Shibarium price skyrockets 30%, activity rises

Shibarium’s substantial increase in overall traction indicates the cryptocurrency industry’s advancement. When comparing the current day to the previous, the fact that 905 accounts were utilized in transactions on Shibarium in a single day indicates a substantial increase of 30%.

The abrupt surge in activity can be attributed to increased engagement by existing Shibarium accounts rather than new listings, according to data published by Shibariumscan. The increase in the volume of current accounts on Shibarium by nearly 40% in the two preceding days of March can be attributed to a more significant factor.

It is a source of pride for the ecosystem to possess 64,693 accounts. In addition to the cumulative count of addresses reaching 1.365 million. Furthermore, it is noteworthy that the daily volume of transactions occurring on the network has surged to a remarkable 2.34 million.

One notable example is how the significant price variations associated with Shibu Inu tokens correspond to the growing popularity of Shibarium. Throughout the re-evaluation period, the price of the coveted cryptocurrency increased by more than 33%, reaching a peak of $0.0000235, its highest level since April 2022.

Over the course of the previous week, SHIB prices have surged unpredictably, exceeding their value by 127%. The recent surge in interest in Shibarium, coupled with the volatility in the price of the Shiba Inu token, indicates a shift in the cryptocurrency landscape.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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