Shiba Inu’s Shibarium Achieves Milestones
Shiba Inu’s layer-2 blockchain solution, Shibarium, has reached significant milestones, surpassing 1.5 million total blocks, approaching 4 million transactions, and exceeding 1.2 million wallet addresses. Shibarium was launched to outperform other memecoins by improving transaction speeds and reducing costs. Recent data shows that SHIB’s price has increased by 2% in the past week and 12% in the past 14 days.
Shiba Inu’s Latest Achievement
The popular memecoin, Shiba Inu, continues to be a hot topic in the cryptocurrency world. One of its key features is Shibarium, a layer-2 blockchain solution that went live in August and has achieved several milestones since then. According to Shibariumscan, the network has now surpassed 1.5 million total blocks and has processed over 3.8 million transactions. Additionally, there are now more than 1.2 million wallet addresses on the network.
Shibarium’s Impact on SHIB Price
Shibarium aims to set Shiba Inu apart from other memecoins by improving transaction speed and reducing costs. This advancement is seen as a positive factor that could potentially drive up the price of SHIB. Over the past seven days, SHIB’s price has increased by 2%, and over the past two weeks, it has risen by 12%. These figures, according to CoinGecko, indicate a positive trend for SHIB.
Shiba Inu’s Token Burning Strategy
Another factor that could potentially lead to a price rally for SHIB is Shiba Inu’s token burning strategy. The project recently burned nearly 1.5 billion SHIB tokens, with a record burn of over 250 million tokens in a single day in October. This strategy aims to reduce the circulating supply of SHIB, which could create scarcity and drive up its value. In November, over 100 million tokens were burned in just 24 hours, indicating a continued commitment to token burning.
Hot Take: Shiba Inu’s Growing Success
Shiba Inu’s Shibarium has achieved significant milestones, demonstrating the project’s commitment to improving transaction speeds and reducing costs. With over 1.5 million total blocks, nearly 4 million transactions, and more than 1.2 million wallet addresses, Shibarium is positioning itself as a strong competitor in the memecoin market. Additionally, Shiba Inu’s aggressive token burning strategy has removed billions of SHIB tokens from circulation, potentially contributing to a price rally. Overall, Shiba Inu continues to attract attention and show promising growth in the cryptocurrency world.
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