Did the Signal Shiba Inu Investors Were Waiting for Arrive: These Metrics Skyrocketed, Here’s the Price’s Reaction!

As an important development, Shiba Inu ‘s blockchain platform, Shibarium, has experienced a notable increase in activity recently. In the last 24 hours, the number of active accounts traded on Shibarium increased to 732. This represents a notable increase of 50% compared to the previous day. According to Shibariumscan data, this increase appears to be linked to increased engagement, particularly from established Shibarium accounts, rather than an increase in new registrations.

According to the latest data, the total number of accounts in the Shibarium ecosystem has reached an impressive 63,681. Additionally, this number is accompanied by 1.351 million total addresses. Daily transaction volume on the network reached a strong 2.04 million, demonstrating Shibarium’s increasing vitality and intensity.

shiba inu

Interestingly, this increase in Shibarium activity coincides with notable price movements of the Shiba Inu token itself.

Shiba Inu Price View

During the same 24-hour period, the token experienced a sell-off, trading at $0.00000965 per token, following the 8.9% rise observed the previous week. This downward move resulted in a 4.1% decline in the SHIB price.

However, it is important to note that SHIB has found significant support near $0.0000092, which could provide a potential balance point for the cryptocurrency.

Despite the recent price drop, the token is creating a positive sentiment among SHIB investors by consolidating around the support zone and potentially accelerating the upward trend again. Crypto SHIB, which is closely followed by the market, continues to attract the attention of enthusiasts and investors and continues to hold itself in an important position.

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