Shiba

Green

Shiba Inu

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
In a surprising turn of events, Shibarium, the Layer-2 blockchain solution designed for the popular meme-inspired cryptocurrency Shiba Inu (SHIB), has witnessed an extraordinary surge of 80% in network activity overnight. Data sourced from&nbsp;<a href="https://www.shibariumscan.io/">Shibariumscan</a> indicates an unprecedented spike, with daily transactions skyrocketing from 1.07 million to a staggering 1.92 million.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="ef0a5987-d865-43ad-9207-8e28b7d919b7" src="https://u.today/sites/default/files/inline-images/shiba_4.png">Source: <a href="https://www.shibariumscan.io/">Shibariumscan</a>
This sudden escalation in network activity often signals potential price fluctuations in associated cryptocurrencies. Correspondingly, this surge aligns with a sustained upward momentum in the price of SHIB.
<h2 id="shiba-inu-shib-price-reaction">Shiba Inu (SHIB) price reaction</h2>
Over the past two partial weeks, SHIB has showcased a remarkable increase of over 11.11%, ascending from $0.0000088 to $0.0000098, marking an impressive 6.35% rise since the commencement of this week.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="0e3bbf99-e134-4104-8c41-0fbd009abdab" src="https://u.today/sites/default/files/inline-images/shib_206.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/">CoinMarketCap</a>
Currently valued at $0.0000098 per token, SHIB sits just 2% below the coveted $0.00001 threshold. With another succession of positive price movements represented by green candles on its price chart, the prospect of surpassing that symbolic zero appears increasingly plausible for Shiba Inu.
These recent developments have injected a renewed sense of enthusiasm into the realm of meme-inspired cryptocurrencies. The looming question remains: Will Shibarium's surge in transaction activity sustain its momentum amid the ongoing SHIB price rally?
The answer to this query remains uncertain, but one thing is evident — all eyes are firmly fixed on Shiba Inu in the days ahead as both Shibarium and SHIB continue to capture the attention of enthusiasts worldwide.

Shiba Inu's Shibarium Skyrockets 80% as SHIB Price Shines Green

Table of Contents

U_Today

Other articles published on Feb 18, 2024

Top Dogecoin (DOGE) Competitor Expected to Multiply Investments Tenfold in the First Quarter of 2024

Ethereum and Binance Coin gains flow into Deestream as leap year boosts crypto

Can Generative AI Search Offer a Better Alternative to Google?

VanEck admits ETF marketing violation, agrees to SEC fine

Demand for $BTC is 10X the Supply; $GFOX Presale 98% Sold Out

Pepe Coin Whales Offload Holdings for New MEME Cryptocurrency

Join our free newsletter for daily crypto updates!