{"id":668,"date":"2024-04-29T12:48:59","date_gmt":"2024-04-29T12:48:59","guid":{"rendered":"https:\/\/cryptd.in\/this-shibarum-metric-spikes-by-150-shib-price-rally-in-the-making\/"},"modified":"2024-04-29T12:48:59","modified_gmt":"2024-04-29T12:48:59","slug":"this-shibarum-metric-spikes-by-150-shib-price-rally-in-the-making","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sv\/this-shibarum-metric-spikes-by-150-shib-price-rally-in-the-making\/","title":{"rendered":"This Shibarum Metric Spikes by 150%: SHIB Price Rally in the Making?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Shibarium experienced a significant transaction increase and announced upcoming upgrades to improve user experience and processing times.
\nDespite these advancements and a notable spike in the SHIB token burn rate, Shiba Inu\u2019s price has fallen by 14% in a week.<\/p>\n

<\/a><\/span><\/h2>\n

Shibarium\u2019s Latest Advancements<\/h2>\n

Shiba Inu\u2019s layer-2 blockchain solution \u2013 Shibarium \u2013\u00a0<\/span>witnessed<\/span><\/a>\u00a0a substantial resurgence today (April 29), with daily transactions crossing the 12,000 mark.\u00a0<\/span>This<\/span> represents a 150% increase compared to the 5,000 recorded the day before.<\/span><\/p>\n

Despite the spike, the number of daily transactions is far from the peak in mid-April when the figure skyrocketed to almost one million.<\/span><\/p>\n

Shibarium was recently in the spotlight due to two\u00a0<\/span>important<\/span>\u00a0upgrades related to its ecosystem. Earlier this month, the team behind the L2 solution\u00a0<\/span>launched<\/span><\/a>\u00a0a new user interface (UI) update, describing it as \u201cfaster, smoother, and more accessible than ever.\u201d Its\u00a0<\/span>main<\/span>\u00a0purpose is to maximize compatibility with popular self-custody wallets such as MetaMask, Coinbase Wallet, and Trust Wallet.\u00a0<\/span><\/p>\n

Last week, the developers<\/span>\u00a0<\/span>announced<\/span><\/a>\u00a0that another upgrade is due on May 2 through a \u201chard fork.\u201d The upcoming advancement aims to enhance user experience, implement quicker block processing times, and empower the community of developers and innovators.<\/span><\/p>\n

\u201cWe are also smoothing\u00a0<\/span>out<\/span>\u00a0transaction fee variations during high traffic times, making costs more predictable and fair for everyone.\u00a0<\/span>This<\/span>\u00a0ensures our platform remains affordable and accessible,\u201d the developers explained.<\/span><\/p>\n

Last but not least,<\/span>\u00a0Shibarium\u2019s marketing strategist \u2013 LUCIE \u2013\u00a0<\/span>disclosed<\/span><\/a>\u00a0on X that the decentralized exchange ShibaSwap moved to the L2 network, \u201cbringing new innovations.\u201d<\/span><\/p>\n

If you\u2019re curious to learn more about the network and its primary purposes, please check our dedicated video below:<\/p>\n\n

<\/div>\n

SHIB Price to Head North?<\/span><\/h2>\n

Shibarium\u2019s development has been touted as an essential factor that could\u00a0<\/span>proper<\/span>\u00a0a Shiba Inu price rally. Another element that could play a role is the increase of the SHIB burn rate.<\/span><\/p>\n

At one point in April the metric\u00a0exploded<\/span><\/a>\u00a0by a whopping 50,000%, resulting in millions of assets destroyed. The figure for March was impressive, too, with over 15.5\u00a0<\/span>billion<\/span>\u00a0SHIB tokens\u00a0<\/span>removed<\/span><\/a>\u00a0from circulation.<\/span><\/p>\n

The popular meme coin<\/span>, though,<\/span>\u00a0has underperformed lately, losing around 14% of its value in the past week.<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

\u00a0<\/span><\/p>\n

Inl\u00e4gget This Shibarum Metric Spikes by 150%: SHIB Price Rally in the Making?<\/a> publicerades f\u00f6rst p\u00e5 CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Shibarium experienced a significant transaction increase and announced upcoming upgrades to improve user experience and processing times. Despite these advancements and a notable spike in the SHIB token burn rate, Shiba Inu\u2019s price has fallen by 14% in a week. Shibarium\u2019s Latest Advancements Shiba Inu\u2019s layer-2 blockchain solution \u2013 Shibarium \u2013\u00a0witnessed\u00a0a substantial resurgence today […]<\/p>\n","protected":false},"author":0,"featured_media":669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nThis Shibarum Metric Spikes by 150%: SHIB Price Rally in the Making? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/sv\/this-shibarum-metric-spikes-by-150-shib-price-rally-in-the-making\/\" \/>\n<meta property=\"og:locale\" content=\"sv_SE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Shibarum Metric Spikes by 150%: SHIB Price Rally in the Making? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR Shibarium experienced a significant transaction increase and announced upcoming upgrades to improve user experience and processing times. 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