Is SHIB Prepared for a Price Rise?

[BitTorrent]

Is SHIB Prepared for a Price Rise?


TL;DR

• Shibarium has experienced significant transaction growth and announced upcoming upgrades to improve user experience and transaction times.
• Despite these developments and the significant increase in the SHIB token burn rate, the price of the Shiba Inu dropped by 14% in a week.

Latest Developments of Shibarium


shiba inu‘s layer-2 blockchain solution – Shibarium – I witnessed There was a significant revival today (April 29) and daily transactions exceeded the 12,000 mark. This representing a 150% increase compared to the 5,000 recorded the previous day.

Despite the spike, the number of daily transactions remains a long way from the peak in mid-April, when the figure jumped to almost a million.

Shibarium has been in the spotlight lately for two reasons important Upgrades to its ecosystem. The team behind the L2 solution earlier this month started A new user interface (UI) update described as “faster, smoother, and more accessible than ever before.” Her Mother Its purpose is to maximize compatibility with popular self-storage wallets such as MetaMask, Coinbase Wallet, and Trust Wallet.

Last week developers announced He said another upgrade will happen via “hard fork” on May 2. The upcoming advancement aims to improve the user experience, implement faster block processing times, and strengthen the community of developers and innovators.

“We also soften outside Transaction fee changes during times of heavy traffic make costs more predictable and fair for everyone. This “developers ensure our platform remains affordable and accessible,” he said.

Last but not least, Shibarium’s marketing strategist – LUCIE – announced He said X decentralized exchange ShibaSwap has moved to the L2 network, “bringing new innovations.”

If you want to learn more about the network and its key purposes, please check out our exclusive video below:


Will SHIB Price Go North?


The development of Shibarium has been touted as an important factor. smooth Shiba Inu price increase. Another element that may play a role is the increased SHIB burn rate.

Metric at some point in April Exploded It caused the destruction of millions of beings, a massive 50,000%. The March figure was also impressive; above 15.5 trillion SHIB tokens removed from circulation.

Popular meme moneyAgain, It has underperformed recently, losing nearly 14% of its value in the past week.

SHIB Price, Source: CoinGecko


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