The post Shibarium Witnesses Jaw-Dropping 493% Spike in Transactions Amid SHIB Price Rally appeared on BitcoinEthereumNews.com.

Gamza Khanzadaev Shibarium eyes jaw-dropping 493% surge in transactions, coinciding with remarkable 15% rally in Shiba Inu token’s price Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. 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. Source: Shibariumscan 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…

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Filed under: News - @ October 28, 2023 3:18 am