The Shiba Inu cryptocurrency continues its upward trajectory, gaining 4% in the last 24 hours to reach $0.000025. Market optimism and developments in the Shibarium ecosystem have fueled this rise.
Recent Shiba Inu Price Surge
The recent surge in Shiba Inu's price has captured the interest of investors, including retail, despite a decrease in whale activity. The Shibarium network, a layer-2 blockchain project, has surpassed an important milestone of 500 million transactions.
Current Market Analysis
In the coming days, eyes will be on the SHIB price trends. The short-term target of $0.00003, where the boost previously stalled on November 12, is a critical test for the token's bullish momentum.
Future Prospects of Shiba Inu
According to IntoTheBlock data, 18.66 trillion SHIB were bought in the range of $0.000027-$0.00003 at an average of $0.000028. Overcoming this level could lead to further gains, but failure may result in a temporary pullback.
Shiba Inu's growth reflects positive market sentiment and successful network developments. Future resistance and support levels will determine the token's direction in the coming days.
