Ethereum

Shiba Inu

Coin

<ul class="news-points"><li>The hype surrounding Shibarium was supposed to boost SHIB’s price, but the opposite happened.</li><li>Over the past 24 hours alone, SHIB’s price decreased by more than 6%, which left it trading at $0.000009225.</li><li>From a technical standpoint, SHIB was resting on the key support level at $0.00000915 at press time.</li></ul><a href="https://coinedition.com/tag/shiba-Inu-SHIB/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> was able to claim a spot on CoinMarketCap’s trending list, but not for the reason most traders were hoping for. Despite the launch of SHIB’s highly-anticipated Shibarium network, the meme coin suffered a substantial loss during the past day of trading.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote class="twitter-tweet"><a href="https://twitter.com/hashtag/PeckShieldAlert?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PeckShieldAlert</a><a href="https://twitter.com/hashtag/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Shibarium</a><a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShibaInu</a><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> has dropped -7% <a href="https://t.co/rHUTBj6E8q" rel="noopener noreferrer nofollow">pic.twitter.com/rHUTBj6E8q</a>— PeckShield <a href="https://twitter.com/PeckShieldAlert/status/1692068068309242094?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 17, 2023</a></blockquote></div></figure>Shibarium is the project’s most anticipated effort to broaden the meme coin’s influence by integrating with an Ethereum Layer 2 solution. This is predicted to enable the attraction of a larger user base and increased investment within the ecosystem.Shifting from Shiba Inu’s current L1 chain to Shibarium has the potential to attract a larger user base. Additionally, the mainnet launch of Shibarium will encourage the utilization of dog-themed …The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/shibarium-fails-to-boost-shibs-price-meme-coin-down-6/">Shibarium Fails To Boost SHIB’s Price, Meme Coin Down 6+%</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Shibarium Fails To Boost SHIB’s Price, Meme Coin Down 6+%

Coin Edition

Other articles published on Aug 17, 2023

Korea and Japan Collaborate to Develop Accounting Standards for Virtual Assets

DEPUTY MAYOR OF LONDON AND THE ECONOMIC SECRETARY TO THE TREASURY HEADLINE IMPRESSIVE SPEAKER LIN...

Bloomberg Analyst Says Bitcoin Era of Huge Swings Over, As Volatility Declines

Tether Ceases USDT Issuance on Kusama, Bitcoin Omni!

CNBC Contributor Says Bitcoin Could Spike More Than $150K If SEC Approves Spot Bitcoin ETF

Tom Lee expects Bitcoin at $150k with spot ETF approvals

Join our free newsletter for daily crypto updates!