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Shiba Inu’s (SHIB) Shibarium layer-2 network is witnessing a surge in new accounts. As per the data on Shibariumscan, active Shibarium accounts surged by 55.35%. Moreover, new accounts have surged by around 222%, with as many as 116 new accounts created daily. This has brought the total number of new accounts on Shibarium to a whopping 26,920. Source: Shibariumscan Also Read: Shiba Inu: Here’s How to Make $10 Million When it Reaches $0.01 Furthermore, the total number of addresses has surged beyond 1.25 million, while the total number of transactions on the network has exceeded 3.04 million. However, despite the increasing number of people on Shibarium, Shiba Inu’s (SHIB) price has continued to suffer throughout 2023. Since reaching a yearly peak in February, SHIB’s price has fallen by around 53%. Meanwhile, Bitcoin (BTC) has risen by around 60%, and Solana (SOL) has grown by nearly 120%. Will Shiba Inu recover its losses? Source: Twitter According to Cryp...

In a groundbreaking feat, the Shibarium network, designed as a layer-2 blockchain to enhance scalability, achieved a significant milestone recently by confirming 1 million blocks. Shiba Inu decided to dive into the decentralized finance [DeFi] pool and even thrive in it with Shibarium . Shibarium faced several unexpected hurdles upon its launch. This primarily stemmed from an abrupt surge in demand that led to a congestion issue within a single block. As a result, the network had to activate fail-safe mode. This posed substantial challenges that needed to be addressed. However, after a brief pause, Shibarium made a strong comeback. It accomplished the noteworthy milestone of confirming 1 million blocks, averaging an impressive rate of one block every 5 seconds. Additionally, on Sept. 21, the network recorded a staggering 3 million transactions verified within 745,837 blocks. During this period, it witnessed a remarkable addition of over 36,000 new wallet addresses. At present, the ...

Shiba Inu’s (SHIB) offspring token ShibaSwap Bone (BONE) is continuing on its bullish stride. The token is up by 13.8% in the weekly charts, beating every major crypto project. Furthermore, the asset has also seen a significant rise in holders in the last couple of days. According to Etherscan.io, the token now has over 90k holders. Source: Etherscan.io Additionally, BONE has also seen a significant jump in the number of in profit. According to IntoTheBlock, in the last 24 hours, the number of people in profit has increased by 11.52%, bringing the total number of holders in profit to 68%. IntoTheBlock also notes that network growth has increased by 1.97%. However, large transactions have fallen by 4.94%, which could be a cause for worry. Nonetheless, unlike Shiba Inu (SHIB), where 77% of holders are big wallets, only 54% of BONE holders are whales. BONE’s recent rally could be attributed to the Shiba Inu’s (SHIB) Shibarium network getting ready for relaunch....

The weekend was quite monotonous in terms of price action in the crypto market. With Bitcoin horizontally trading below $30,000, most other asset prices have also remained stagnated. Shiba Inu was not an exception to the ongoing trend. With a negligible movement of 0.5% over the past day, SHIB was seen exchanging hands around $0.000007835 during the Asian trading hours on Monday, July 24. Despite the humdrum price landscape, the Shiba Inu on-chain ecosystem has been quite lively. In this article, we will be delving into the same. Also Read: Shiba Inu to 50 Cents? Here’s What Must Happen For SHIB To Reach $0.50 Shiba Inu holders show resilience Shiba Inu’s new adoption rate has been on the rise lately. Owing to its latest rallies, this metric is well above 58%. In fact, at press time, it was at its highest level since 2020. This means newcomers are in-lead and are actively participating in the market now. Source: IntoTheBlock Also Read: Societe Generale Becomes 1st Com...

