Ethereum

Rally

Pepe

Read

Shiba Inu

<div class="coingape"> 
 <p>The second most prominent meme coin, down 2% on Monday, is trading at $0.00000795. If bulls fail to reclaim support at $0.000008, investors may want to start acclimatizing to losses extending to $0.000007 and $0.0000062 – lower buyer congestion areas.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1">
   <div class="advertised">
    <span class="ad-placeholder">advertisement</span>
   </div> 
  </div>  
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <h2 id="shibarium-relaunch-fails-to-trigger-shib-price-rally">Shibarium Relaunch Fails To Trigger SHIB Price Rally</h2> 
 <p>Shytoshi Kusama, SHIB’s lead network developer, has released updates on the new <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> layer 2 solutions protocol today. Following the mainnet’s launch the week before, the protocol encountered scalability issues, forcing developers to take it offline.</p> 
 <p>The developers spent the last week solving the scalability challenges and enhancing network security, culminating in reopening the bridge to Ethereum to allow for withdrawals to take place seamlessly.</p> 
 <p>Users on the platform can now freely withdraw various tokens, including SHIB, LEASH, and wrapped Ether (WEth). The pseudonymous developer said that withdrawals would be processed within a reasonable timeline of between 45 minutes and four hours.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path>
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/27/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp">
      <noscript>
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/27/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy">
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/27/fa6133ad6e87ee1c4776d3849180d46b.webp">
      <noscript>
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/27/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy">
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/27/f88de9f91a8c6b7926f52e209e8f697e.webp">
      <noscript>
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/27/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy">
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/27/472515f3ab5ae759f4e49d6afa8bc33a.webp">
      <noscript>
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/27/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy">
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/28/48cfebc8a0493db9937bed5dd005ee19.webp">
      <noscript>
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/28/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy">
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <p>Users withdrawing BONE, <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>’s native token will have to wait up to seven days. While this is a long time, that is the way the protocol was designed.</p> 
 <p>Shytoshi added that so far, the network has “accumulated over 65,000 wallets and 350,000 transactions.”</p>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>“Now that we’ve proven that all funds are safu (as we said) and that <a rel="dofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> is ready for prime time, we will reopen our channels,” Shytoshi said.</p> 
 <h2 id="what-s-next-for-shib-price">What’s Next For SHIB Price</h2> 
 <p>Shiba Inu&nbsp;has not flinched an inch in the bullish direction since the drop below $0.00001. Support at $0.000008 must hold steady for SHIB price to start collecting liquidity for a rebound.</p> 
 <p>However, with the crypto market in a mundane state, the path with the least resistance is downward, which brings the market participants’ attention to $0.00007 and $0.0000062.</p> 
 <figure id="attachment_157836" aria-describedby="caption-attachment-157836" style="width: 100%" class="wp-caption aligncenter">
  <img decoding="async" class="size-full wp-image-157836" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201231%20563'%3E%3C/svg%3E" alt="SHIB price below $0.000008" width="1231" height="563" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/28/6d345830738180a6b2f686253f856bdb.webp">
  <noscript>
   <img decoding="async" class="size-full wp-image-157836" src="https://cdn.thebittimes.com/images/2023/08/28/6d345830738180a6b2f686253f856bdb.webp" alt="SHIB price below $0.000008" width="1231" height="563">
  </noscript>
  <figcaption id="caption-attachment-157836" class="wp-caption-text">
   SHIB/USD price chart | Tradingview
  </figcaption>
 </figure> 
 <p>Based on the technical outlook of the Moving Average Convergence Divergence (MACD) indicator, with a sell signal sustained since mid-August, a recovery beyond $0.0001 is an unlikely outcome at least for now.</p> 
 <p>Short positions in SHIB will start to turn profitable if resistance at $0.000008 does not flip into support in the short term. If this happens, a sell-off may brew to allow sellers to book profits at $0.000007.</p> 
 <p>Extremely bearish traders may want to wait until Shiba Inu touches support at $0.0000062 before closing their bearish positions.</p> 
 <h3 id="related-articles">Related Articles</h3> 
 <ul> 
  <li>Binance Removes Cardano, MATIC, Pepe Coin, BTC &amp; 35 Other Liquidity Pools, What It Means?</li> 
  <li>ETH Price Drops Further Amidst Vitalik’s ETH Transfers, Is Below $1500 Coming?</li> 
  <li>Whales On Bears’ Side As XRP Price Risks Massive Fall, Here’s Why</li> 
 </ul> 
</div>    
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/shib-price-dumps-as-devs-reopen-shibarium-to-ethereum-bridge-tbt60646.html">https://thebittimes.com/shib-price-dumps-as-devs-reopen-shibarium-to-ethereum-bridge-tbt60646.html</a></p>

SHIB Price Dumps As Devs Reopen Shibarium to Ethereum Bridge

Table of Contents

TheBitTimes

Other articles published on Aug 28, 2023

Retention Challenges Plague Decentralized Social Platforms, According to Executives

PancakeSwap Burns 8.6M CAKE Post Expansion To Linea Network

Struggle Continues for Bitcoin as Price Breaks Key Support Level

PM Modi Advocates Global Framework for Crypto Regulation and Ethical AI at B20 Summit

Bitcoin Prospects Dim As BTC Bears Target $16k, Borroe A Top-Choice for High-Growth and Value Inv...

Aimedis’ AIMX token enters into a sustainable partnership with CoinW Exchange!

Join our free newsletter for daily crypto updates!