Ethereum

Show

Simply

Shiba Inu

Cosmos

<p>One week after resolving a problematic launch, the Shibarium network demonstrates signs of resilience and growing user engagement. Recent data reflects increased activity, token withdrawals, and even mysterious whale movements, painting a complex picture of this nascent blockchain.</p> 
<p>A week into its corrected launch, Shibarium has attracted some 600,000 wallets conducting over 700,000 transactions. Despite initial setbacks due to software glitches that temporarily left millions of dollars stranded, the network is rapidly gaining traction. Users can now withdraw tokens via the Shibarium bridge, a feature that had been eagerly awaited since the platform’s bug-riddled debut.</p> 
<p>On August 31 alone, the network recorded nearly 100,000 transactions, according to data from blockchain explorers. The peak activity was observed on August 25, with a staggering 132,000 transactions. These numbers indicate a growing user base willing to engage with the platform’s offerings like token swaps, lending, borrowing, and staking opportunities in tokens such as <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">SHIB</a> and BONE.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="175" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-4-1024x175.png" alt="" class="wp-image-326438" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-4-1024x175.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-4-300x51.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-4-765x131.png 765w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-4-1536x263.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-4-2048x351.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-4-876x150.png 876w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-4-100x17.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-4-2043x350.png 2043w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-4-788x134.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-4.png 648w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<h2 class="wp-block-heading" id="value-locked-on-shibarium-a-closer-look">Value Locked on Shibarium: A Closer Look</h2> 
<p>Currently, the total value locked (TVL) in Shibarium stands at a modest $1.26 million. Though seemingly low, it is essential to put this in context. This sum represents less than 1% of the whopping $35 billion locked across various crypto ecosystems. The relatively modest TVL suggests that while Shibarium has succeeded in drawing users, the average capital deployed to this Layer 2 network remains conservative.</p> 
<p>In a separate but intriguing development, an unknown “SHIB whale”—a term for a large asset holder—moved nearly $38 million worth of SHIB tokens early Friday. The whale conducted an initial transaction of $160,000 in SHIB, followed by a massive $37.4 million transfer, both to a new Ethereum wallet. Such large-scale movements can be significant indicators; a transfer to an exchange might foretell selling pressure, while transfers to DeFi platforms could hint at growth for the respective tokens.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label">
    Trade on US-Banned Exchanges With No KYC 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;"> 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>Tired of missing hot new listings because your favorite exchange is banned in the US? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>With <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a> you can finally trade on Kucoin, ByBit and more without registration or KYC! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
    <p>Simply connect your wallet to access every coin. No VPN needed.</p> 
    <p>Seamlessly bridge between EVM, Solana, Cosmos and 100+ chains. Discover the next crypto gem with low fees.</p> 
    <p>Take your trading to the next level with:</p> 
    <ul> 
     <li>Instant access to banned CEXs <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6ab.png" alt="🚫" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>No KYC required <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f645-200d-2642-fe0f.png" alt="🙅‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"></li> 
     <li>Trade on your terms – no registration required</li> 
     <li>Maintain full custody – tokens stay in your wallet</li> 
     <li>Access liquidity across leading DEXs and CEXs</li> 
     <li>Bridge assets quickly between any blockchain</li> 
    </ul> 
    <p>Escape CEX limits today with <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Rocketxchange" href="https://captainaltcoin.com/go/rocketxchange/" data-shortcode="true">RocketXchange</a>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<h2 class="wp-block-heading" id="market-trends-shib-performance">Market Trends: SHIB Performance</h2> 
<p>In market terms, SHIB tokens observed a 2.42% dip in the last 24 hours, aligning with a broader downturn in the cryptocurrency market. While it’s too early to deduce long-term implications from this, tracking these metrics remains crucial for traders and investors.</p> 
<p>Shiba Inu has lost it’s crucial support at $0.000008 and the coin is now trading below this level after 3% decrease in price today. The next support zone is at $0.0000055 and bears now target this level. The MACD Line is positioned below the MACD Signal Line, indicating bearish momentum. (you can explain here what is MACD Line and MACD Signal Line)</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="454" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-5-1024x454.png" alt="" class="wp-image-326456" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-5-1024x454.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-5-300x133.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-5-767x340.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-5-1536x681.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-5-2048x907.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-5-339x150.png 339w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-5-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-5-790x350.png 790w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-5-788x349.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-5.png 720w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p>Shiba seems to have created a diametric that is now finishing the F branch. Branch G can be dwarfed and end up in the red box. Shib broke its upward trangle. We love this coin long-term but will have a drop this week because of overal market fearness. Take profit at these levels and move stop loss. Market entree if your not already in take account of the stoploss.</p> 
<p>Shibarium has shown a strong capacity for recovery and growth despite its troubled launch. With daily transaction numbers on the rise and token functionalities now fully operational, the platform has overcome initial setbacks. However, as the mystery of the SHIB whale and relatively low TVL show, Shibarium remains a complex and evolving landscape that requires careful monitoring.</p> 
<p><em>Join us on <strong><a href="https://twitter.com/intent/follow?screen_name=captainaltcoin" data-type="link" data-id="https://twitter.com/intent/follow?screen_name=captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Twitter</a></strong> and <strong><a rel="noopener noreferrer nofollow" href="https://www.facebook.com/captainaltcoin" target="_blank">Facebook</a> </strong>for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a href="https://captainaltcoin.com/tag/news/" target="_blank" rel="noopener noreferrer nofollow">news section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="link" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noopener noreferrer nofollow">price predictions</a>.</strong></em></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/shibarium-rebounds-after-rocky-debut-but-this-bounceback-cant-save-shib-as-price-slips-below-pivotal-support/">Shibarium Rebounds After Rocky Debut, But This Bounceback Can’t Save SHIB as Price Slips Below Pivotal Support</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Shibarium Rebounds After Rocky Debut, But This Bounceback Can’t Save SHIB as Price Slips Below Pivotal Support

Spis treści

CaptainAltcoin

Inne artykuły opublikowane 1 wrz 2023

BlackRock’s Bitcoin ETF in Limbo: What’s Behind the SEC’s Latest Delay?

Robinhood Agrees $600 Million Buyback of Seized Sam Bankman-Fried HOOD Stake From US Marshal Service

Ron DeSantis' Crypto Campaign Donations Delayed by Hurricane

New XRP Token, XRP+, Goes Live, Can It Compete with Ethereum (ETH) and VC Spectra (SPCT)?

Stablecoin Protocol Prisma Finance Live on Ethereum Mainnet, to Launch $PRISMA Token

Ethereum Staking Providers Champion Decentralization with a 22% Cap: Here’s Why

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!