Shiba Inu

Shibarium’s activity spiked by 40% on February 16, leading to the removal of another zero from the SHIB price. This surge was driven by a sudden increase in new BONE transfers. As a result, the SHIB token currently holds the 17th position in terms of market cap.<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />In a big development for the Shiba Inu community, Shibarium saw a 40% surge in activity on February 16. This increase pushed the <a href="https://cryptosheadlines.com/dogecoin-price-prediction-can-doge-hit-0-1-amid-meme-coins-rally/" rel="noopener noreferrer nofollow">price of the beloved meme coin</a>, Shiba Inu, to $0.00001.<h3 id="shibarium-activity-boosts-shiba-inu-s-price-surge">Shibarium Activity Boosts Shiba Inu’s Price Surge</h3>According to Shibariumscan, new <a href="https://cryptosheadlines.com/shibarium-hits-1-million-blocks-will-bone-price-surge/" rel="noopener noreferrer nofollow">BONE transfers on Shibarium surged</a> from 415 on February 13 to over 47,714 on February 15. This uptick in activity propelled the <a href="https://cryptosheadlines.com/huobi-to-list-new-meme-token-following-pepe/" rel="noopener noreferrer nofollow">meme token</a>, Shiba Inu, comfortably above the $0.0000098 level, as reported by CoinMarketCap on Monday.In January, the <a href="https://cryptosheadlines.com/us-fed-chair-signals-two-additional-rate-hikes-as-cryptocurrency-market-experiences-volatility/" rel="noopener noreferrer nofollow">cryptocurrency market experienced heightened volatility</a>, with many assets facing challenges. However, in recent days, the situation has reversed, bringing significant benefits to the meme token.Mid-February witnessed a remarkable 40% increase in Shibarium network activity for Shiba Inu. This surge contributed to the ongoing <a href="https://cryptosheadlines.com/shytoshi-kusama-rallies-shib-influencers-for-unity-push/" rel="noopener noreferrer nofollow">SHIB rally</a>, resulting in the removal of another zero from its price. The notable growth is primarily attributed to the <a href="https://cryptosheadlines.com/todays-crypto-prices-sei-and-bone-rise-hbar-rally-slows-down/" rel="noopener noreferrer nofollow">rise in new BONE</a> transactions on the network.Thanks to this substantial growth, the SHIB token now holds the 17th spot in terms of market capitalization, boasting a current market cap of $5.77 billion.<h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /><h3 id="factors-behind-bone-and-shiba-inu-s-behavior">Factors Behind BONE and Shiba Inu’s Behavior</h3>BONE’s Performance: Early February witnessed a 20% surge in BONE’s value, accompanied by an accumulation phase. However, market observers have since been puzzled by the token’s behavior, along with <a href="https://cryptosheadlines.com/shib-weekly-burn-spikes-on-shiba-inu-network-milestone/" rel="noopener noreferrer nofollow">Shiba Inu’s network</a> activity.<a href="https://cryptosheadlines.com/sui-emerges-as-top-defi-inflow-destination/" rel="noopener noreferrer nofollow">Also Read: Sui Emerges as Top DeFi Inflow Destination</a>New Initiative Announcement: Notably, this surge coincides with the unveiling of a new initiative by the Shiba Inu team. They announced plans to <a href="https://cryptosheadlines.com/shib-burns-surge-8-5-billion-tokens-vanish-161540-jump/" rel="noopener noreferrer nofollow">burn SHIB tokens</a> using a portion of SHEBoshi revenues, a move aimed at enhancing the value of the cryptocurrency. The team also introduced SHEBoshi NFTs on Valentine’s Day to complement existing Shiboshi NFTs.Market Sentiment Impact: The recent surge can also be attributed to prevailing market sentiment, particularly Bitcoin’s recent milestone. <a href="https://cryptosheadlines.com/us-inflation-rate-drops-to-4-9-in-april-bitcoin-surpasses-28k/" rel="noopener noreferrer nofollow">Bitcoin surpassed</a> the $52,000 mark, achieving a two-year high, which has had a positive ripple effect on several altcoins, including SHIB. This surge helped the crypto market reclaim a $1 trillion market cap.Anticipation for Altcoin Dominance: With anticipation for increased altcoin dominance, especially leading up to the upcoming Bitcoin Halving event, tokens like SHIB are expected to experience further upward momentum. Investors are eagerly awaiting the potential impact of these events on SHIB’s trajectory.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Shiba Inu’s Shibarium Surges 40% Towards $0.00001

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