What Are the Factors That Make Shiba Inu Coin Break the Current $0.000012?
2022-05-18 15:08:36
How Is SHIB Going To Break Through The Current Price of $0.000012?
According to bloxy.info, the total number of SHIB transactions fell sharply by 67.37% from 266,66943 in Q4 2021 to 870,164 in Q1 2022. Finbold reported that SHIB fell by more than 60,000 holders in two weeks in March due to reduced demand for tokens, and as things stand, this number continues to decrease.
From the report, we can see that the Shiba Inu coin has been showing a downward trend in Q1 of 2022. But even in such a trend, there are still many investors and some whales who are very optimistic about its price direction and also continue to buy Shiba Inu coin and predict that the price of Shiba Inu coins may change after the release of the Metaverse project. Yet the half-decade or so since the release of the Metaverse project has seen no major fluctuations but has ushered in a flipping freeze period for cryptocurrencies.
May 9 was perhaps a black week for cryptocurrencies, with token prices plummeting. TerraUST, once considered a stable cryptocurrency, saw its market cap evaporate by $200 billion in a matter of days. However, after a week of volatility, the token is now relatively stable at $0.000012 but has not broken through. What are the factors that are currently influencing the trend of the Shiba Inu coin?
Recently SHIB developers announced that the upcoming second layer of the network will match Polygon's functionality. This probably means that Shibarium will have all the qualities found in the Polygon network, including cheap and faster transactions, a large number of side chains that can scale the Ethernet network, and maximum security. Perhaps the SHIB community will be a bit more active as a result when Shibarium goes live.
Travis Johnson has developed three games, one of which is its famous Brick Buster. The other two games include Candy Trips and Zombie Assassins. All of these games are available on the Google App Store. According to the company's official website, 100% of the advertising revenue they receive from the games goes to SHIB Burn.
According to bloxy.info, the total number of SHIB transactions fell sharply by 67.37% from 266,66943 in Q4 2021 to 870,164 in Q1 2022. Finbold reported that SHIB fell by more than 60,000 holders in two weeks in March due to reduced demand for tokens, and as things stand, this number continues to decrease.
From the report, we can see that the Shiba Inu coin has been showing a downward trend in Q1 of 2022. But even in such a trend, there are still many investors and some whales who are very optimistic about its price direction and also continue to buy Shiba Inu coin and predict that the price of Shiba Inu coins may change after the release of the Metaverse project. Yet the half-decade or so since the release of the Metaverse project has seen no major fluctuations but has ushered in a flipping freeze period for cryptocurrencies.
May 9 was perhaps a black week for cryptocurrencies, with token prices plummeting. TerraUST, once considered a stable cryptocurrency, saw its market cap evaporate by $200 billion in a matter of days. However, after a week of volatility, the token is now relatively stable at $0.000012 but has not broken through. What are the factors that are currently influencing the trend of the Shiba Inu coin?
Shibarium News Update
Shibarium, expected to go live in 2022, will be a platform for decentralized application developers and will host all of Shiba Inu's projects, including SHIB, The Metaverse, Shiboshi, and P2E games, among others.Recently SHIB developers announced that the upcoming second layer of the network will match Polygon's functionality. This probably means that Shibarium will have all the qualities found in the Polygon network, including cheap and faster transactions, a large number of side chains that can scale the Ethernet network, and maximum security. Perhaps the SHIB community will be a bit more active as a result when Shibarium goes live.
Shiba Inu Coins Still Keep Burning
According to statistics, the SHIB army sent 2,177,129,103 (2.17B) SHIB tokens to dead wallets in 155 separate transactions during the week of May 9. Travis Johnson's SHIB Burn Games and the SHIB-inspired token "1 Cent " was one of the top SHIB Burners last week.Travis Johnson has developed three games, one of which is its famous Brick Buster. The other two games include Candy Trips and Zombie Assassins. All of these games are available on the Google App Store. According to the company's official website, 100% of the advertising revenue they receive from the games goes to SHIB Burn.
LEASH Listed on StealthEX
The listing of LEASH allows it to be exchanged with any of the 400+ crypto assets supported by the platform. This also adds to LEASH's market capitalization and contributes to the trend of Shiba Inu coins.SHIB Listed on Rain, the Middle East's Top Cryptocurrency Exchange
Rain, the top cryptocurrency exchange in the Middle East, announced on May 13 on its Twitter platform that the Shiba Inu coin is now freely tradable on exchanges. Currently, the Shiba Inu coin is listed on 100+ cryptocurrency exchanges, including Gate.io, a veteran exchange with nine years of trading experience. And as recognition of the Shiba Inu coin increases in the Middle East market, the market value and price trend of the Shiba Inu coin will gradually rise.Popular News
