Can Shibarium Launch Drive Shiba Inu Price To Hit Rs.1?

Shiba Inu Coin News: Among the latest updates by the Shiba Inu team is the launch of the layer-2 scaling solution, Shibarium. According to recent updates, crypto analysts believe it will solidify the $SHIB reputation in the crypto market.

Timeline of Shiba-inu

Anticipation for the launch of Shibarium has officially reached its peak with CoinMarketCap noting 1.3 million wallets holding SHIB. The token has seen a gradual increase since the start of the month, with Shiba Inu ushering February with 1.2 million wallets.

Shiba Inu was trading at its lowest when compared to Dogecoin in November 2022, but now,  the situation has changed during the last three months. Shiba Inu is making a concerted effort to beat Dogecoin as the most-loved meme-coin.

The price of Shiba Inu (SHIB) surged by 22% in the last seven days, outperforming the majority of the crypto market. And the positive news doesn't stop before Shibarium is rumored to be scheduled to hit the market next week, February 14, Valentine's Day.

David Gokhshtein, crypto enthusiast and founder of Gokhshtein Media, which covers crypto news and events, has taken to his Twitter handle to share that he is seriously considering buying meme coins again.

Shiba Inu (SHIB), the popular meme cryptocurrency, recently hit a new milestone with its burning volume, reaching an increase of 10,000% in a short period. Today's burn rate spike was one of the biggest day-to-day increases in the last 30 days.

Crypto exchange Crypto.com sends 19,400,000 Shiba Inu (SHIB) tokens to the burn address, making the total SHIB burn to rise 10,109% in the last 24 hours. The number of transactions burning SHIB tokens have declined in the last few weeks as investors hold onto their SHIB tokens amid the anticipated launch of the Shibarium Layer-2 The post SHIB Burn Jumps 10,109% As Top Crypto Exchange Sends Millions To Burn Address appeared first on CoinGape.

A popular crypto strategist who correctly called the end of Bitcoin's (BTC) bull market in 2021 believes that top meme token Shiba Inu (SHIB) may be gearing up for bullish price action in the coming weeks. Pseudonymous analyst Pentoshi tells his 673,400 Twitter followers that SHIB looks strong after taking out its resistance at $0.000013.

Shiba Inu (SHIB) is one of the most talked-about cryptocurrencies in 2023, with its price rising 7% in just 24 hours. This has made many investors curious about the future of SHIB and whether it's a good investment.

Shiba Inu (SHIB) has been among the best-performing cryptocurrencies over the previous 24 hours. The price of the second-largest meme coin has reached $0.000015 after a daily increase of about 30%.

Despite the 20% price spike of Shiba Inu on the market in the last seven days, the burn rate of the asset has remained unchanged. The burn rate of a cryptocurrency is a measure of the total number of coins that are being taken out of circulation, and it is typically considered an indicator of the popularity of an asset as a payment tool and the overall network activity.