Shiba Inu has recently completed its Developer Hub update, introducing new tools for developers, which led to a significant increase in Shibarium network activity.
Shiba Inu Developer Hub Upgrade
The Shiba Inu development team has updated its official documentation portal. New resources, which were previously scattered across forums and community chats, are now integrated into a unified access platform. Built on the Mintlify framework, the site simplifies the integration processes within the Shibarium system. New features include tutorials on running a validator node and transferring assets to Shibarium, as well as updated libraries and SDKs for dApp creation.
Shibarium Transaction Statistics
Following the upgrade, Shibarium's activity statistics also saw a surge. Data from Shibariumscan indicated that the network reached 1.42 billion total transactions since its launch, recording over 3.85 million transactions per day. However, this increase in activity has not yet translated into a significant price movement for the SHIB token, which was trading at around 0.00001401.
Predictions for Shiba Inu Price Growth
Analyst CryptoElites highlighted a possible 17x breakout setup for SHIB price. Currently, SHIB is within a symmetrical triangle, which historically indicates significant breakouts when accompanied by volume confirmation. The price is anticipated to rise to at least $0.00023 if resistance is broken. However, maintaining support on the ascending trendline will be crucial for this scenario to unfold.
The upgrades to the Developer Hub and the rise in Shibarium activity may provide a boost for further price increases of Shiba Inu. As infrastructure develops and engagement grows, this could lead to optimistic forecasts for the token.
