Will Shiba Inu Cryptocurrency Rise to $0.001 with Shibarium? Data Reveals Impressive Increase

Shiba Inu, the meme cryptocurrency, is once again capturing the attention of the cryptocurrency world, not because of its playful origins, but because of the disruptive potential of Shibarium, its layer 2 blockchain solution. This system has been the focus of attention, marking a significant presence in the Shiba Inu ecosystem.

Shibariumscan, a recognized blockchain data provider, has reported a surprising increase in the number of new daily contracts on the Shibarium network. Since its launch in August, the network has broken record after record, surpassing the 1.5 million block mark and approaching 2 million wallet addresses – a clear testament to its robustness and growing adoption in the Shiba Inu ecosystem. .

In parallel, a meticulous investigation of blockchain explorer data reveals remarkable facts. After a period of inactivity on the Shibarium testnet, with no transactions since November 9th, an extraordinary volume of 412,223 transactions were recorded yesterday. This number is considerably higher than the average of 240,000 daily transactions observed at the end of October on the same testnet.

Additionally, the number of active accounts on the Shibarium network jumped from zero over the past three weeks to 360,522, a notable increase that suggests intensive use of these accounts by developers to test new technologies, while the number of new accounts has remained unchanged.

Given this scenario, the question arises: When will SHIB reach the price of US$0.001? Factors such as wider adoption, token burning and continued development of the ecosystem are crucial to this achievement. Shiba Inu’s token burning policy, for example, has contributed to the token’s scarcity, with more than 200 million units already withdrawn from circulation.

Shiba Inu finds itself at a crucial moment with the market heading for a Christmas rally. Shibarium is breaking records, and the intensification of the token burn program puts the coin in a promising position in the cryptocurrency market. Even as market volatility persists, the crypto world is keeping a close eye on SHIB, waiting to see if these milestones will trigger the race to the coveted $0.001 price tag.

At the time of publication, the Shiba Inu price was quoted at US$0.00000831, up 1.4% in the last 24 hours.

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