'Extremely Bullish On The Direction Of SHIB' Says Shiba Inu Community Member; Shibarium Celebrates 100M Transactions
Portfolio Pulse from Khyathi Dalal
Shibarium, a layer-2 solution for Shiba Inu (CRYPTO: SHIB), has surpassed 100 million transactions, coinciding with SHIB's listing on Japanese exchange Coincheck. The community is bullish, with plans to burn over $1.1 million worth of SHIB. Coincheck's listing of SHIB is seen as a significant development, and the token's price is up 2.23% over the past 24 hours, with a 20% increase over the month.
December 14, 2023 | 9:51 pm
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Shiba Inu's ecosystem growth with Shibarium's transaction milestone and Coincheck listing, along with a significant token burn event, are bullish indicators for SHIB's short-term price.
The positive sentiment from the Shiba Inu community, the milestone of 100 million transactions on Shibarium, and the listing on a major Japanese exchange are likely to increase investor confidence and demand for SHIB, potentially driving up its price in the short term. The planned burn event is expected to reduce supply, which could also contribute to upward price pressure.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100