Tuesday, February 7

Shiba Inu’s Price Spikes As The Shibarium Launch Edges Close, Investors Are Bullish On the Asset

The imminent update of the Shibarium has called back the hope of the investors of the Shiba Inu. It is worth noting that Shiba Inu rallied above $0.000011 and the investors hope to see Shiba Climbing at the $0.000012 level as the Shibarium upgrade event edges closer. Shiba Inu finally hit $0.000011 today, which comes two months after its price fell to a low of $0.00000850 due to the collapse of FTX. 

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Shiba Inu’s Price Reacts Positively Ahead Shibarium, Investors Is Bullish

Notably, the Shiba Inu has enjoyed a significant rally since last week following a series of events that occurred within its ecosystem, including an expansion of the asset’s use case.

The asset has a spike of 7.81% as it broke through the first and second significant resistance levels at $0.00000983 and $0.00001020, respectively. 

Despite reclaiming $0.000011, Shiba Inu is yet to hit the price level of $0.000012.

Furthermore, although the asset has just reclaimed the $0.000011, it eagers to overcome the $0.00001103. As previously said, the update of the Shibarium is a sure step for the asset to hits above $0.000012.

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The upcoming layer-2 network has continued to be a major drive for investors’ appetite in Shiba Inu. 

It is worth noting that the Shibarium promised to bring along some features like lower transaction fees and the ability to burn SHIB tokens via each transaction on the network.

More also, the lead developer, Shytoshi Kusama, hinted at the development of the Shibarium.


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