The only constant in the dynamic world of cryptocurrencies is volatility. In the midst of this, the popular meme coin Shiba Inu It continues to be a coin that affects the course of the market. In this context, SHIB appears to be regaining stability after a turbulent week. At the time of writing, the meme coin is trading at $0.00002731, showing a modest daily increase of 1.41%.
What Awaits Shiba Inu in May
As April comes to an end, the asset will begin May on a bullish note. Additionally, Changelly announced that the asset could be traded between $0.0000339 and $0.0000786 this month. Shiba Inu is likely to trade for an average value of around $0.0000562. However, investors meme coinThey wonder how April will conclude.
According to Changelly, the asset will potentially be priced as high as $0.00003237. In this context, this definitely represents a rise from current levels.
Over the weekend, Shiba Inu’s official layer-2 blockchain Shibarium witnessed a major network outage. The incident was reported by Kaal Dhairya, a developer of the network. verified and shed light on the root cause of the problem. Dhairya stated that the issue was triggered by network issues between Shibarium validators. It should be noted that validators play an important role in the network. They verify and confirm transactions to maintain the security and reliability of the entire system.
There was a temporary shibarium outage caused because of networking issues among the validators. Network is back up and running now, some services like shibariumscan or external RPCs can still remain down until the steps provided are implemented. If you’re an external team…
NEWS CONTINUES BELOW— Kaal (@kaaldhairya) April 22, 2024
The outage lasted several hours. This caused discomfort and uncertainty among users and stakeholders. During this time, various Shibarium-related services such as Shibariumscan (the network’s official block explorer) and external RPCs (Remote Procedure Calls) became inaccessible, further worsening the impact of the outage.
