{"id":566335,"date":"2023-12-21T17:30:27","date_gmt":"2023-12-21T17:30:27","guid":{"rendered":"https:\/\/wncen.com\/?p=566335"},"modified":"2024-06-11T08:16:13","modified_gmt":"2024-06-11T08:16:13","slug":"shiba-inu-0-00002-shibarium","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-0-00002-shibarium\/","title":{"rendered":"Shiba Inu Eyes $0.00002 As Shibarium Marks Momentous Milestone"},"content":{"rendered":"

Shibarium, the Shiba Inu Layer 2 network<\/a>, has been marking milestone after milestone over the last few weeks. The initial growth spurt which some believed was temporary has proven to have more steam than expected, and now the network<\/a> has reached a momentous milestone.<\/p>\n

Shibarium Crosses 150 Million Transactions<\/h2>\n

After its initial launch, the Ethereum-based layer 2 network from the Shiba Inu team had seen a notable decline in usage. This would persist for a few months until the market began to pick back up in December again. Once this happened and the SHIB price was on a recovery trend, activity on the Shibarium network would go on to explode.<\/p>\n

Related Reading: Ethereum Exchange Balances Drop Drastically, What This Means For ETH Price<\/a><\/div>\n

Presently, the network is celebrating one of its biggest achievements yet and that is the fact that more than 150 million transactions<\/a> have now been processed on the blockchain. To put this growth rate in perspective, the total transactions processed on Shibarium<\/a> on November 30 were approximately 4.8 million. However, two weeks later, on December 20, the cumulative total transactions that have been carried out on the network since launch has crossed 150 million.<\/p>\n

This jump in the total transactions represents an over 3,000% growth in less than 30 days. Furthermore, the daily transactions carried out on the network have increased drastically as well. It went from a daily average of around 40,000 transactions per day, to an average of 7 million daily transactions in the last three weeks.<\/p>\n

At the same time, active addresses on the network have been rising after going from an average of 500 daily to around 3,000 per day in December. But interestingly, transaction fees<\/a> have remained low at this time, showing the ability of the network to handle periods of high loads.<\/p>\n

\"Shiba<\/p>\n

SHIB price maintains $0.00001 | Source: SHIBUSD on Tradingview.com<\/a><\/pre>\n
Shiba Inu Price Could Jump To $0.00002<\/h2>\n
Off the back of the growth that the Shibarium network has seen, the Shiba Inu price could be looking toward another rally from here. This is because the increased activity on the network has put the Shiba Inu token on the radar of more investors as they flock around the team for updates.<\/p>\n
Related Reading: Finance Expert Says Explains Why XRP Is A Scam<\/a><\/div>\n
Crypto analyst Ali Martinez previously identified<\/a> that SHIB had been trading in a descending parallel channel. The hope for an upside from there lies in a push toward $0.000011 and SHIB has been making that push. Over the last day, the meme coin has risen by 1.6% and is slowly making this push. If the current recovery trend carries on, then the SHIB price<\/a> could break above $0.000011 this week which is expected to trigger a bull rally.<\/p>\n
The SHIB burns being carried out by the Shiba Inu team<\/a> is another bullish event that could trigger a price rally. So far, around $170,000 worth of SHIB has been burned by the team with expectations of total burns reaching $1.2 million.<\/p>\n
Featured image from Analytics Insight, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Shibarium, the Shiba Inu Layer 2 network, has been marking milestone after milestone over the last few weeks. The initial growth spurt which some believed was temporary has proven to have more steam than expected, and now the network has reached a momentous milestone. Shibarium Crosses 150 Million Transactions After its initial launch, the Ethereum-based layer 2 network from the Shiba Inu team had seen a notable decline in usage. This would persist for a few months until the market began to pick back up in December again. Once this happened and the SHIB price was on a recovery trend, activity on the Shibarium network would go on to explode. Related Reading: Ethereum Exchange Balances Drop Drastically, What This Means For ETH Price Presently, the network is celebrating one of its biggest achievements yet and that is the fact that more than 150 million transactions have now been processed on the blockchain. To put this growth rate in perspective, the total transactions processed on Shibarium on November 30 were approximately 4.8 million. However, two weeks later, on December 20, the cumulative total transactions that have been carried out on the network since launch has crossed 150 million. This jump in the total transactions represents an over 3,000% growth in less than 30 days. Furthermore, the daily transactions carried out on the network have increased drastically as well. It went from a daily average of around 40,000 transactions per day, to an average of 7 million daily transactions in the last three weeks. At the same time, active addresses on the network have been rising after going from an average of 500 daily to around 3,000 per day in December. But interestingly, transaction fees have remained low at this time, showing the ability of the network to handle periods of high loads. SHIB price maintains $0.00001 | Source: SHIBUSD on Tradingview.com Shiba Inu Price Could Jump To $0.00002 Off the back of the growth that the Shibarium network has seen, the Shiba Inu price could be looking toward another rally from here. This is because the increased activity on the network has put the Shiba Inu token on the radar of more investors as they flock around the team for updates. Related Reading: Finance Expert Says Explains Why XRP Is A Scam Crypto analyst Ali Martinez previously identified that SHIB had been trading in a descending parallel channel. The hope for an upside from there lies in a push toward $0.000011 and SHIB has been making that push. Over the last day, the meme coin has risen by 1.6% and is slowly making this push. If the current recovery trend carries on, then the SHIB price could break above $0.000011 this week which is expected to trigger a bull rally. The SHIB burns being carried out by the Shiba Inu team is another bullish event that could trigger a price rally. So far, around $170,000 worth of SHIB has been burned by the team with expectations of total burns reaching $1.2 million. Featured image from Analytics Insight, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":566342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,89178,84473,83667,89157,86437],"class_list":["post-566335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price"],"acf":[],"yoast_head":"\nShiba Inu Eyes $0.00002 As Shibarium Marks Momentous Milestone<\/title>\n<meta name=\"description\" content=\"Shibarium, the Shiba Inu Layer 2 network, has been marking milestone after milestone over the last few weeks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Eyes $0.00002 As Shibarium Marks Momentous Milestone","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-0-00002-shibarium\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-0-00002-shibarium\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-Small.jpeg?resize=200%2C178","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-Small.jpeg?fit=320%2C178"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib news","shib price","shiba inu","shiba inu news","shiba inu price"],"dateCreated":"2023-12-21T17:30:27Z","datePublished":"2023-12-21T17:30:27Z","dateModified":"2024-06-11T08:16:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Eyes $0.00002 As Shibarium Marks Momentous Milestone\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-0-00002-shibarium\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-0-00002-shibarium\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Shiba-Inu-Small.jpeg?resize=200%2C178\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Shiba-Inu-Small.jpeg?fit=320%2C178\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib news\",\"shib price\",\"shiba inu\",\"shiba inu news\",\"shiba inu price\"],\"dateCreated\":\"2023-12-21T17:30:27Z\",\"datePublished\":\"2023-12-21T17:30:27Z\",\"dateModified\":\"2024-06-11T08:16:13Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Shiba-Inu-Small.jpeg?fit=320%2C178","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/566335"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=566335"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/566335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/566342"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=566335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=566335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=566335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}