The digital currency ecosystem is fast receding in what appears to be an unexpected flash crash engulfing the market. The combined digital currency is down by 1.52% to $1.07, fueling the paring of gains even from coins that started the new week off on a mildly bullish note. With the current switch in momentum, Shiba Inu (SHIB), XRP and Cardano (ADA) appear to be the biggest hit altcoins today.RelatedXRP Growth Might Be Exaggerated, Here Are Bitter Lessons From Liquidation DataAt the time of writing, Shiba Inu is changing hands at a price of $0.00000693, down by 3.65%, per data from CoinMarketCap. XRP has also taken a deep hit with prices dropping as low as 4.04%. With the current growth outlook, the coin has now lost its support at $0.5 with the price now pegged at $0.4992.Cardano is in no way faring better as the bears have overpowered the bulls, dragging the price to a weekly low of $0.2516 atop a 5.48% drop. By comparison, Bitcoin (BTC), the industry benchmark, is down by just 1.23% to show the extent of the sell-off these altcoins are experiencing at press time.

LaborX is a platform that offers jobs to freelancers within companies working in the Web3 sphere.Now, it has announced that after integrating the Shiba Inu (SHIB) token recently, it has now added Bone ShibaSwap (BONE) coin too. Both of these Shibarium tokens can now be used for payments on LaborX. "The meme coin Rock Star band is growing bigger!" the X post of the company announced.Support for SHIB was added in February last year, enabling users to earn SHIB tokens for performing various tasks, according to the 2022 tweet.

With the global cryptocurrency market cap showing a slight downtrend of -0.3% in the last 24 hours, traders worldwide have their eyes on some of the most talked-about tokens. While some coins are losing ground at an alarming rate, ScapesMania is set to stun the world of crypto with insane growth.

The Layer-2 blockchain Shibarium continues to expand thanks to the SHIB community and sees its key on-chain metrics rising to higher levels.

According to Shibariumscan, over the past week, the number of blocks has increased, reaching 658,515 with an average time necessary for block production standing at 5.0 seconds. The overall number of transactions has almost reached the 2,700,000 level. As for the number of connected wallets, after a rise by roughly 100,000 this week, it so far continues to sit at 1,246,299.

However, the number of daily transfers has seen a decline to 89,710, dropping from a peak of 200,000 that was reached earlier this week.

Shiba Inu, the meme coin that took the crypto world by storm, is showing signs of life again. After languishing in the 7-9% profitability range — a level so low it practically screamed "don't bother" — the coin has clawed its way back to the 10% profitability mark.

This is a breath of fresh air for long-term holders, many of whom have been carrying this asset like a millstone around their necks