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In a surprising turn of events, Shiba Inu’s layer 2 blockchain solution, Shibarium, has seen a phenomenal increase in transaction activity over the past 24 hours.
Shibarium scan the data revealed an extraordinary spike, with the number of transactions processed rising from 4.37 million to a staggering 6.19 million, a staggering increase of over 141% in a single day.
This unexpected surge comes at a crucial time for Shiba Inu, as the cryptocurrency has seen a decline in activity in recent weeks, with daily transactions dropping from 7.52 million to less than 4.5 million since the end of 2023, marking a low point that lasts more than a year. month.
However, Shibarium’s sudden increase in transactional activity has breathed new life into the Shiba Inu ecosystem, leaving industry observers speculating about the future trajectory.
Is SHIB ready?
Simultaneously, the price of Shiba Inu’s native token SHIB showed notable momentum. Impressively recovering by over 19% after a recent large-scale decline, SHIB managed to rally back to $0.00000984. Although it’s still far from a more attractive number with just four zeros after the decimal point, this recovery raises questions about whether SHIB can erase any of those zeros.
The focal point of attention now focuses on whether this increase in Shibarium transactional activity is a sign of a sustainable recovery or simply a short-term rebound for Shiba Inu.
The community is eagerly waiting to see if the Shiba Inu token can regain its momentum amid renewed activity at Shibarium, which begs the question: is SHIB price ready to clear a zero?