Shibarium testnet continues to expand and reach new heights
Shiba Inu enthusiast KURO🐾SHIBARMY JPN (@kuro_9696_9696) shared some data on the milestones recently achieved by the SHIB army on the recently launched Shibarium beta.
In particular, in the past 24 hours, the number of interactive wallets on Shibarium’s Puppynet saw a massive increase of nearly two million, from 4,059,878 to 5,833,845.
The total number of transactions increased from 3,149,432 to 3,234,888 during the same period.
Average block time:
— KURO🐾SHIBARMY JPN🇯🇵 (@kuro_9696_9696) April 15, 2023
SHIB price is looking to rise
Prominent crypto analyst Crypto Rand tweeted on Friday: “All eyes are on SHIB. He’s looking for a breakout.”
A screenshot of a chart shared by the analyst shows that since August last year, the prominent meme token has completed the Falling Wedge pattern on several occasions. These were followed by an escape. Now Shiba Inu has formed this reversal pattern again, so the coin may move up significantly, according to the analyst.
eyes on $SHIB 🐶 it’s looking for escape! pic.twitter.com/kRZHxt8pFo
— Crypto Rand (@crypto_rand) April 14, 2023
As of this writing, the second-largest dog-themed crypto SHIB is changing hands at $0.00001128, according to CoinMarketCap.
Among trending cryptocurrencies, SHIB now overtakes Ethereum, according to the same data source, despite the fact that ETH has recently gained momentum and pushed it above the $2,000 level. This week, Ethereum finally rolled out the Shapella upgrade, which allowed investors to withdraw their ETH from the Beacon Chain deposit contract.
Many, however, have started investing even more Ethereum there. By social mentions, however, Ethereum is well ahead of Shiba Inu, according to data from LunarCrush.