Shiba Inu Shows Aggressiveness With 20% Jump In The Weekly Charts

The altcoin market has been following the major cryptocurrencies in their recent rally. Shiba Inu (SHIB) is one of those tokens that maintained a solid performance in the last week.

Timeline of Shiba-inu

Shiba Inu's [SHIB] performance in the last 30 days seemed to have erased the memories of the memecoin's abysmal performance in 2022. During the said period, SHIB recorded gains of 37.06%.

The meme-inspired cryptocurrency Shiba Inu ($SHIB) is currently leading the “trending” charts on popular crypto aggregator websites after it was listed on one of South Korea's largest crypto trading platforms by volume.

The second most popular meme coin on the crypto market, Shiba Inu (SHIB), is about to launch its eagerly awaited layer 2 scaling solution Shibarium. While lead developer Shytoshi Kusama has repeatedly said in recent weeks that the launch date is not yet set but will be “soon,” he may now have leaked the beta launch date himself wrapped in a word puzzle.

Shiba Inu has been seeing a major upside since the crypto market began its recovery rally, but there may be more in store for the altcoin. A major update from the crypto and stock trading platform has once again put the meme coin in the spotlight and provided another boost for it.

Shiba Inu price is keeping the meme coin hype live with its massive rally this week, netting 20% in gains. The second-most popular meme coin has slowed down its aggressive push from support at $0.000008 to new 2023 highs of $0.00001291.

The Shiba Inu community actively awaits the Shibarium Layer-2 blockchain launch as official accounts of the Shiba Inu ecosystem and core developer Shytoshi Kusama drops hints on the anticipated date. Picking up hints from Shytoshi Kusama's Twitter status, ShibArmy believes the Shibarium Beta release to happen on February 14, Valentine's Day.

The crypto markets continue to trade under a bullish influence despite another bankruptcy struck-in. Bitcoin price continues to trade close to the crucial levels around $21,000 and hence the other major altcoins also appear to have withstood the turbulence. Interestingly, Shiba INU prices continue to trade above the gained levels of around $0.

An anonymous wallet has burned 10 million Shiba Inu (CRYPTO: SHIB) in one transaction. What Happened:  Over 12.94 million SHIB has been eliminated through ten multiple transactions in the last 24 hours, according to Shibburn.com.

The price of the dog-themed crypto asset Shiba Inu (SHIB) is rallying after developers announced the upcoming launch of the ecosystem's layer-2 network, but many traders are still in the red. SHIB is up by 37.

Meme coins moved lower on Jan. 19, as cryptocurrency markets plunged following recent highs. Shiba inu, which rose to a nine-week high on Wednesday, fell by nearly 10% today. Markets have been largely overbought in the past few days, with bears seemingly reentering. Dogecoin was also in the red today.