Shiba Inu Exhibits This New Rise as Shibarium Hype Intensifies

• Shibarium tokens – SHIB, BONE & LEASH – record the highest social dominance in July.
• Social mentions of SHIB surges 175% on this popular platform that has 2 billion MAUs.
• Shiba Inu community highly anticipates the release of the World Paper.

The Shibarium hype dominates the trends on every possible social media and other factions of the Internet. Shiba Inu ecosystem tokens displayed the highest peaks in social and market activity over the past few days. 

Since July 5, total social engagements generated particularly by Shiba Inu (SHIB) jumped 135% to a total of 861.85 million, as per Lunar Crush, a crypto intelligence platform. Moreover, SHIB noted an unprecedented rise with respect to the platform’s other metric — AltRank. This parameter measures the strength of any crypto’s traction in the rapid-paced crypto market.

In the last 24 hours, as per data, the social volumes of Shiba Inu surged 175% on the popular video-streaming platform YouTube. Per contra, the news coverage on this memecoin spiked by 166% and its volumes on Twitter by 22%.

Since this week’s start, SHIB and its related tokens ranked at the top of the trending list on CoinMarketCap, the popular crypto price tracker. Ultimately, the impending launch of Shibarium is propelling force behind this bullish social sentiment.

Top Trending Shibarium Updates

On the top of the list, the SHIB community has pinned the launch of Shibarium and the unveiling of its key updates in the upcoming Toronto events. Next, the ranking of SHIB as the third most traded asset on one of India’s top exchanges, WazirX, captured the community’s attention. 

The surprising price pumps of Bone ShibaSwap (BONE) and Doge Killer (LEASH) aligned satisfying profits to investors and traders. Additionally, the prominent partners and projects of Shibarium — BAD IDEA AI, Welly’s, and Shibacals — triggered the hype further. Above all, the release of the project’s “World Paper”, the detailed document of Shibarium, is the anticipated update.

Brief Shiba Inu (SHIB) Price Analysis

Notably, the daily price chart hinted at the emergence of Shiba Inu (SHIB) into a short-term bullish zone. That is, the current price action crossed above the 9-day exponential moving average (9EMA). Meanwhile, the daily RSI of SHIB was at 49.47, hovering near the neutral territory.

At the time of analysis, according to CMC, SHIB traded at $0.000007536 with a daily trading volume of $64,185,348. The rally of other tokens Bone ShibaSwap (BONE) and Doge Killer (LEASH) has slowed down over the past 24 hours. At the time of writing, BONE’s price was at $1.27 and LEASH’s was at $425.

Highlighted Crypto News Today:

Shibarium’s Latest Upgrade Promises a Bright Future for SHIB Community