Shiba Inu (SHIB) has achieved a significant milestone in its on-chain record. With its recent breakthrough, SHIB has set a new standard in the cryptocurrency world.
The Shiba Inu community celebrated as the on-chain data revealed an impressive feat. SHIB has now established itself as a force to be reckoned with in the blockchain space. This accomplishment showcases the growing popularity and widespread adoption of the SHIB token.
This notable achievement by SHIB demonstrates its strong potential and attractiveness to investors and enthusiasts alike. The record-breaking performance of SHIB further solidifies its position as a prominent player in the crypto market.
The remarkable on-chain record achieved by Shiba Inu (SHIB) is a testament to its rising influence and evolving capabilities. It serves as a remarkable milestone that highlights the continued growth and success of this dynamic cryptocurrency.
Congratulations to Shiba Inu (SHIB) for its remarkable accomplishment in breaking a significant on-chain record.
Key factors to look at:
- Shiba Inu’s Shibarium network has achieved a significant milestone in transaction and user growth, demonstrating its success in improving the efficiency of the ecosystem.
- The surge in price and dominance in the trading volume of this meme coin highlights investor interest and the potential for significant profits and losses due to market volatility.
The Latest Achievement of Shiba
Developments related to the popular meme coin Shiba Inu continue to captivate cryptocurrency enthusiasts, particularly due to the large number of SHIB holders. On March 7, the coin made headlines once again with the progress of its layer-2 blockchain solution, Shibarium. Data reveals that the total number of transactions on the network has surpassed 400 million. LUCIE, the Marketing Strategist for Shibarium, commended this achievement and congratulated the community for their contribution.
The network currently boasts over 1.3 million wallet addresses, and earlier this week, the total number of blocks exceeded 3.5 million. Shibarium, launched in August of last year, aims to enhance the Shiba Inu ecosystem by reducing transaction fees, improving speed, and increasing efficiency.
Additional SHIB Advancements
As the second-largest meme coin, Shiba Inu has recently experienced a significant price surge. According to CoinGecko’s data, SHIB is currently trading at $0.00003253, marking a 230% increase over the past 14 days. In the last 24 hours, the trading volume of Shiba Inu has surpassed $5 billion, outperforming other altcoins such as Dogecoin (DOGE), Cardano (ADA), and Ripple (XRP). Additionally, the burn rate of SHIB has seen a remarkable resurgence, skyrocketing by 30,000% at one point last week.
While SHIB’s price rally presents an opportunity for substantial profits, it is important to note that dealing with meme coins of this nature can also result in significant losses due to the notorious volatility of the sector. If you are considering entering the ecosystem, it is advisable to familiarize yourself with common mistakes to avoid.
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