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Shiba Inu has nosedived by over 5% in the past 24 hours to $0.00002567. This unexpected downturn comes despite positive advancements within other ecosystem performance metrics, including the SHIB burn rate and trading volume.
Despite this recent decline, these major performance milestones may help Shiba Inu regain its footing in the coming days. Furthermore, a significant rebound in SHIB’s value could be imminent given the projected SHIB transaction boom.
As previously reported, Shibarium has set an all-time high for the number of transactions processed, reaching 669,053,714. This remarkable achievement underscores the potential for Shiba Inu to recapture its earlier momentum and potentially experience a resurgence in price.
While it is uncertain whether the cryptocurrency market will continue to exhibit bearish sentiments influenced by broader Bitcoin trends, Shibarium’s recent success suggests that SHIB could be primed for a comeback.
Source: u.today
