{"id":7913,"date":"2025-01-15T21:31:49","date_gmt":"2025-01-15T21:31:49","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7913"},"modified":"2025-01-15T21:31:49","modified_gmt":"2025-01-15T21:31:49","slug":"shiba-inus-shibarium-blasts-through-another-huge-milestone","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7913","title":{"rendered":"Shiba Inu\u2019s Shibarium Blasts Through Another Huge Milestone"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Shibarium has processed over 800M transactions, while the network wallets are beyond two million. Previously, it launched updates for faster blocks and token burning.<\/li>\n<li>SHIB\u2019s oversold levels and reduced selling pressure hint at potential recovery despite recent underperformance.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Shibarium_CB-35.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-378769\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Shibarium_CB-35.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Shibarium_CB-35.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Shibarium_CB-35-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Shibarium_CB-35-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Shibarium_CB-35-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/Shibarium_CB-35-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Shibarium Keeps Advancing<\/h2>\n<p><span data-preserver-spaces=\"true\">Shiba Inu\u2019s ecosystem expanded substantially in August 2023 when the layer-2 scaling solution<\/span><span data-preserver-spaces=\"true\"> \u2013 <\/span><span data-preserver-spaces=\"true\">Shibarium<\/span><span data-preserver-spaces=\"true\"> \u2013 <\/span><span data-preserver-spaces=\"true\">officially <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/shiba-inus-shibarium-officially-live-but-shib-price-suffers\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">saw the light of day<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> The protocol\u2019s primary goals are to reduce transaction costs, enhance scalability, and improve speed.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">During its relatively short existence, Shibarium hit numerous milestones, showcasing its rapid progress. Most recently, the <\/span><span data-preserver-spaces=\"true\">number of<\/span><span data-preserver-spaces=\"true\"> total transactions <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.shibariumscan.io\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">processed<\/span><\/a><span data-preserver-spaces=\"true\"> on the network surpassed 800 million.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Other Shibarium-related metrics have also surged lately. The total number of wallet addresses crossed two million, whereas total blocks are inching <\/span><span data-preserver-spaces=\"true\">away<\/span><span data-preserver-spaces=\"true\"> from the nine million mark.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Over the past several months, Shibarium <\/span><span data-preserver-spaces=\"true\">underwent<\/span><span data-preserver-spaces=\"true\">\u00a0important developments, such as\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/shiba-inu-team-announces-an-important-upgrade-on-shibarium-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">launching<\/span><\/a><span data-preserver-spaces=\"true\"> a new user interface (UI) update that improves compatibility with popular self-custody wallets.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It also <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/importnat-shiba-inu-shib-update-coming-up-next-week-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">introduced<\/span><\/a><span data-preserver-spaces=\"true\"> an update through a hard fork to implement quicker block processing times and <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/important-shiba-inu-shib-announcement\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">adopted<\/span><\/a><span data-preserver-spaces=\"true\"> a burning mechanism. <\/span><span data-preserver-spaces=\"true\">The latter differs from the original program but has the same goal<\/span><span data-preserver-spaces=\"true\">: to reduce<\/span><span data-preserver-spaces=\"true\"> the tremendous supply of Shiba Inu tokens, thus potentially making them <\/span><span data-preserver-spaces=\"true\">more valuable (assuming demand doesn\u2019t head south).<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">SHIB Price Outlook<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Shibarium\u2019s progress <\/span><span data-preserver-spaces=\"true\">is often touted<\/span><span data-preserver-spaces=\"true\"> as one of the elements that could contribute to a SHIB rally. However, the price of the meme coin has underperformed, dropping by 1.5% on a 24-hour scale.<\/span><\/p>\n<figure id=\"attachment_378767\" aria-describedby=\"caption-attachment-378767\" style=\"width: 569px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-3.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-378767\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-3.png\" alt=\"SHIB Price\" width=\"569\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-3.png 1043w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-3-300x211.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-3-1024x720.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-3-768x540.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/01\/SHIB-Price-3-50x35.png 50w\" sizes=\"auto, (max-width: 569px) 100vw, 569px\"><\/a><figcaption id=\"caption-attachment-378767\" class=\"wp-caption-text\">SHIB Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> contrasts the overall resurgence of the cryptocurrency market, where Bitcoin (BTC) briefly exceeded $97,000, while <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/xrp-nears-ath-levels-just-17-away-amid-whale-accumulation-and-sec-resistance\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">Ripple (XRP)<\/span><\/a><span data-preserver-spaces=\"true\"> reached a seven-year high of almost $2.90.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, some factors suggest that SHIB could soon catch up with the rest of the sector. For instance, the Relative Strength Index (RSI) recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/key-shiba-inu-indicator-flashes-the-buy-signal-is-shib-ready-for-a-price-reversal\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">plunged<\/span><\/a><span data-preserver-spaces=\"true\"> below the bullish zone <\/span><span data-preserver-spaces=\"true\">of<\/span><span data-preserver-spaces=\"true\"> 30. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> indicates that the asset is oversold and undervalued and could present a buying opportunity.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">SHIB\u2019s exchange netflow is also worth mentioning. Over the last seven days, outflows have significantly <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptoquant.com\/asset\/shib\/chart\/exchange-flows\/exchange-netflow-total?exchange=all_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">surpassed<\/span><\/a><span data-preserver-spaces=\"true\"> inflows (according to CryptoQuant\u2019s data), signaling a shift from centralized platforms toward private wallets. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> could be <\/span><span data-preserver-spaces=\"true\">considered<\/span><span data-preserver-spaces=\"true\"> bullish since it reduces the immediate selling pressure.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shiba-inus-shibarium-blasts-through-another-huge-milestone\/\" rel=\"nofollow\">Shiba Inu\u2019s Shibarium Blasts Through Another Huge Milestone<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Shibarium has processed over 800M transactions, while the network wallets are beyond two million. Previously, it launched updates for faster blocks and token burning. SHIB\u2019s oversold levels and reduced selling pressure hint at potential recovery despite recent underperformance. Shibarium Keeps Advancing Shiba Inu\u2019s ecosystem expanded substantially in August 2023 when the layer-2 scaling solution [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7913","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7913"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7913\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}