This Shibarium Milestone will sky Rocket Shiba Inu price 📈🔥
Shiba Inu's recent price movement indicates that the meme token has rebounded from its critical support level of $0.0000061, potentially setting the stage for a bull run.
Over the past 24 hours, the cryptocurrency has risen by 3.63%, and over a seven-day period, it has increased by 5.79%. However, a longer timeframe reveals that the value of the cryptocurrency has dropped by 49% since reaching its yearly high of $0.00001471 on February 5.
Nonetheless, there may be positive momentum building, especially with Shiba Inu's Layer-2 scaling solution, Shibarium, achieving a new milestone.
Shibarium Reaches 1.3 Million Mined Blocks🔥
Shibarium was developed to provide faster transaction times and lower gas fees for Shiba Inu, and it has been well-received by the community. Shibariumscan data indicates that it has recently surpassed 1.3 million mined blocks and a total transaction of 3.574 million. Past news about Shibarium has always had a positive impact on the price of SHIB, with each new milestone driving up the price.
Potential Price Impact For SHIB?
Rumors about its launch in August pushed SHIB to $0.00001137, although it has since lost most of those gains.
At present, SHIB is trading at $0.000007484, and it appears to be on the verge of a price breakout that could retest its August highs, resulting in a 43% increase from its current price.
$SHIB $BTC
