The article highlights several key points about Shiba Inu (SHIB): $SHIB
1. **Potential Price Rally**: SHIB might surge to $0.000080 after a correction phase, where it could initially drop to around $0.000018. This prediction is based on market dynamics and trading patterns.
2. **Shibarium Updates**: Shibarium, the layer two solution for Shiba Inu, has improved BONE token bridging, enhancing efficiency. It currently holds a total value locked (TVL) of $2.4 million, which is crucial for the ecosystem's growth.
3. **Market Activity**: Significant SHIB amounts (over 4 trillion tokens) have been moved to exchanges, indicating possible profit-taking by traders. This activity suggests a potential price fluctuation before any substantial rally.
4. **Investment Considerations**: Shiba Inu remains a popular asset with a market cap of $25 billion and a daily trading volume of $653 million. Despite resistance at $0.000029, the improvements in Shibarium and market dynamics could make SHIB a viable option for investors.
Overall, the combination of Shibarium's development and market activities suggests potential growth for SHIB, but investors should be mindful of the current market resistance and volatility.
