Despite the Shibarium achievement, Shiba Inu has harder days to endure as… 

AMBCrypto
AMBCrypto

29 Jun 2023 4:30 PM

The total number of transactions on Shibarium just crossed the 25 million mark. However, SHIB investors had reasons for concern. ...

  • Shibarium, the platform associated with Shiba Inu (SHIB), has seen increased usage and reached a milestone with over 25 million transactions and nearly 17 million wallets.
  • Despite Shibarium's growth, SHIB's market capitalization has sharply declined, causing concerns about its position on the top crypto list.
  • SHIB's price has decreased by over 11% in the last seven days, and its trading volume and investor interest have also declined.
  • On-chain metrics and market indicators for SHIB remain bearish, with high net deposits on exchanges suggesting selling pressure.
  • However, Bone ShibaSwap (BONE), another token associated with Shiba Inu, has seen a price increase of nearly 10% in the last seven days.

The article highlights both positive and negative developments for Shiba Inu (SHIB) and its associated tokens. Shibarium's growth and increased usage are positive, but SHIB's market capitalization decline, price decrease, and bearish indicators are negative. On the other hand, Bone ShibaSwap (BONE) has seen a price increase, which is a positive development.

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You May Ask

What milestone did Shibarium recently reach?How has SHIB's market capitalization been performing?What are the on-chain metrics and market indicators for SHIB?How has Bone ShibaSwap (BONE) been performing compared to SHIB?

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