- Shibarium’s daily transaction count surged 209%, from 6,000 to 18,560 within a week.
- Shibarium aims to break the record of 420 million total transactions, currently at 417 million.
- SHIB price fluctuates in a symmetrical triangle pattern, indicating equilibrium in market demand and supply.
Shibarium, Shiba Inu’s layer-2 solution, is nearing a significant milestone as daily transactions surged by 209%. According to Shibariumscan, the daily transaction count jumped from 6,000 on May 14 to 18,560 on May 20. This spike in activity follows the implementation of the Shibarium hard fork on the mainnet, marking a pivotal moment for the Ethereum L2 protocol.
With this surge, Shibarium aims to break the record of 420 million total transactions. Currently, the total transaction count stands at 417,525,512. Although it is uncertain when this record will be achieved, the recent growth indicates Shibarium is on the right track.
Meanwhile, Shiba Inu (SHIB) has been fluctuating within a symmetrical triangle pattern. This pattern suggests an equilibrium in market demand and supply at current prices. Buyers are currently attempting to push the price beyond the descending resistance line. At the time of writing, SHIB is priced at $0.000025, marking a slight decline of over 1%.
Bullish traders are targeting a move above $0.000030. A successful breakout above this downtrend line could weaken bearish forces and potentially drive the price to $0.000035, where significant resistance is anticipated.
Looking ahead, the future of Shiba Inu in the crypto industry appears promising. As Shibarium continues to grow and break records, it strengthens Shiba Inu’s position in the market. With ongoing developments and increased adoption, Shiba Inu is well-positioned for sustained growth and innovation.
Read also:
The post Shibarium Nears Major Record: What’s Next for SHIB Price? appeared first on Crypto News Land.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed