As a seasoned crypto investor with memories of the Shiba Inu meme coin’s humble beginnings etched in my mind, I can’t help but feel a sense of nostalgia and excitement upon hearing about the latest update to Shibarium. The Shibarium Token Asset Repository is not just another update; it’s a testament to the growth and evolution of this once-loved pup in the vast crypto jungle.
The Shiba Inu’s second layer, Shibarium, has recently undergone a significant upgrade. On platform X, Shiba Inu team member Lucie revealed the specifics of this latest Shibarium update, highlighting that the Shibarium Token Asset Repository is now active and functional.
The new Shibarium token repository supports tokens on Ethereum, Sepolia, Shibarium and Puppynet networks and is structured to help manage token images and data across multiple networks within the Shiba Inu ecosystem.
💥 LATEST SHIBARIUM NEWS 💥
The Shibarium Token Depository is now operational!
What does this imply? Token holders on Ethereum Sepolia, Shibarium, and Shibarium Puppynet can now upload images and details about their tokens to boost visibility.
It’s straightforward: if you wish your token to appear more prominent in the ecosystem, simply follow these steps…
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) November 13, 2024
In simpler terms, by being a token owner on these platforms, you have the ability to upload pictures and details of your tokens to enhance their visibility. Each platform provides a separate storage area for token images and data, which makes it convenient to find and update the token information as needed.
As an analyst, I’m thrilled to report a significant achievement: Shibarium, the platform I’ve been closely following, has surpassed half a billion transactions. This milestone, undeniably, is causing a buzz within the vibrant Shiba Inu community.
“Shibarium has now handled 500 million transactions—this just shows how powerful and relentless it is. Here’s to many more achievements ahead that will surely make us wag our tails with joy!
At present, as per Shibariumscan data, a grand total of approximately 5.03 billion transactions have been processed across 7.86 million blocks. Additionally, there are around 1.89 million unique wallet addresses in use. Over the past day, an average of about 4.7 million transactions have taken place daily.
Shiba Inu gains spotlight
At the beginning of this week, Shiba Inu stole the limelight in the cryptocurrency market, with dog-inspired meme coins driving gains and registering significant increases, outperforming major currencies.
On Sunday, the price of Shiba Inu increased significantly, climbing up to 50% from its initial price of $0.000020 to reach $0.000028. This substantial increase resulted in a large green candlestick on the daily chart.
During the recent surge, the digital currency Shiba Inu surpassed a $3 billion trading volume and once again found itself among the top 10 cryptocurrencies ranked by market value.
After climbing for three consecutive days, Shiba Inu (SHIB) peaked at $0.0000304 on Tuesday, a level not attained since April, prior to a decline. This development follows a pause in the unprecedented surge of the cryptocurrency market that started a week ago, with Bitcoin also experiencing a drop after reaching new record highs of $90,100.
Currently, Shiba Inu (SHIB) has experienced a decrease of 8% over the last 24 hours, bringing its price down to $0.00002423. The trading volume stands at approximately $2.98 billion, placing it as the 11th largest cryptocurrency. Interestingly, despite this daily drop, SHIB has shown a weekly growth of 27%.
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2024-11-13 17:26