Shiba Inu (SHIB) may experience a significant surge soon, as various on-chain indicators suggest a positive outlook for the meme coin. One such metric is the daily transactions on Shibarium, the layer-2 network, indicating a rise in Shiba Inu's adoption. The surge in daily transactions on Shibarium, reaching 11,360 on September 19 from 3,090 the day before, hints at a potential price increase. This uptick in network activity aligns with the recent Fed rate cut, boosting investor confidence in assets like SHIB. The increase in network activity could lead to more Shiba Inu burns, impacting the coin's price positively. Additionally, the 'In the Money' metric shows a growing number of SHIB holders in profit, reducing selling pressure. These metrics suggest a bullish outlook for Shiba Inu, with analysts predicting a potential rise to $0.00004 or even $0.00008. Read more AI-generated news on: https://app.chaingpt.org/news