Shiba Inu's Shibarium Skyrockets 375% as SHIB Price Soar Towards $0.00001
Latest News News

Shiba Inu’s Shibarium Skyrockets 375% as SHIB Price Soar Towards $0.00001

Shibarium has lit up Shiba Inu scene, skyrocketing 375% in network activity, while SHIB price soar towards the $0.00001 milestone.

In a whirlwind turn of events, Shibarium, the Layer-2 blockchain solution for Shiba Inu, has experienced an astonishing surge of 375% in network activity overnight. 

Data from Shibariumscan reveals an unprecedented rise, with new transactions soaring from half a million on Feb. 9 to nearly 2 million on Feb. 10.

Such rapid escalation in network activity often hints at potential price fluctuations in associated cryptocurrencies. 

Correspondingly, this surge coincides with a sustained upward momentum in the price of Shiba Inu (SHIB). 

Following a period of subdued trading and declining volatility since late January, the SHIB token has witnessed a notable surge, registering an impressive 8% increase in just five days.

See Also: This Week in Coins: Bitcoin and Solana Jump, Rest of Crypto Market Rises

The anticipation surrounding the surge in Shiba Inu’s quotes was palpable. 

Following a brief accumulation phase, the market decisively leaned toward the bullish side, propelling the price of the SHIB token accordingly.

Shiba Inu (SHIB) Price Outlook

Currently valued at $0.0000095 per token, SHIB hovers just over 5% below the coveted $0.00001 mark. With another leg of green candles on its price chart, the path to erasing that zero seems within reach for Shiba Inu.

SHIB Price Chart | Source: Coinstats


The recent developments have injected newfound excitement into the world of meme-inspired cryptocurrencies. 

The question looms: Will Shibarium’s surge in transaction activity sustain its momentum alongside the recent SHIB price rally? 

The answer remains uncertain, but one thing is clear — all eyes are on Shiba Inu in the days to come.

Disclaimer: The information provided is not trading nor financial advice. holds no liability for any trading or investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any trading or investment decisions.

#Binance #WRITE2EARN

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.