Shiba Inu

<ul><li>Shiba Inu&#39;s market cap hits $24.4B, securing a spot on Forbes&#39; top 10 crypto investments list for March 2024.</li><li>Shibarium, Shiba Inu&#39;s L2 network, sees a 60% increase in TVL, reaching a new high of $2.25M before a slight retraction.</li><li>Despite its meme-origin, Shiba Inu&#39;s price surge and Shibarium&#39;s growth garner mainstream attention and investment consideration.</li></ul>In a recent analysis by DefilLama, <a href="https://cryptotale.org/?s&#61;Shiba&#43;Inu" rel="noopener noreferrer nofollow">Shiba Inu</a>, a cryptocurrency that has previously been categorized by many as a meme coin, has demonstrated significant market resilience and growth, particularly in its layer-2 network, Shibarium. The total value locked (TVL) in Shibarium soared to an all-time high of $2.25 million on March 5, 2024, marking a noteworthy surge in usage and investment.This growth, however, experienced a temporary setback as the TVL and Shiba Inu&#39;s price faced a downturn. Amidst these fluctuations, Forbes has recognized Shiba Inu as a worthy investment, highlighting its potential amidst a bullish market.Shibarium, Shiba Inu’s layer-2 network, initially caught attention with a 60% increase in its TVL, peaking at $2.25 million. This peak coincided with a significant price rally of Shiba Inu, reaching above $0.000045, the highest in 27 months. The platform hosts a variety of decentralized exchanges, with Marswap and Chewyswap leading in terms of TVL. Despite a recent pullback to $1.75 million in TVL following a price correction of SHIB, the network&#39;s performance underscores the growing interest and investment in Shiba Inu&#39;s ecosystem.<a href="https://cryptotale.org/shiba-inus-price-surge-and-shibarium-network-growth-attract-attention/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Shiba Inu's Price Surge and Shibarium Network Growth Attract Attention

CryptoTale

Other articles published on Mar 11, 2024

Starknet Foundation creates Game Committee to attract developers

Harga Cardano (ADA) Diprediksi Meledak ke US$1,5, Ini Alasannya

Cardano (ADA) Sparks Optimism As Analyst Predicts A Bullish Rally To $3

HAYVN Rebirth: Richard Crook’s Confidence in Pioneering a Promising Future

Ultimate Guide: Starfield Platforms, Editions, Cloud Gaming

Blackrock Brings Ethereum ETF Enthusiast on Board to Focus on Crypto Offerings

Join our free newsletter for daily crypto updates!