Explore the Shiba Inu price amid Shibarium 1 million transactions

Shiba Inu's layer-2 blockchain Shibarium has hit the one million transaction milestone in a record-breaking surge. According to Shibariumscan data, the transaction volume increased by 228.5% in a single 24-hour period, reaching a whopping 958,440. This surpasses Shibarium's previous record of 1.04 million transactions on March 16.

A recent Shibariumscan report shows that the increase in Shibarium transactions has also led to a significant rise in Shibarium transaction fees denoted in BONE. BONE is an essential token in the Shiba Inu ecosystem.

The cost has increased by more than 2,000%, from a collection size of 10 BONES on April 10 to 213 BONES today!

Shiba Inu (SHIB) and BONE (BONE) tokens, both intrinsically tied to the Shibarium ecosystem, are in the spotlight as the hype builds within the SHIB community. But amid all the excitement, there's a nagging question: How long will Shibarium's meteoric rise last? And what does meteoric rise mean for the Shiba Inu ecosystem?

Considerable attention is drawn to the Shiba Inu ecosystem. Although Shibarium is essential to decentralizing trade, it is still being determined what the future holds for Shiba Inu.

Its blockchain infrastructure's scalability and durability will undoubtedly be tested in the days to come.

Price Analysis

Currently, the Shiba Inu price is US$0.00002250. The MACD indicates a bearish trend. The value of the Relative Strength Index (RSI) is 47.52. The support level of Shiba Inu is US$0.00002212, and the resistance level is US$0.00002286. The 20 SMA is US$0.00002271.

Price Prediction

According to Coinpedia, the price of SHIB is expected to reach US$0,00003965, and the average price of SHIB will be US$0,000035215. According to this prediction, SHIB's price will drop to US$0,00003078 in 2025. As we move into 2030, the price prediction of SHIB shows that SHIB will fluctuate between US$0,00016136 to US$0,0001958, with an average estimate of US$0.00017858.