Shiba Inu's Shibarium platform, an Ethereum Layer 2 solution, has seen a sharp decrease in user activity recently. The number of active and new addresses on the network has been steadily declining since July 5, hitting a monthly low on July 9. Only 11 new accounts were created on Shibarium on July 10, marking a significant drop. This decline in activity has also led to a decrease in new transactions on the network. Despite this, Shiba Inu's price has shown an 8% increase in the past week, trading at $0.00001656. The Chaikin Money Flow indicator suggests a potential rally for SHIB, with strong buying pressure and positive momentum. If this trend continues, SHIB's price could reach $0.00001767. However, market conditions are unpredictable, and investors should conduct their own research before making any financial decisions. Read more AI-generated news on: https://app.chaingpt.org/news
Decline in Shibarium Activity Signals Potential Rally for Shiba Inu (SHIB)
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