As a seasoned crypto investor with memories of mining Bitcoin back in its early days, I find myself intrigued by the latest developments within the Shiba Inu ecosystem. The strong developer activity on Shibarium, despite the decline in daily transactions and new accounts, is a promising sign for those who believe in the long-term potential of this meme coin.
TL;DR
- Shibarium, the layer-2 solution for Shiba Inu, saw strong developer activity with a rise in deployed contracts, but daily transactions and new accounts have sharply declined.
The Web3 game Shiba Eternity introduced new features and improvements, while the SHIB price increased by 2.5% amid a broader market recovery.
Solid Activity on Shibarium
As an analyst, I’d like to share some insights from our Marketing Strategist, known as LUCIE on X handle. They recently disclosed updates about significant projects within the SHIB ecosystem. Notably, they mentioned that Shibarium, our layer-2 scaling solution, has reached a three-month peak in deployed contracts. This indicates robust developer activity.
Despite some recent setbacks, it appears that one of the few bright spots for the network as of late is Shibarium. Unfortunately, a large number of key performance indicators are trending downwards. For instance, data reveals that daily transactions processed on Shibarium currently stand at under 2,000 – a staggering 93% decrease compared to the numbers seen in late August. Additionally, both the number of new accounts and active accounts have experienced a significant decline as well.
Shibarium saw the light of day approximately a year ago. It is specifically designed to foster the development of the Shiba Inu ecosystem by enhancing scalability, lowering transaction costs, and improving speed. For more updates on the ecosystem, make sure to check out our Shibarium news.
The upcoming progress pertains to the Web3 game, Shiba Eternity. LUCIE emphasized the enhancements, such as updated leaderboards and a revised rewards system, aimed at improving user experience. Additionally, the X user mentioned that the team has rectified earlier problems concerning freezing, loading times, gameplay synchronization, and card effects.
As a passionate crypto investor, I’m excited to share that I recently learned about Shiba Eternity, an engaging card game where players can gather, swap, and clash with cards showcasing characters, themes, and items influenced by the iconic Shiba Inu meme. Just recently, LUCIE announced that the closed beta for this game is now active!
SHIB Price Outlook
Based on insights from certain members of the industry, potential advancements in Shibarium might boost the value of Shiba Inu. At present, this popular meme coin has seen a 2.5% increase in its daily price, trading around $0.00001348.
The slight comeback occurs hand-in-hand with the broader revival of the cryptocurrency market. In this market, Bitcoin (BTC) momentarily reached above $58,000, and Ethereum (ETH) broke through the barrier of $2,350.
The meme coin realm is well in the green, too, with Dogecoin (DOGE), dogwifhat (WIF), Floki Inu (FLOKI), Bonk Inu (BONK), and many more charting substantial gains. Meanwhile, cat-themed tokens like Popcat (POPCAT) and Kittecoin (KOIN) have stolen the show, recording double-digit price increases.
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2024-09-10 17:42