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Shiba Inu is no longer a memecoin for the social hype, but a growing ecosystem with real utility. Here’s what you need to know regarding SHIB developments.
Shiba Inu, also known as “Dogecoin Killer”, has been in the crypto spotlight following a 9% price surge in the past 24 hours. Per CoinMarketCap, the memecoin has seen a 35.53% surge in trading volume. This follows the launch of the Shibarium Dappstore, aiming to boost its dominance in the digital economy.
Additionally, the network has hit 1 billion Shibarium transactions and a 825% surge in SHIB’s burn rate. A mid these developments, the memecoin has broken a key resistance level on the 4-hour chart, clearing both CHoCH and BOS levels.
The Price is fluctuating around $0.00001394 as SHIB bulls push stronger. With the memecoin’s momentum strengthening, SHIB could be eyeing $0.00001500 as the mid-term target.
