Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Shiba Inu’s Shibarium Network Soars 50%: What’s Next?
TRADING NEWS

Shiba Inu’s Shibarium Network Soars 50%: What’s Next?

By Crypto FlexsMay 27, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Shiba Inu’s Shibarium Network Soars 50%: What’s Next?
Share
Facebook Twitter LinkedIn Pinterest Email

The Shibarium network, integrated into the Shiba Inu (SHIB) ecosystem, has seen a notable surge in on-chain activity.

New transactions at Shibarium increased nearly 50%, from 5,150 on Friday to 7,691 on Sunday, according to data from Shibariumscan. This surge highlights the growing interest within the network.

Shiba Inu expected to rise 32%?

In addition, the total number of Sybarium accounts also increased significantly. Starting from 105,367 users on May 1, it reached 113,732 users by May 27, indicating strong expansion and growing trust in the platform.

Shibarium functions as an Ethereum Layer 2 solution, improving the scalability and transaction efficiency of the Ethereum blockchain. This aims to significantly reduce transaction times and costs, in line with Shiba Inu’s goal of evolving from a memetic origin to a widely utilized cryptocurrency.

Read More: 12 Best Shiba Inu (SHIB) Purses of 2024

The ecosystem was further developed recently with the integration of ShibaSwap, a native decentralized exchange (DEX), into Shibarium on May 16th. This strategic move is part of a broader effort to increase Shibarium’s usability and appeal.

Shiba Inu developer Kaal Dhairya emphasized the team’s commitment to continuous improvement.

“This version focuses on discovery, so all the creative geniuses out there are using memes! We will continue to push updates and upgrades on a regular basis going forward and make sure everyone remembers that this is a marathon and not a race,” said Dhairya.

Shiba Inus also exhibit a variable contraction pattern (VCP). These technical patterns, characterized by increasingly narrow price movements, are often viewed by traders as indicators of a potential breakout.

If SHIB successfully breaks the neckline at $0.00002631, it is likely to surge about 32% from the current market price towards the resistance at $0.00003282.

Read More: 6 Best Platforms to Buy Shiba Inu (SHIB) in 2024

Shiba Inu (SHIB) price-performance ratio. Source: TradingView

However, if this breakout is not achieved, the price may fall back to the support level of $0.00002345. A break below this level could trigger the next important support at $0.00002052.

disclaimer

In accordance with Trust Project guidelines, this price analysis article is provided for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate and unbiased reporting, but market conditions may change without notice. Always do your own research and consult with a professional before making any financial decisions. Our Terms of Use, Privacy Policy and Disclaimer have been updated.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025
Add A Comment

Comments are closed.

Recent Posts

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Why experts say that 99%of the traders are wrong

September 4, 2025

ChainUp Named Double Finalist At Thomson Reuters’ ALB Pan-Asian Regulatory Awards 2025

September 4, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Most Popular

Hong Kong financial authorities warn public about fraudulent websites and fake emails

June 9, 2024

Coinbase’s $20 Million AERO Investment Review: ‘Think Why…’

November 17, 2024

Ethereum price indicator flashing green: Will there be more upside ahead?

June 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.