Shibarium, the Layer-2 scaling solution for Shiba Inu, has just shattered records by processing an astonishing 7.4 million transactions. 🚀 This monumental achievement not only showcases Shibarium's impressive scalability but also positions it as a powerhouse infrastructure for the entire Shiba Inu ecosystem.

The news of Shibarium's unprecedented transaction processing capacity has sent waves of excitement through the Shiba Inu community and the wider crypto space. 🌐 It's a testament to the relentless commitment of the Shiba Inu project to tackle scalability challenges head-on and elevate the overall user experience for its dedicated community.

What makes Shibarium's feat even more remarkable is its potential to usher in a new era of speed, security, and cost-effectiveness for Shiba Inu and its users. The scalability offered by Shibarium isn't just a technological breakthrough; it's a game-changer set to fuel the growth and adoption of Shiba Inu. 📈

This groundbreaking capacity isn't just about numbers; it's about unlocking possibilities. Shibarium's scalability is poised to catalyze the development of decentralized applications, DeFi protocols, and various use cases within the Shiba Inu ecosystem. 🌐💼

In essence, Shibarium's record-breaking performance is a triumphant milestone for the Shiba Inu project, highlighting its unwavering dedication to scalability and innovation. 🌟 This achievement firmly cements Shibarium as a crucial infrastructure component, paving the way for future growth and development within the Shiba Inu ecosystem. Exciting times lie ahead for Shiba Inu and its vibrant community! 🚀🐾 #Shibarium #ShibaIn #CryptoRevolution

Shiba Inu Forecasted To Rise 118%: Predicts Analyst

According to prominent crypto analyst Ali Martinez, Shiba Inu (SHIB) could see a potential rally soon. Martinez points to SHIB’s TD sequential, which flashed a buy signal on the weekly chart. According to Martinez, the popular memecoin has rallied 118% and 71% in the “previous two bullish turns from this indicator.”

The crypto analyst further states, “Given the infrequency yet precision of such signals, it’s a pivotal moment to keep a keen eye on SHIB.”

#ShibaIn u | The TD Sequential flashed a buy signal on $SHIB weekly chart. Notably, the previous two bullish turns from this indicator led to price surges of 118% and 71%, respectively.

Given the infrequency yet precision of such signals, it's a pivotal moment to keep a keen eye… pic.twitter.com/uwdWbSWFZw

— Ali (@ali_charts) October 25, 2023

If Shiba Inu (SHIB) were to rally 118% from current levels, it would reach a price point of about $0.0000160, deleting the zero it gained in August. On the other hand, if SHIB were to rally by 71%, it would attain a price of about 0.0000125, which would also lead to deleting a zero after its decimal point.

Can Shiba Inu (SHIB) sustain its rally?

SHIB’s recent price surge has led to an increase in the number of people in profit. According to the data on IntoTheBlock, the number of SHIB holders in profit has increased by 12.62%. However, 86% of holders are still at a loss, while only 12% are in the money. IntoTheBlock data also shows that large transactions have fallen by 1.11%. The drop in large transactions could be a bearish development, as large wallets hold 78% of SHIB’s supply.

Nonetheless, the crypto market is enjoying renewed confidence fueled by the anticipation of a spot Bitcoin (BTC) ETF (Exchange Traded Fund). The surge has led to BTC reaching a new yearly high, briefly surpassing the $34k mark. If BTC can continue its bullish trajectory, other projects, such as Shiba Inu (SHIB), might also continue to rally. However, whether the rally sustains itself is yet to be seen.
#SHIB