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Will Shiba Inu Cryptocurrency Rise to $0,001 with Shibarium? Data Reveals Impressive Increase

Fast Take
  • Shibarium contributes significantly to the growth of the Shiba Inu.
  • Burning SHIB tokens can increase their scarcity and value.
  • Expanded adoption is key to reaching SHIB price of $0,001.
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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. .

At the same time, a meticulous investigation of the data from blockchain explorer 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.

Source: Puppyscan

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token burning policy, for example, has contributed to the token's scarcity, with more than 200 million units already withdrawn from circulation.

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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 $0,00000831, up 1,4% over the last 24 hours.

Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.

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