🚀Crypto market's back on track! Bitcoin nearly hits $58K, Ethereum soars above $3K. Meme coins, especially Shiba Inu, are also enjoying the ride.🐕

- Bitcoin (BTC) almost $58K

- Ethereum (ETH) over $3K

- Shiba Inu (SHIB) up 13% from recent lows

Lesser-known meme coins like Billy (BILLY) and Gigachad (GIGA) have seen even bigger gains. But it's not all sunshine and rainbows for SHIB.

Despite the price jump, SHIB's burn rate and transactions on Shibarium (its Layer2 blockchain solution) have dipped. But hey, every coin has two sides, right?

- Burn rate down 90% in 24 hours

- Shibarium transactions below 5K on July 7

Shibarium was launched last year to boost SHIB by reducing transaction costs and improving speed and scalability.

Got thoughts on this? Drop them below! 👇 #CryptoNews #Bitcoin #Ethereum #ShibaInu #DeFi #Layer2