$SHIB Price Outlook
The announced airdrop seems to have caused little-to-no price volatility for the second-largest meme coin. SHIB is up a mere 1.5% in the last 24 hours, currently trading at around $0.00002733. Its market capitalization remains hovering at approximately $16 billion, making the asset the 15th-biggest in the entire crypto sector.On the other hand, some important metrics suggest that Shiba Inu may experience a much more substantial increase in the near future. One of those is the large transaction volume (where each SHIB transaction is greater than $100,000).
According to IntoTheBlock, the figure has soared by 240% on a daily scale, reaching $175 million. Such a spike might be interpreted positively by traders, driving further demand for SHIB and pushing the price upward.
Shibarium’s progress is also worth mentioning. The layer-2 scaling solution has been processing millions of transactions in the past several days, blasting through numerous milestones. Shibarium’s advancement can have a notable impact on SHIB’s valuation due to its role in improving the utility, adoption, and efficiency of the entire ecosystem.$PNUT