Shiba Inu Surpasses Dogecoin, Floki With 4% Surge — SHIB Developer Says Shibarium 'Almost Ready' To Reopen
Portfolio Pulse from Mehab Qureshi
Shiba Inu (CRYPTO: SHIB) has seen a 4% increase in the past 24 hours, outperforming Dogecoin (CRYPTO: DOGE) and Floki (CRYPTO: FLOKI). This comes after Shibarium, Shiba Inu’s Layer-2 network, announced its impending relaunch with enhanced features. Shibarium, supported by SHIB tokens, aims to establish its position in the blockchain industry with a focus on metaverse and gaming applications.
August 23, 2023 | 6:51 am
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NEGATIVE IMPACT
Floki has seen a decline of 0.4% within the same 24-hour period.
Floki's decline may not be directly related to the news about Shibarium's relaunch, but it's worth noting that it's mentioned in the same context.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Shibarium, an Ethereum layer-2 network, is set to relaunch with enhanced features.
The news about Shibarium's relaunch may not directly impact Ethereum's price, but it's worth noting that Shibarium is an Ethereum layer-2 network.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Dogecoin has seen a 0.08% increase in the past 24 hours.
Dogecoin's slight increase may not be directly related to the news about Shibarium's relaunch, but it's worth noting that it's mentioned in the same context.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Shiba Inu's price has increased by 4% following the announcement of Shibarium's relaunch.
The announcement of Shibarium's relaunch, which is supported by SHIB tokens, has likely contributed to the increase in Shiba Inu's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100