Shiba Inu

In the world of <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a>, <a href="https://finbold.com/buy-shiba-inu-with-paypal" rel="noopener noreferrer nofollow">Shiba Inu</a> (<a href="https://finbold.com/cryptocurrency/shiba-inu/" rel="noopener noreferrer nofollow">SHIB</a>) has been making noteworthy strides lately. It’s presently trading at $0.000008278, marking a 2.08% increase over the past day and a modest 0.2% rise over the week. Despite its meme origins, SHIB’s market capitalization has grown to an impressive $4.8 billion.Looking at its recent performance, SHIB appears to have found support around $0.00000762 while facing resistance around $0.000009. These levels provide insights into where the price might be headed.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/88e60ddf14e24f9db5f53fd20e111b71.jpg" />SHIB 1-day price analysis. Source: FinboldThe recent legal victory of Grayscale Investments against the U.S. Securities and Exchange Commission (SEC) has had a positive impact on the wider cryptocurrency market.The optimism around the possibility of a <a href="https://finbold.com/guide/what-is-bitcoin-etf/" rel="noopener noreferrer nofollow">Bitcoin exchange-traded fund</a> (<a href="https://finbold.com/etfs/" rel="noopener noreferrer nofollow">ETF</a>) led to a brief surge in <a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin’s</a> price, reaching as high as $28,000 after the announcement. Interestingly, SHIB also followed suit, benefiting from the improved overall market sentiment.<h2 id="header-0">Shibarium wallet addresses hit 300k</h2>A significant development within the SHIB ecosystem that could help see its price rise is the revival of Shibarium, a blockchain platform designed for Shiba Inu. Co-founder Shytoshi Kusama confirmed Shibarium’s return on August 28, resulting in an impressive influx of 35,000 new wallets within just one day, pushing the total user count beyond 100,000.Recent <a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">data</a> shows a remarkable growth in Shibarium adoption. Initial figures of 65,000 wallets and 350,000 transactions have seen a substantial increase of 370.9% and 48.6%, respectively, according to Shibariumscan.io.The blockchain now boasts 306,135 wallets facilitating over 520,117 transactions across 367,739 blocks, with a remarkably swift average block time of 5 seconds.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5721c42a3b81424aad62323b6f678b11.jpg" />The number of wallet addresses on Shibarium re-opening. Source: Shibarium ScanWith positive developments like the resurgence of Shibarium and the overall market optimism, the SHIB community and investors are eagerly looking ahead to what the future has in store.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

SHIB price prediction as Shibarium hits 300,000 wallet addresses

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