious altcoins, having <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">gained</a> a small 2.73% to push its price to $0.000009984 at the time of writing. Shiba Inu growth metrics appear to be on a bullish rampage, with odds the meme coin will end the week with very high gains. 
<img alt="SHIB CHART" data-entity-type="file" data-entity-uuid="c5f2953e-1fbd-4de0-9cf2-1cd06c8e2634" src="https://u.today/sites/default/files/inline-images/SHIB_1D_graph_coinmarketcap%20%287%29.jpeg">SHIB Price Chart. Source: <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
More Shiba Inu metrics bordering on the burn rate of the SHIB token are also on the positive side. <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">According</a> to data from Shibburn.com, a total of 63,567,363 SHIB tokens have been sent to dead wallets, representing a 1.27% surge overnight. The single largest burn transaction came in at 13.57 million SHIB tokens. 
The culmination of these positive triggers appears as a major booster for the second largest meme coin, whose growth has been somewhat erratic as the community gradually awaits the <a href="https://u.today/shib-eyes-300-spike-in-up-to-1-million-shiba-inu-transactions-as-shibarium-launch-nears" rel="noopener noreferrer nofollow">launch</a> of a new era that will be ushered in through Shibarium. The Shibarium Layer 2 network is a scaling solution built on Ethereum by the core Shiba Inu team led by Shytoshi Kusama. 
The smart contract network will be launched in just about a week at the Blockchain Futurist Conference. 
<h2 id="more-growth-triggers-for-shib">More growth triggers for SHIB</h2> 
In a bid to end the week on a positive note, Shiba Inu may also be drawing on the positive sentiment from the broader meme coin ecosystem, which appears to be <a href="https://u.today/shiba-inus-bone-jumps-as-shibarium-launch-to-land-in-one-week" rel="noopener noreferrer nofollow">highly bullish</a> today. While the tokens in the SHIB ecosystem are wriggling away from their losses, other tokens like Dogecoin (DOGE) and PEPE coin (PEPE) have also been on a <a href="https://u.today/pepe-successfully-recovers-despite-all-odds" rel="noopener noreferrer nofollow">positive growth trajectory</a> all week long. 
In the coming days, we may see investors price in the Shibarium launch event, a move that may fuel a rapid surge in the price of SHIB to new highs.

SHIB Might End Week in Gains as Core Metrics Turn Bullish

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