Shiba Inu

<ul><li>Lola sparks Shiba Inu debate, suggesting its role as Ethereum&#39;s native gas chain, highlighting the pivotal role of transaction volume in crypto revenue.</li><li>Bitcoin&#39;s monumental 91% surge to $73,777 triggers market optimism, fueling Shiba Inu&#39;s impressive 378% climb from $0.000009536 to $0.00004563.</li><li>Despite an 8.75% surge to $0.00002799, SHIB faces resistance, needing to breach $0.000034 for $0.00004, per IntoTheBlock.</li></ul>Renowned crypto analyst Lola has ignited a debate within the crypto community with recent insights shared in a post on the X platform. Lola&#39;s analysis delves into a comparison of Solana and Ethereum, suggesting a potential role for Shiba Inu (SHIB) as Ethereum&#39;s native gas chain. This proposal hinges on the notion that even with lowered gas fees, the volume of transactions on Ethereum would ultimately return, given its significant ecosystem.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6622d538199242b59d2a7b9afdd4bd07.png" />Lola emphasizes the significance of volume in generating revenue in the world of cryptocurrency. Ethereum has generated fees of <a href="https://defillama.com/chain/Ethereum" rel="noopener noreferrer nofollow">$1.65 million</a> in the past 24 hours, derived from a volume of $2 billion. However, Solana&#39;s <a href="https://defillama.com/chain/Solana" rel="noopener noreferrer nofollow">gas fees</a> are comparatively cheaper, which has attracted considerable attention. With a volume of $3 billion, Solana has accrued $3.82 million in fees, drawing both <a href="https://defillama.com/dexs/chains" rel="noopener noreferrer nofollow">meme gamblers</a> and traders.<a href="https://cryptotale.org/shib-role-in-eth-gas-chain-analyst-sparks-debate-amid-crypto-market-uncertainty/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

SHIB Role in ETH Gas Chain: Analyst Sparks Debate Amid Crypto Market Uncertainty

CryptoTale

Other articles published on Mar 18, 2024

Ethereum (ETH) Price Reversal Unlikely Soon As Majority Holders Still In Profit

Prominent Analyst Predicts 3 Cryptocurrencies Poised for 20x Returns Before Summer 2024

Toncoin Collaborates With Fireblocks And DWF Labs, Aptos Partners With Movement, New Project Ente...

Bitget Implements Zero Fee for BTC & ETH Spot Trading to Celebrate Crypto Milestones

SLERF and BOME Defy Market Trends with Stunning Valuation Surges

Crypto fund inflows hit new record, reaching $2.9b in week

Join our free newsletter for daily crypto updates!