tl;dr
Shiba Inu's layer-2 blockchain solution, Shibarium, has surpassed 10 million total blocks, indicating increased activity and potential impact on SHIB price. The ecosystem's on-chain holders have reached 1.5 million, signaling growing adoption and confidence. Analysts believe these developments could...
The L2 blockchain solution has witnessed a surge in activity, surpassing 10 million total blocks. This milestone indicates increased activity and potential impact on SHIB price.
The Shiba Inu ecosystem has achieved a new milestone in holder count, reaching 1.5 million, signaling growing confidence, adoption, and potential future price momentum.
The layer-2 blockchain solution, Shibarium, has surpassed 10 million total blocks, indicating increased activity and potential impact on SHIB price. The ecosystem's on-chain holders have reached 1.5 million, signaling growing adoption and confidence.
Analysts believe these developments could lead to a price rally for SHIB, which has recently shown a 5% valuation increase, trading at approximately $0.0000128 with a market capitalization over $7.5 billion.
Another achievement for Shibarium.
Over the past few years, Shiba Inu has evolved from a meme coin to a complex ecosystem. One of its main features is the layer-2 blockchain solution – Shibarium. The protocol has recently recorded increased activity, with daily transactions jumping back to multi-million figures. Additionally, the number of total blocks in Shibarium has surged past the psychological level of 10 million. The L2 scaling solution is specifically designed to foster the development of the Shiba Inu ecosystem by lowering transaction costs, improving speed, and enhancing scalability. Many industry participants have argued that its further advancement could positively impact the SHIB price.
The popular analyst Davinci Jeremie recently claimed that the meme coin could go “to the moon,” but this would depend on Shibarium’s progress. SHIB has shown some resurgence, with its valuation pumping by 5% in the past week. Currently, it trades at roughly $0.0000128, while its market capitalization has risen back above $7.5 billion.
The other milestone.
According to LUCIE, the pseudonymous marketing strategist behind Shibarium, the number of meme coin’s on-chain holders has jumped to 1.5 million. This generally signals a growing adoption, rising confidence in the project, and increased network activity. These factors could indicate a higher demand for SHIB and might be interpreted as a precursor for a future price rally.