The Shiba Inu network has experienced both highs and lows in recent months, following the broader trend of the cryptocurrency market. Despite more lows than highs, the community is optimistic about potential profits with the upcoming launch of Shibarium, and the community has been growing in size as they await this layer-2 rollout.

Currently, the total number of unique addresses on the network has reached an all-time high of 1.29 million. However, unfortunately, more than half of these SHIB holders are currently in a loss position, with only 35% of them making profits. According to IntoTheBlock, 60% of them were making money at the current price of the meme coin.

At the moment, the meme coin is trading for $0.00001153 with a 1.23% daily decrease. Shiba Inu's value is currently 86.97% below its all-time high of $0.00008845, which it reached over a year ago. However, the network plans to burn trillions of SHIB with the release of Shibarium, which is expected to further add to the hype and potentially boost the price of the meme coin.

The beta version of Shibarium is speculated to debut on Valentine's Day, February 14, 2023.

As predictions continue to be a focus, artificial intelligence forums have been predicting the price of SHIB. According to PricePredictions, a machine learning system, Shiba Inu is expected to trade in the same range.

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