Revive

Kusama

Shiba Inu

<div class="watcher-guru"> 
 <p>Shiba Inu has rallied 4% in the last 24 hours, making it the third-best-performing crypto among the top 100 projects. SHIB is trailing Near Protocol (NEAR) with 5.8% gains and Sui (SUI) with 5.3% gains in the same time frame. However, despite the recent rally, SHIB is still down 16% over the previous week.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="179" src="https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp" alt="" class="wp-image-108274" srcset="https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp 1024w, https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp 300w, https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp 768w, https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp 1536w, https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp 2048w, https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp 380w, https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp 550w, https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp 800w, https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp 1160w, https://cdn.thebittimes.com/images/2023/08/23/a7cec8faa1fcac4c9e687862b5529229.webp 2618w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: CoinGecko 
  </figcaption> 
 </figure> 
 <p>SHIB’s latest rally can be attributed to new developments on the Shibarium network. The project’s layer-2 network had to be paused due to high traffic, leading to technical difficulties. However, lead developer Shytoshi Kusama revealed yesterday that the network has been enhanced and is “ready” to go live. Moreover, Kusama said that additional validators would go live today, giving users more options to stake their BONE tokens.</p> 
 <p><strong>Also Read: Shiba Inu: Shibarium Achieves “Ready” State After Additional Tests</strong></p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <p>The Shiba Inu (SHIB) team also released the “Genesis of the Shiba State” paper. This document encompasses every aspect of the SHIB project. However, the current rally will be shortlived as the larger crypto market is still in a slump, and SHIB might see another correction soon.</p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <h3 class="wp-block-heading" id="h-how-many-tokens-are-needed-to-be-a-shiba-inu-millionaire">How many tokens are needed to be a Shiba Inu millionaire?</h3> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/08/23/a7414527281c4099655c0605e310d46f.webp" alt="Shiba inu" class="wp-image-107579" srcset="https://cdn.thebittimes.com/images/2023/08/23/a7414527281c4099655c0605e310d46f.webp 1024w, https://cdn.thebittimes.com/images/2023/08/23/a7414527281c4099655c0605e310d46f.webp 300w, https://cdn.thebittimes.com/images/2023/08/23/a7414527281c4099655c0605e310d46f.webp 768w, https://cdn.thebittimes.com/images/2023/08/23/a7414527281c4099655c0605e310d46f.webp 1536w, https://cdn.thebittimes.com/images/2023/08/23/a7414527281c4099655c0605e310d46f.webp 380w, https://cdn.thebittimes.com/images/2023/08/23/a7414527281c4099655c0605e310d46f.webp 550w, https://cdn.thebittimes.com/images/2023/08/23/a7414527281c4099655c0605e310d46f.webp 800w, https://cdn.thebittimes.com/images/2023/08/23/a7414527281c4099655c0605e310d46f.webp 1160w, https://cdn.thebittimes.com/images/2023/08/23/a7414527281c4099655c0605e310d46f.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source – Forbes 
  </figcaption> 
 </figure> 
 <p>Despite the gains made in the last 24 hours, SHIB is still on a bearish trajectory in the big picture. The lower prices provide a good opportunity for new investors to buy into the asset.</p> 
 <p><strong>Also Read: Shiba Inu: Is the SHIB Army Trying To Revive the Network?</strong></p> 
 <p>An investor can purchase 1 million SHIB tokens for a mere $8.32, becoming a SHIB millionaire. And with $832, an investor can purchase 100 million SHIB tokens. If Shiba Inu (SHIB) were to reach its all-time high of $0.00008616, the $8.32 investment would turn into $86.16, while the $832 investment would turn into $8616, a profit of about 935%. At press time, SHIB was trading at $0.00000832, down by 0.3% in the last hour.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>shiba inu</li> 
 </ul> 
</div>

Shiba Inu Is Currently the 3rd Best Performing Among the Top 100

Table of Contents

TheBitTimes

Other articles published on Aug 23, 2023

Peretas Kirim Crypto Curian ke Binance, Bybit dan OKX Sebesar US$757 Ribu

Traders Turn Attention to Altcoins As Bitcoin Hype Normalizes: Santiment Report

Terra and Luna Just Won’t Go Away, What is Driving Investor Interest This Time?

Avalanche (AVAX) Drops, Ethereum (ETH) Suffers, but VC Spectra (SPCT) Stands Strong

Alibaba Cloud, Huawei Join China’s New Blockchain Data Exchange

Advanced Micro Devices, Inc: Will AMD Stock Reach $130 Mark?

Join our free newsletter for daily crypto updates!