- Shiba Inu’s price has surged for 7 consecutive days, sparking speculation of a $0.00001 target.
- Despite a bearish market, Shiba Inu has shown impressive performance, sparking $0.00001 predictions.
- With the continued development of its network, Shiba Inu’s 7-day surge fuels $0.00001 expectations.
In a turning point for cryptocurrency, Shiba Inu (SHIB), one of the world’s most popular dog-themed altcoins, has witnessed its market price surge by more than 10% over the past 7 days, even in the face of a bearish market. This surge has ignited speculation that the coin’s value could soon hit the much-anticipated $0.00001 milestone.
Shiba Inu’s performance in the past 7 days has been nothing short of exceptional, as it continues to outshine market conditions. Not only has it defied resistance levels, but it has also experienced a great price surge since the previous week’s dip, with its market capitalization reclaiming a staggering $4 billion.
This surprising price surge has brought hope to the Shiba Inu community, who chose to hold onto their SHIB tokens despite the price dip in previous weeks. Over a trillion SHIB tokens have reached their break-even point, regaining their initial value and bringing 18.58 trillion SHIB tokens into profitable territory. These profitable tokens now account for 40.9% of the total circulating supply of Shiba Inu.
Many attribute this surprising price surge to the community’s efforts and the continuous work of the development team. The team introduced a new project called Shibacals, a collaboration studio bridging the digital and real-life worlds. The launch of Shibacals brings the ecosystem one step closer to Shibarium, the layer-2 scalability solution expected to be released sometime this year.
Furthermore, the Shibarium network’s native test network, Puppynet, has crossed more than 20 million transactions from 16 million wallets, indicating a significant demand that could boost the value of SHIB tokens in the long term.
The Shibarium development has generated excitement in the crypto community and has also attracted significant investment. On-chain data reveals that one of the biggest SHIB investors added another $10 million worth of the tokens to holdings recently, bringing their total holdings to 5.3 trillion SHIB – worth $35 million at current prices.
As the Shiba Inu ecosystem continues to evolve, Shibarium is touted as a major breakthrough. A virtual land metaverse based on Shibarium is planned for a partial release later this year, allowing users to create their own avatars – fashioned as humanoid dogs – to explore, visit and interact with lands and contribute to the in-game economy.
This series of developments underscore the positive future of Shiba Inu. With its current performance and exciting projects on the horizon, SHIB is poised to continue its upward trajectory and may soon reach its $0.00001 target.
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