Shiba Inu’s layer-2 solution Shibarium could most likely be released in August, said the lead developer Shytoshi Kusama on Thursday. In a recently published blog, Shytoshi said that the L2 blockchain “will be likely” released at the Blockchain Futurist Conference. The blockchain event will be held on August 15th and 16th in Toronto, Canada. Even before the Mainnet launch, Shibarium ’s Testnet ‘Puppynet’ experienced a surge in transactions including the total number of blocks produced. Also Read: Shiba Inu: Here’s When SHIB Could Reach $0.50 or $1 Source: Coingecko The total transactions executed on Puppynet currently stands at 27,043,014 and the total blocks produced at 1,562,978. In addition, the network’s average block time is 6.8 seconds making transactions smoother and faster. Therefore, Shibarium could see a surge in transactions after the Mainnet goes live this year. Shiba Inu: Could Shibarium’s Launch Propel SHIB’s...

BONE is the Shiba Inu ecosystem’s governance token and gas token for the Shibarium Layer-2 blockchain. Traders didn’t immediately respond to BONE listing news on Swyftx and trading 3% down in the last 24 hours. Swyftx Listed Shiba Inu Ecosystem’s BONE Token Australia-headquartered crypto exchange Swyftx in a tweet on June 12 revealed that it has listed Bone ShibaSwap (BONE) token on the platform. Users can now start trading the Shibarium Layer-2 blockchain’s gas token BONE. On Friday, Swyftx launched a poll related to its upcoming token listings. In the poll, it asked the community to vote on whether they want Alchemy Pay (ACH) and Bone ShibaSwap (BONE) on the exchange. According to the results, BONE received 90.7% of the votes, while Alchemy Pay gathered only 9.3 percent of the votes. The Shiba Inu community appreciated the exchange for listing the BONE token as it is expected to gather the same attention as Shiba Inu. Recommended Arti...

The Shiba Inu [SHIB] ecosystem has been consistently carrying out token burns for quite some time. However, the rate at which burns occur and the quantity of SHIB tokens transferred to dead wallets can vary. The previous week proved to be particularly eventful for the meme coin network as the community burned a remarkable amount of 4.17 billion SHIB tokens. Shibburn reported that a significant total of 4,175,261,803 SHIB tokens were burned through twenty-seven separate transactions. This surge marked a substantial increase of 53% compared to the previous week, during which 2.73 billion SHIB tokens were transferred to inactive wallets. The recent burn activity reveals a notable rise in the burning process within the Shiba Inu network. However, this notion wasn’t carried on this week. The Shiba Inu network commenced the week on a rather disheartening note. This was due to the burn rate of the asset which witnessed a significant dip of 96.38% at press time. Consequently, only a modest ...

Shiba Inu is a prominent meme coin, earning its place as the second largest meme coin. The team behind SHIB has shown consistent efforts towards its development, as evident from its various developments, such as the Shiba Inu Burn initiative. The SHIB burn rate as of today though, has dropped dramatically. The burn rate of SHIB has gained a reputation for its fluctuating nature, with some days experiencing a significant increase while others see a decline. The burn rate has been quite consistent over the past few days, with billions burned every day. On certain days, the burn rate has also soared by over 8,000%. Also read: Terra’s Do Kwon Faces Bail Revocation in Montenegro However, according to the latest data from Shibburn , the burn rate has dropped by -97% in the last 24 hours. Source: Shibburn Shiba Inu burn rate drops by -97% The latest data shows that only  30,242,040  SHIBs were sent to dead wallets in the last 24 hours. This has also sent the Shiba Inu ...

Popular crypto analytics firm LunarCrush named Shiba Inu (SHIB) the “Coin of the Day” on May 14, Sunday. As per an official tweet, SHIB won due to a “leading combined social + market performance.” The famous dog-themed crypto project scored 45/100 on Galaxy Score with an AltRank of 434/4389. Shiba Inu is Coin of the Day on LunarCrush! $Shib was automatically chosen based on leading combined social + market performance. Galaxy Score 45/100 AltRank 434/4389 Real-time # shib ainu metrics: https://t.co/6W0wq2DvZb pic.twitter.com/xUx62mDaM1 — LunarCrush (@LunarCrush) May 14, 2023 There is no denying the popularity of Shiba Inu (SHIB). The token, or its offspring tokens, often comes out on top in listing polls. Recently a crypto exchange by the name of Tarmex held a poll on its Twitter page. The firm asked its followers and users which token they would like to see listed on the platform. A majority of votes chose Shiba Inu’s offspring token BONE. As per the poll, BONE along with BabyDog...

