Important points:
- The Shiba Inu has lost more than 7% in the past week but its fundamentals will boost Memecoin’s price.
- After a significant decline during December 2023, transactions on Shibarium recovered again.
- In just one day, transactions went from an average of 4.3 million to 6.2 million.
CoinMarketCap data suggests that Shiba Inu Despite positive catalysts on the horizon, the decline accumulated over 7% in the past week.
First, the transaction activity in the last 24 hours Shibarium Increased by over 140% from 4.3 million per day 6.2 million.
This is great news for investors who were worried about this reduce That was seen in December last year, as transactions fell from 7.5 million to 4.5 million. significant decline.
As a result, analysts now expect SHIB’s price to resume its upward trend in the short term. The question is, are you ready to erase the zero?
The Evolution of Shiba Inu Value
Comparing the performance of SHIB As with major cryptocurrencies Bitcoin And Ethereum We’ll see if Memecoin doesn’t rise that much.
In the last twelve months, SHIB has recorded An increase of only 15.3%While BTC and ETH experienced gains of 159% and around 77% respectively.
However, the gains over the past three months have been flat: Shiba Inu 34.5%, Bitcoin 56.6% and Ethereum 36%.
It should be noted that SHIB has not had the best start to the year like the market in general, falling over 6%.
