Shibarium Witnesses Jaw-Dropping 493% Spike in Transactions Amid SHIB Price Rally

Gamza Khanzadaev

Shibarium eyes jaw-dropping 493% surge in transactions, coinciding with remarkable 15% rally in Shiba Inu token’s price

Shibarium Witnesses Jaw-Dropping 493% Spike in Transactions Amid SHIB Price Rally

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In an electrifying turn of events, Shibarium, the blockchain synonymous with the Shiba Inu cryptocurrency, was set abuzz with a remarkable surge in transaction activity. Over the past 24 hours, Shibarium has experienced an astounding 493% increase in transactions, soaring from 12,690 to an eye-popping 62,570.

This surge, the most significant since September, has propelled Shibarium’s cumulative transaction count since its full launch in August to a staggering 3.653 million, signifying a monumental milestone for the Shiba Inu ecosystem.

This unprecedented uptick in transactions coincided with a remarkable surge in the price of the Shiba Inu token, SHIB, which has surged by over 15% this week. As a result, SHIB is now valued at $0.000008 per unit, marking its highest price point since the end of August.

*SHIB and BONE to USD by* *CoinMarketCap*

Another integral token in the Shiba Inu ecosystem, BONE, an essential component of Shibarium, has mirrored this success, experiencing a 15% price hike this week, reaching a trading value of $0.78 per token.

The SHIB community is closely monitoring these developments, keeping a keen eye on the Shiba Inu token price chart and the Shibarium statistics charts. As the crypto market experiences rapid changes, the unfolding story promises to be one of continued interest.

The impressive surge in both transactions and token prices leaves observers eager to see how it all unfolds. As investors and enthusiasts eagerly await further developments, the stage is set for an exciting chapter in the Shiba Inu story.

About the author

Gamza Khanzadaev

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master’s program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

Source: https://u.today/shibarium-witnesses-jaw-dropping-493-spike-in-transactions-amid-shib-price-rally