Shiba

when

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Shibarium, the layer-2 blockchain associated with the meme-inspired cryptocurrency Shiba Inu (SHIB), has experienced a staggering surge of 128% in network activity. Data sourced from&nbsp;<a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">Shibariumscan</a> indicates a remarkable spike, with daily transactions soaring from 1.07 million to an impressive 2.44 million in just a span of two days.
This surge in network activity echoes previous instances where&nbsp;<a href="https://u.today/shiba-inu-this-indicator-reveals-why-shib-is-hot-to-new-investors" rel="noopener noreferrer nofollow">Shibarium</a> witnessed significant spikes, notably toward the end of 2023, when daily transactions peaked at nearly 7.5 million. Such exponential growth in network activity often hints at potential price fluctuations within the associated cryptocurrencies.&nbsp;
For instance, during the aforementioned period in late 2023, Shibarium's heightened activity coincided with a remarkable 71% rally in the price of SHIB. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="af3bba4c-63bd-4248-8a0c-eb192ea98436" src="https://u.today/sites/default/files/inline-images/shiba_5.png">Source: <a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">Shibariumscan</a>
<h2 id="shibarium-and-shib-price-correlation">Shibarium and SHIB price correlation</h2>
The current surge in Shibarium's activity aligns with a sustained upward trajectory in SHIB's price. Over the past fortnight, SHIB's value has surged by over 12%, escalating from $0.0000088 to $0.0000098. Notably, a 4% uptick was recorded in the past three days, coinciding perfectly with the 128% surge in Shibarium activity. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="0b47c633-9854-4515-9d1d-e7c756e10ec9" src="https://u.today/sites/default/files/inline-images/sb.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
At its current valuation of $0.0000098 per token,&nbsp;<a href="https://u.today/dogecoin-creator-denies-involvement-in-new-shiba-inu-inspired-project" rel="noopener noreferrer nofollow">SHIB</a> rests close to the coveted $0.00001 threshold, standing just a couple percent shy of this symbolic milestone. With a series of positive price movements symbolized by green candles on its price chart, the prospect of breaching this psychological barrier appears increasingly plausible for&nbsp;<a href="https://u.today/shiba-inu-blockchain-mystery-deepens-as-shibarium-anomaly-continues-with-41-spike" rel="noopener noreferrer nofollow">Shiba Inu</a>.
These recent developments within the Shiba Inu ecosystem are likely to reignite enthusiasm for this beloved crypto project. However, the critical question looms: will the surge in Shibarium's transactional activity sustain its momentum amid the ongoing&nbsp;<a href="https://u.today/shib-team-plans-to-burn-bone-and-all-other-top-shibarium-tokens-details" rel="noopener noreferrer nofollow">SHIB price</a> rally?&nbsp;
The answer to this remains uncertain, but what is undeniable is the heightened attention Shiba Inu will command in the days ahead, as both Shibarium and SHIB continue to go up in numbers.

Shiba Inu's Shibarium Skyrockets 128%: SHIB Price Surge Next?

Indice dei contenuti

U_Today

Altri articoli pubblicati su 19 feb 2024

Long-Term Commitment Shines in Bitcoin and Shiba Inu Investor Patterns

Crypto Market Cap’s Dance With $2 Trillion

Grayscale’s spot Bitcoin ETF GBTC outflows hit $7b

Bitcoin Holds Ground as Ethereum and AI-Enhanced Altcoins Surge

Can Avalanche (AVAX) and Aave (AAVE) catch up to Algotech’s (ALGT) shocking performance?

NEAR Protocol Price Analysis: Is Near Price Bouncing Back?

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!