{"id":343813,"date":"2023-09-16T01:00:58","date_gmt":"2023-09-15T19:30:58","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=343813"},"modified":"2023-09-15T14:55:46","modified_gmt":"2023-09-15T09:25:46","slug":"shibarium-declines-after-hitting-ath-will-shib-face-the-music","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/shibarium-declines-after-hitting-ath-will-shib-face-the-music\/","title":{"rendered":"Shibarium declines after hitting ATH: Will SHIB face the music?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Shibarium transactions were on the decline after hitting their all-time high.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">SHIB was on a consecutive uptrend as the price increase continued.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A few days ago, Shiba Inu&#8217;s [SHIB] L2 platform, Shibarium, experienced a surge in transactions, reaching an all-time high since its restart. