{"id":565430,"date":"2023-12-14T17:00:50","date_gmt":"2023-12-14T17:00:50","guid":{"rendered":"https:\/\/uniquehot.com\/?p=565430"},"modified":"2024-06-11T14:43:16","modified_gmt":"2024-06-11T14:43:16","slug":"shib-roars-as-shibarium-hits-100-million-transactions-big-things-unfolding","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shib-roars-as-shibarium-hits-100-million-transactions-big-things-unfolding\/","title":{"rendered":"SHIB Roars As Shibarium Hits 100 Million Transactions \u2013 Big Things Unfolding"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu\u2019s layer-2 blockchain Shibarium has breached the 100 million transaction milestone. This brought more exposure to SHIB which has led to a big jump in price. According to <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\">, the token is up nearly 8% in the weekly, with the biggest bump happening in the bi-weekly timeframe at 23%.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Shibarium\u2019s recent achievement isn\u2019t the only thing positive on SHIB this week. With the broader market seemingly ending the year on the green, Shiba Inu aims to follow suit.\u00a0<\/span><\/p>\n<h2><b>Shibarium In The New Age<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/www.shibariumscan.io\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Shibariumscan<\/span><\/a><span style=\"font-weight: 400\">, the L2 chain has been experiencing an exponential jump since its official launch back in August this year.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/solana-enjoys-better-pastures-as-sol-blows-through-70\/\" target=\"_blank\" rel=\"noopener \">Solana Shows Its Mettle As SOL Barrels Past $70 \u2013 Details<\/a><\/div>\n<p><span style=\"font-weight: 400\">Today, December 14, daily transactions reached 7.36 million with the total transactions processed reaching 105.2 million. This growth can be attributed to the dev team\u2019s recent activities behind the scenes.\u00a0<\/span><\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-565431\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-94.png?resize=560%2C234\" alt=\"\" width=\"560\" height=\"234\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-94.png?w=560 560w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/a-94.png?w=460 460w\" sizes=\"(max-width: 560px) 100vw, 560px\">Source: Shibariumscan<\/pre>\n<p><span style=\"font-weight: 400\">This year, Shibarium is set to transition from the Goerli Network to the Sepolia Network as its layer 1 chain.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThis strategic shift is instrumental in ensuring that developers have access to a reliable and consistent platform for testing their dApps and smart contracts. This is planned to go live [on] December 15th, 2023 by which the current Puppynet will stop working,\u201d the dev team <\/span><a href=\"https:\/\/blog.shib.io\/shibarium-puppynet-upgrade-and-burning\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> earlier this month.<\/span><\/p>\n<pre style=\"text-align: center\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/0n32zG2f\/\" width=\"1273\" height=\"522\">SHIB market cap currently at $5.909 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ZUMCtHpo\/?symbol=CRYPTOCAP:XRP\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">According to the blog post, SHIB burns come in two phases: manual and automatic. As of writing, Shibarium is in the manual phase with an <\/span><a href=\"https:\/\/www.tronweekly.com\/shiba-inu-to-burn-big-this-week-3-burns-planned\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">estimated<\/span><\/a><span style=\"font-weight: 400\"> 3 massive manual burns coming this month. This would further decrease the supply available on the market, placing upward pressure on SHIB\u2019s price.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/okx-dex-loses-over-400000-to-hackers-what-happens-to-customer-funds\/\" target=\"_blank\" rel=\"noopener \">OKX DEX Loses Over $400,000 To Hackers \u2013 What Happens To Customer Funds?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Another influence on SHIB\u2019s price is the broader market rally observed in the past few days. <\/span><a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\"> data shows that the market is up nearly 6% in the daily timeframe. If this trend continues, SHIB will continue to give gains to the bulls.\u00a0<\/span><\/p>\n<h2><b>Bulls Aim To Knock Another Zero Off<\/b><\/h2>\n<p><span style=\"font-weight: 400\">SHIB is currently on its way to knock another zero off of its price as the bulls break through the $0.00000997 price level. If the bulls can stabilize the token at this price point, further gains can be speculated shortly.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the over-reliance of SHIB\u2019s price action on major coins like ETH and BTC might be a problem in the long term. As of writing, the market\u2019s current trajectory is held only Bitcoin\u2019s very bullish past few days. If this streak ends, SHIB will face a very bloody week.\u00a0<\/span><\/p>\n<p><em>Featured image from Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu\u2019s layer-2 blockchain Shibarium has breached the 100 million transaction milestone. This brought more exposure to SHIB which has led to a big jump in price. According to Coingecko, the token is up nearly 8% in the weekly, with the biggest bump happening in the bi-weekly timeframe at 23%.\u00a0 Shibarium\u2019s recent achievement isn\u2019t the only thing positive on SHIB this week. With the broader market seemingly ending the year on the green, Shiba Inu aims to follow suit.\u00a0 Shibarium In The New Age According to Shibariumscan, the L2 chain has been experiencing an exponential jump since its official launch back in August this year.\u00a0 Related Reading: Solana Shows Its Mettle As SOL Barrels Past $70 \u2013 Details Today, December 14, daily transactions reached 7.36 million with the total transactions processed reaching 105.2 million. This growth can be attributed to the dev team\u2019s recent activities behind the scenes.\u00a0 Source: Shibariumscan This year, Shibarium is set to transition from the Goerli Network to the Sepolia Network as its layer 1 chain.\u00a0 \u201cThis strategic shift is instrumental in ensuring that developers have access to a reliable and consistent platform for testing their dApps and smart contracts. This is planned to go live [on] December 15th, 2023 by which the current Puppynet will stop working,\u201d the dev team announced earlier this month. SHIB market cap currently at $5.909 billion. Chart: TradingView.com According to the blog post, SHIB burns come in two phases: manual and automatic. As of writing, Shibarium is in the manual phase with an estimated 3 massive manual burns coming this month. This would further decrease the supply available on the market, placing upward pressure on SHIB\u2019s price. Related Reading: OKX DEX Loses Over $400,000 To Hackers \u2013 What Happens To Customer Funds? Another influence on SHIB\u2019s price is the broader market rally observed in the past few days. Coingecko data shows that the market is up nearly 6% in the daily timeframe. If this trend continues, SHIB will continue to give gains to the bulls.\u00a0 Bulls Aim To Knock Another Zero Off SHIB is currently on its way to knock another zero off of its price as the bulls break through the $0.00000997 price level. If the bulls can stabilize the token at this price point, further gains can be speculated shortly.\u00a0 However, the over-reliance of SHIB\u2019s price action on major coins like ETH and BTC might be a problem in the long term. As of writing, the market\u2019s current trajectory is held only Bitcoin\u2019s very bullish past few days. If this streak ends, SHIB will face a very bloody week.\u00a0 Featured image from Shutterstock<\/p>\n","protected":false},"author":557,"featured_media":565435,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,83740,92559],"tags":[134,85699,3505,83668,83667,87680],"class_list":["post-565430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-shiba-inu","category-shiba-inu-coin","tag-altcoin","tag-memecoin","tag-price-analysis","tag-shib","tag-shiba-inu","tag-shibarium"],"acf":[],"yoast_head":"\n<title>SHIB Roars as Shibarium Hits 100 Million Transactions \u2013 Big Things Unfolding<\/title>\n<meta name=\"description\" content=\"Shiba Inu\u2019s layer-2 blockchain Shibarium has breached the 100 million transaction milestone. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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