Shiba Inu (SHIB) has a lot of expectations tied to its protocol. Countless individuals are invested in the project, in the hopes of becoming wealthy. However, is the asset going to deliver again? That remains a question only time will answer. At the moment, experts at Finder have given their opinion on how SHIB may perform till the year 2025. According to a survey, Shiba Inu (SHIB) is anticipated to reach $0.00004930 by the year 2025. The panel included 55 fintech specialists. Source: Finder Among the panelists, some are more optimistic about SHIB than others. According to Alexander Kuptsikevich from FxPro, SHIB could reach upto $0.0001 by 2025. Yet, Kuptsikevich did say that “It is unlikely to roar as it did in 2021.” Nonetheless, he did add that SHIB “can ride the future waves of the crypto market.” Will Shiba Inu actually reach $0.00004930? It should be noted that the survey was conducted in October 2022. Since then, SHIB has unveiled a lot more projects and initiatives that co...

The Shiba Inu army has been waiting for SHIB to attain 1 cent for quite some time now. The latest recovery initiated by the token has now revitalized the community’s hope even further. The second largest meme-coin has inclined by roughly 4% over the past week. At press time, it was seen exchanging hands at $0.00001133. SHIB/USDT by TradingView Shiba Inu and the $0.01 dream Recently, prominent community influencer ‘SHIB BPP’ chalked out three paths via which Shiba Inu could climb up to $0.01. The first and most crucial condition for the same to transpire is mass adoption. As and when more people enter the SHIB arena, the buying pressure would rise, leading to a price pump. On paper, several new tie-ups and partnerships have surfaced for Shiba Inu over the past few months. However, on the on-chain front, there has not been a lot of improvement noted. In fact, as analyzed in a recent article, the holding period of Shiba Inu investors has been on the decline of late. Alongside, the a...

Twitter CEO Elon Musk changed the iconic social media giant’s bird logo to his most loved cryptocurrency Dogecoin . DOGE spiked 30% after the logo change making the meme currency touch $0.1 after the development. Its rival Shiba Inu on the other hand jumped 5% and both the tokens are attracting bullish sentiments. Musk announced in early 2021 that he invested in Dogecoin , but how many Shiba Inu tokens does he own? In this article, we will highlight which cryptocurrencies the Tesla founder Elon Musk owns. Also Read: Man Misses Making $21 Million With An Investment of $200 In SHIB How Many Shiba Inu Tokens Does Elon Musk Own? Source: Twitter Elon Musk , the self-proclaimed Dogefather publicly revealed during the ‘B Word’ conference last year that he owns three different cryptocurrencies. The cryptocurrencies that Musk owns in his portfolio are Bitcoin, Ethereum, and Dogecoin . Musk confirmed that he owns no other cryptos apart from these three and has mostly kept them as a long-t...

Bankrupt digital lender Voyager has been sending crypto tokens to centralized exchanges of late. Via a tweet on Thursday, blockchain security company PeckShield brought to light that ~9.6 million worth of assets has been transferred from Voyager to Coinbase, Binance US, and Kraken. The tokens transferred included Voyager Token [VGX], Chainlink [LINK], Ethereu m [ETH], and Shiba Inu [SHIB]. Ethereu m and Shiba Inu accounted for roughly two third of the share, i.e. $6 million in total. The remaining $3.6 million was accounted for by Voyager token and Chainlink [$2.1 million and $1.5 million respectively]. As shown below, the source involved two addresses — Voyager, and Voyager 1. Most of the involved tokens were first sent to different addresses before finally being transferred to the centralized exchanges. #PeckShieldAlert ~$9.6M worth of cryptos transferred from Voyager to crypto-exchanges Coinbase, Binance US and Kraken , including ~4.9M $VGX (~$2.1M), 221k $LINK (...