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Shiba Inu has emerged as one of the top-performing digital assets this year, surpassing crypto market giants like Bitcoin and Ethereum.
Notably, this milestone occurred amid the Shibarium, reaching a record number of transactions.
Shiba Inu’s price is surprisingly struggling despite a massive burning activity by the developers of the meme coin.
In the last 24 hours, the SHIB burn rate spiked 23,133% as developers intentionally destroyed more than 13 billion tokens.
Shiba Inu developers are not resting on their oars. They are already planning the next phase of development that would drive the digital asset forward following the successful launch of the Sheboshi NFTs.
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Amid the rising excitement regarding developers’ rollout of Sheboshi tokens as the first steps of upgrading the Shibarium ecosystem, bullish and bearish factors continue to affect the short-term investment potential of Shiba Inu (SHIB).
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Shibarium, the layer-2 blockchain tailored for the Shiba Inu (SHIB) meme coin, has achieved significant milestones, signaling its expanding utility and user engagement.
Recent data reveals that the total transactions on Shibarium have soared past 3 million.