Shiba Inu (SHIB) has declined by over 4% in the past 24 hours, extending its bearish trend. Despite this downturn, Shibarium—the layer-2 blockchain powering the Shiba Inu ecosystem—achieved a historic milestone: 1 billion transactions.
SHIB Price Performance
- Current Value: $0.00001239 (4.3% daily drop).
- Weekly Decline: 18%.
- Monthly Decline: 13%.
👉 Track SHIB’s real-time price movements for updated insights.
Shibarium’s Transaction Milestone
Launched in August 2023, Shibarium has processed 1.005 billion transactions to date, showcasing rapid adoption. Key metrics:
- Daily Transactions: 4.05 million.
- Average Block Time: 5 seconds.
- Unique Addresses: 194 million+.
Network Growth Highlights
| Metric | Value | Growth Insight |
|-----------------|------------------|------------------------|
| TVL | $2.5 million | 24% monthly increase |
| ShibaSwap TVL| 37% rise | Leading ecosystem DEX |
Trading Volume vs. Price Action
SHIB’s 24-hour trading volume jumped 20% to $229 million, yet prices continued to slide. Critical levels:
- Support: $0.0000115 (must hold to avoid further drops).
- Resistance: $0.0000152 (20% below recent peak).
Market Influence
The broader crypto downturn impacted SHIB:
- Bitcoin dropped 5.8%, triggering altcoin sell-offs.
- SHIB’s OBV (On-Balance Volume) hints at accumulating buyer interest.
- RSI Improvement: Suggests potential sentiment shift if levels stabilize.
FAQs
Q1: Why is SHIB dropping despite Shibarium’s growth?
A1: Market-wide corrections and profit-taking overshadow network achievements short-term.
Q2: What makes Shibarium significant?
A2: Faster, cheaper transactions vs. Ethereum, driving SHIB ecosystem utility.
Q3: Can SHIB recover soon?
A3: Depends on BTC stability and whether SHIB holds $0.0000115 support.
👉 Explore crypto market trends to stay ahead.
Outlook
While SHIB faces price pressure, Shibarium’s expanding use cases could bolster long-term value. Traders watch key technical levels closely for breakout signals.
### Keywords
- Shiba Inu
- SHIB
- Shibarium
- Layer-2 blockchain
- Crypto milestones
- Trading volume
- Market trends