EtherBone

Shiba Inu

ShibaMoon

<p>The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/shibarium-hits-600m-transactions-as-shib-and-bone-face-price-pressure/" rel="noopener noreferrer nofollow">Shibarium Hits 600M Transactions as SHIB and BONE Face Price Pressure</a><a href="https://cryptosnewss.com/david-sacks-named-white-house-ai-and-crypto-czar/" rel="noopener noreferrer nofollow"> </a>appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.</p><p>Shibarium, Shiba Inu’s Layer-2 solution, has hit milestones in transactions and addresses. Shibarium’s TVL recently reached an all-time high, reflecting its expanding utility.</p><p>As Shibarium thrives, its impact on SHIB’s price and market momentum remains a focal point for investors.</p><h2 id="header-0">Shiba Inu milestone in L2</h2><p>The <a href="https://cryptosnewss.com/shiba-inu-hits-record-65000-burn-rate-what-this-means-for-shib-investors/" rel="noopener noreferrer nofollow">Shiba Inu’s</a> L2, Shibarium, has recently crossed a major <a href="https://www.shibariumscan.io/stats" rel="noopener noreferrer nofollow">transaction milestone</a>. In the past week, the number of transactions crossed the 500 million mark.</p><p>As of this writing, the transactions have crossed another milestone, going over 600 million.</p><p>Also, the L2 has seen another milestone in the number of addresses, crossing 2 million. Daily active addresses also surged recently, spiking to over 12,000 on the 8th of December.</p><p>However, it has declined as of this writing, dropping below 2,000.</p><h2 id="header-1">Shibarium TVL explodes</h2><p>According to the data, the Shiba Inu Shibarium’s Total Value Locked (TVL) has seen a meteoric rise, climbing to over $6 million—a level not seen before within the ecosystem.</p><p>This growth reflects increasing user confidence in Shibarium as a scalable solution within the broader Shiba Inu network.</p><p>The spike in TVL aligns with the network’s consistent uptick in transactions, suggesting that the platform’s utility is rapidly expanding.</p><h2 id="header-2">SHIB correlates with Shibarium’s traction</h2><p>As Shibarium grew in activity, SHIB experienced a notable rally. From the lows of $0.000017 in mid-June, SHIB’s price surged past $0.000027 in early December, tracking investor optimism and ecosystem development.</p><p>However, recent retracements in SHIB’s price <a href="https://cryptosnewss.com/shiba-inus-big-move-770-billion-shib-tokens-withdrawn-whats-next/" rel="noopener noreferrer nofollow">highlight</a> the market’s current consolidation phase. With Shibarium achieving new milestones, can SHIB sustain its upward momentum in the face of broader market fluctuations?</p><h2 id="header-3">What lies ahead for SHIB?</h2><p>Despite its recent retracement, SHIB remained in a strong uptrend on the daily chart. The 50-day moving average acted as support at $0.00002357, providing a potential bounce point for bullish momentum.</p><p>The RSI was 50.60, indicating neutral momentum but leaving room for upward movement if buying interest resumes.</p><p>Meanwhile, the volume has declined slightly, suggesting traders await a decisive breakout above key resistance at $0.000030.</p><p>SHIB’s price movement appears closely tied to the continued success of Shibarium.</p><p>Any positive developments in the ecosystem, such as further increases in TVL or new partnerships, could spark renewed investor interest.</p><p>The post <a href="https://cryptosnewss.com/shibarium-hits-600m-transactions-as-shib-and-bone-face-price-pressure/" rel="noopener noreferrer nofollow">Shibarium Hits 600M Transactions as SHIB and BONE Face Price Pressure</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.</p>

Shibarium Hits 600M Transactions as SHIB and BONE Face Price Pressure

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