Shiba

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a significant development, Shiba Inu's blockchain platform,&nbsp;<a href="https://u.today/shib-community-stunned-by-elon-musk-ai-bot-grok-revelation-on-shibarium" rel="noopener noreferrer nofollow">Shibarium</a>, has witnessed a remarkable surge in activity. Over the past 24 hours, the number of active accounts engaged in transactions on Shibarium soared to 732, marking a staggering 50% increase compared to the previous day.&nbsp;
This surge, notably, seems to be predominantly driven by the heightened participation of established Shibarium accounts rather than a surge in new registrations, according to&nbsp;<a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">Shibariumscan</a> data.
As of the latest data, the total tally of accounts within the Shibarium ecosystem stands impressively at 63,681, accompanied by a substantial 1.351 million total addresses. The daily transaction volume on the network has also seen a robust figure of 2.04 million, underscoring the growing vibrancy of Shibarium. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="9d5750af-cbbf-4f0e-80d4-e8fb8d104308" src="https://u.today/sites/default/files/inline-images/shibur.png">Source: <a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">Shibariumscan</a>
Interestingly, this surge in Shibarium activity coincides with notable price movements of the&nbsp;<a href="https://u.today/shiba-inu-is-about-to-break-13-trillion-shib-resistance" rel="noopener noreferrer nofollow">Shiba Inu</a> token itself.&nbsp;
<h2 dir="ltr" id="shiba-inu-shib-price-outlook">Shiba Inu (SHIB) price outlook</h2>
Over the same 24-hour period, the token experienced a sell-off, trading at $0.00000965 per token following a recent 8.9% rally observed in the preceding week. This downward movement resulted in a 4.1% decline in the&nbsp;<a href="https://u.today/shiba-inus-shibarium-skyrockets-375-as-shib-price-teases-000001" rel="noopener noreferrer nofollow">SHIB</a> price.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="139d0965-1f10-4d00-bfcc-bcfb7c74bfa3" src="https://u.today/sites/default/files/inline-images/shibar_1.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
However, it is worth noting that SHIB found crucial support around the $0.0000092 mark, suggesting a potential stabilization point for the meme-inspired cryptocurrency.
Despite the recent price decline, optimism remains among SHIB investors as the token aims to consolidate around its support zone, potentially paving the way for renewed upward momentum. With the crypto market eagerly watching, SHIB finds itself at yet another crucial juncture, continuing to captivate the attention of enthusiasts and investors.

Shiba Inu Sees 50% Surge in Shibarium Activity as SHIB Price Finds Key Support

Table of Contents

U_Today

Other articles published on Feb 12, 2024

Getting Started With Staking On Cryptology.com

MANTRA (OM) Doubles in Price: Targets 25% Jump

Microsoft Joins Forces with Media Leaders to Promote AI Journalism

DogeCoin Drops Out of Top 10 Cryptocurrencies!

$3.5 Million and Counting – Here’s Why Investors are Going Crazy for $SCORP’s Token Presale

Bitcoin Nears $50K Mark, Surges for the 7th Consecutive Day: Report

Join our free newsletter for daily crypto updates!