Is SHIB price ready to clear zero? Shiba Inu’s 141% Shibarium Peak May Tell This

Is SHIB price ready to clear zero?  Shiba Inu's 141% Shibarium Peak May Tell This

In a surprising turn of events, Shiba Inu’s Layer-2 blockchain solution, Shibarium, has seen a phenomenal surge in transaction activity in the past 24 hours.

In a surprising turn of events, Shiba Inu’s Layer-2 blockchain solution, Shibarium, has seen a phenomenal surge in transaction activity in the past 24 hours.

Shibariumscan The data revealed an extraordinary increase, with the number of transactions processed skyrocketing from 4.37 million to a staggering 6.19 million, a staggering increase of over 141% in just one day.

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Fountain: Shibariumscan

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This unexpected surge comes at a crucial time for Shiba Inu, as the cryptocurrency had witnessed a decline in activity in recent weeks, with daily transactions falling from 7.52 million to less than 4.5 million since the end of 2023. , marking a low point that lasted more than a month.

However, the sudden surge in Shibarium trading activity has injected new life into the Shiba Inu ecosystem, leaving industry observers speculating about the future trajectory.

Is SHIB ready?

At the same time, the price of the native Shiba Inu token SHIB showed notable dynamics. Following an impressive rally of over 19% after a recent large-scale decline, SHIB managed to rally back to $0.00000984. While still far from a more attractive figure with only four zeros after the decimal point, this recovery raises questions about the possibility of SHIB erasing one of those zeros.

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SHIB to USD for CoinMarketCap

The focus now turns to whether this increase in Shibarium transactional activity is indicative of a sustained recovery or simply a short-term rally for Shiba Inu.

Related
Shiba Inu (SHIB) Price Adds Zero Amid Bloodbath in $500 Million Crypto Market

The community is eagerly waiting to see if the Shiba Inu token can regain its momentum amid renewed activity on Shibarium, raising the question: Is SHIB price ready to erase a zero?

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