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In what is certainly a remarkable development for the ecosystem, Shiba Inu (SHIB) layer-2 blockchain network Shibarium has seen its new accounts surge 621% over the last 24 hours alone. Indeed, Shibairumscan shows that the new accounts on the platform grew from 33 to more than 200 in just one day. In total, Shibaium Features more than 63,000 total accounts on the Layer 2 platform. Moreover, that increase in the network has coincided with a rather important increase in the overall price of the asset. Currently, the price is up more than 3% over the last 24 hours according to CoinMarketCap. Source – CryptoSlate Also Read: Shiba Inu: Can Shibarium Still Carry SHIB Towards $0.01? Shibarium Sees Massive New Account Surge as SHIB Price Responds The digital asset market has long seen meme coins be embraced by the overall community. However, many cryptocurrency investors have voiced their concern with the volatility and lack of utility that many of these assets implore. How...

Leading Node operator and blockchain API developer NowNodes took to X confirming that Shiba Inu’s Shubarium layer-2 solution is the “best performing” network in the blockchain technology’s ecosystem. The Shibarium layer-2 network has processed more than 66 million requests since its launch in August this year. The network remains brimming with activity as users regularly initiate transactions on Shibarium. Also Read: Shiba Inu (SHIB) Price Prediction For This Week “ Shibarium Net was one of the best-performing networks in our ecosystem this month. Our team prepared a Milestone report dedicated to the success, most recent updates, and highlights of the network,” tweeted NowNodes. The Node operator was the first to show support for Shibarium before and after its launch. @ Shibarium Net was one of the best performing networks in our ecosystem this month 🥇 Our team prepared a Milestone report dedicated to the success, most recent up...

Shibarium Mainnet is Now Ready for Use Shiba Inu has actually made history as the first memecoin with a highly diversified pivot from being a mere fun token with the emergence of Shibarium. Drawing on the massive anticipation from the community, the Shibarium launch has been tagged by some stakeholders as a wait that is worth the while. advertisement Buckle up #SHIBARMY 🛸 Shibarium is officially live and ready to explore: https://t.co/56VsqOa2jt — Shib (@Shibtoken) August 16, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks ...

As per the data from Shibburn, the accelerated rate for SHIB token burn has jumped by 15% over the last 24 hours. Crypto burning refers to the process of removing some portion of supply permanently from circulation. This creates a scarcity effect thereby driving the crypto value higher. advertisement Also, the developer activity has significantly contributed to driving the SHIB price higher. Over the past month since July 1, the SHIB price has surged more than 25% so far. Also, with the Shibarium launch nearing, the trading activity on the Shiba Inu blockchain is likely to spike further. Thus, investors can see more price activity in Shioba Inu, going ahead. Binance Increases OTC Trading Limits for Shiba Inu One more reason that’s supporting the Shiba Inu price rally is the crypto exchange Binance increasing the OTC trading limit for SHIB . With Binance being the largest crypto exchange in the world, it will significantly spurt the trading volum...

The excitement surrounding the Shiba Inu [SHIB] network has been peaking due to various factors. Nevertheless, the main cause of this excitement is centered around the imminent launch of Shibarium . After a considerable period of development, this layer-2 network is scheduled to be activated in August. Following the announcement of the upcoming launch, the value of this meme coin experienced a significant surge over the weekend. At press time, SHIB was being traded at a price of $0.00000760, reflecting a 1.6% decline in its daily value. However, over the weekend, the crypto asset experienced a peak price of $0.00000780. Despite this significant price increase, it caught the attention of large investors in the Shiba Inu market, commonly known as whales. The number of whale transactions surged notably during this time period. According to Santiment, there were a total of 14 whale transactions in SHIB, each of over $1 million in value. Since the initial week of April, the market hadn...

Shiba Inu Burn Rate Soars The burn rate is now at an 6936.88%rise, indicating a rapid reduction in the token supply. Over the past 24 hours, a staggering 341,504,230 $SHIB tokens were burnt. advertisement This has resulted in a remarkable increase in the market capitalization, which now stands at $4,811,489,983, representing a 10% surge. Additionally, the price of SHIB has also seen a notable rise, with a current value of $0.00000809, reflecting an 8.53% increase. Over the past seven days, coinmarketcap shows, it has rose up to 22.24%. Read More Shiba Inu News On CoinGape.. Shytoshi Kusama, the lead developer of Shib, shared an exciting update through a blog post. In the blog, Shytoshi mentions that Shibarium , a new project, is in the works. Additionally, one or two surprises are expected to be unveiled before Shibarium ’s release. Recommended Articles Crypto ...