Shiba

Shiba Inu

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shiba-inu-coin-jumps-to-monthly-high-as-investment-soars" rel="noopener noreferrer nofollow">Shiba Inu Coin Jumps to Monthly High as Investment Soars</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/bastion-appoints-caroline-friedman-as-chief-operating-officer" rel="noopener noreferrer nofollow">cryptocurrency</a> Shiba Inu (SHIB) has registered a substantial increase, coinciding with <a href="https://en.bitcoinhaber.net/bitcoin-experiences-quick-price-swing-startling-the-market" rel="noopener noreferrer nofollow">Bitcoin</a>‘s brief breach of the $64,000 mark, a milestone not seen for over two years. The memecoin reached a multiple-month peak of $0.00001473, concluding its sixth straight day of gains since February 24th with positive movement.</p>
<h2 id="wallets-heap-up-on-shiba-inu-amid-price-surge">Wallets Heap Up on Shiba Inu Amid Price Surge</h2>
<p style="text-align: justify">The price of SHIB soared by 25% in the last 24 hours, trading at $0.00001365. Concurrently, its trading volume rocketed by 114%, amassing a staggering $2 billion. On-chain analytics reveal a burgeoning investor interest in SHIB, noting substantial purchases by 86,470 wallet addresses within the $0.000013 to $0.000019 price range, amassing an average of $0.000016. These addresses acquired a combined total of 415.67 trillion SHIB.</p>
<p style="text-align: justify">Data from IntoTheBlock highlights a dramatic 700% uptick in SHIB’s large transaction volumes, indicating that the price spike is accompanied by significant investments from high-net-worth individuals.</p>
<h2 id="launch-of-a-new-privacy-centric-network-for-shiba-inu">Launch of a New Privacy-Centric Network for Shiba Inu</h2>
<p style="text-align: justify">In another development that catalyzed investor enthusiasm, the Shiba Inu community has unveiled plans for a privacy-centric network on Shibarium, a Layer 2 solution. This initiative seeks to bolster SHIB’s allure as more than just a memecoin. Partnering with cryptography firm Zama, Shiba Inu’s team plans to implement Fully Homomorphic Encryption (FHE) to allow developers to work with encrypted data without exposing sensitive information.</p>
<p style="text-align: justify">The creation of this privacy-centric network underscores Shiba Inu’s commitment to innovation and its aspiration to elevate SHIB’s status in the crypto ecosystem by integrating cutting-edge <a href="https://en.bitcoinhaber.net/china-intensifies-action-against-cryptocurrency-related-fraud" rel="noopener noreferrer nofollow">security</a> and privacy functionalities.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/shiba-inu-coin-jumps-to-monthly-high-as-investment-soars" rel="noopener noreferrer nofollow">Shiba Inu Coin Jumps to Monthly High as Investment Soars</a></h5>

Shiba Inu Coin Jumps to Monthly High as Investment Soars

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