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Meanwhile, SHIB price failed to surpass the $0.00001004 resistance and fell back lower, adding another zero.
Shibarium hits epic milestone
According to Shibariumscan Explorer, Shibarium has added an incredible number of transactions over the last five days, increasing from 223,929,052 on Saturday, December 30 to 256,620,883 today. This represents an increase of 33 million transfers in less than a week. A total of 254.704 million transactions have been verified to date, the rest are awaiting finalization.
The second important Shibarium metric that has demonstrated an increase is the total number of blockchain wallets connected to this network. It reached 1,326,849, adding around 6,000 wallets and currently stands at 1,320,704.
The number of daily transfers on Shibarium also increased compared to Wednesday, when it fell to 4.37 million from 7.84 million at the end of December. At the time of writing, the total number of daily transactions stands at 6.19 million, the result of a two-day increase.
SHIB fails to move away from the new zero
After Shiba Inu’s massive 14% price drop on Wednesday, when it plunged following Bitcoin’s 7% crash, the second largest meme-inspired cryptocurrency, SHIB, made some attempts to regain the level of $0.00001 lost thanks to Bitcoin.
SHIB’s 9.94% increase was outweighed by a 3% decline, taking away this opportunity from SHIB. As of this writing, the major meme coin is changing hands at $0.00000970.
The Bitcoin price collapse was triggered by a predictive article published by Matrixport, stating that it expects the SEC to reject all spot Bitcoin ETFs at this time. This immediately led to a large number of liquidations in the cryptocurrency market: $730 million of crypto positions were eliminated.
As Shibarium-friendly founder U.Today recently reported PawZone Marketplace said that he believes that after a Bitcoin ETF is approved, the world could see spot SHIB or PAW ETFs in the future.