Shiba Inu Down 2%: Can Shibarium’s Explosive Growth Fuel A SHIB Rally?

Shiba Inu (CRYPTO: SHIB) is down 2% on the day, but its Layer-2 blockchain, Shibarium, is gaining in momentum with new developments.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Shiba Inu (CRYPTO: SHIB)  $0.00001353 $7.97 billion -1.9%  +5.3% 
Dogecoin (CRYPTO: DOGE)  $0.1778 $26.5 billion  -1.3% +7.2%
Pepe (CRYPTO: PEPE)  $0.058943  $3.8 billion -0.5%  +8.5% 

Trader Notes: Shiba Inu community figure Shib Knight noted that SHIB is currently mimicking Dogecoin’s historical price structure, a pattern that could precede significant upside if history repeats.

Echoing that bullish tone, trader Marcus Corvirus says SHIB “is ready to explode,” adding that the current rally is gaining more strength than its February move.

Full story available on Benzinga.com