In a surprising turn of events, Shibarium, the layer 2 blockchain solution designed for the popular meme-inspired Shiba Inu (SHIB) cryptocurrency, has witnessed an extraordinary 80% increase in network activity overnight. in the morning. Data obtained from Shibariumscan indicates an unprecedented increase, with daily transactions skyrocketing from 1.07 million to a staggering 1.92 million.
In a surprising turn of events, Shibarium, the layer 2 blockchain solution designed for the popular meme-inspired Shiba Inu (SHIB) cryptocurrency, has witnessed an extraordinary 80% increase in network activity overnight. in the morning. Data obtained from Shibariumscan indicates an unprecedented increase, with daily transactions skyrocketing from 1.07 million to a staggering 1.92 million.
This sudden spike in network activity often indicates potential price fluctuations in the associated cryptocurrencies. Consequently, this rise aligns with sustained bullish momentum in SHIB price.
Shiba Inu (SHIB) Price Reaction
Over the past two partial weeks, SHIB has shown a notable increase of over 11.11%, rising from $0.0000088 to $0.0000098, which is an impressive 6.35% increase since the beginning of this week .
Currently valued at $0.0000098 per token, SHIB sits just 2% below the coveted $0.00001 threshold. With another succession of positive price movements represented by green candles on its price chart, the prospect of breaking through that symbolic zero is looking increasingly plausible for Shiba Inu.
These recent developments have injected a renewed sense of excitement into the meme-inspired cryptocurrency space. The looming question remains: will Shibarium’s surge in transactional activity maintain its momentum amid the current SHIB price rally?
The answer to this question remains uncertain, but one thing is evident: all eyes are firmly on Shiba Inu in the coming days, as both Shibarium and SHIB continue to capture the attention of enthusiasts around the world.
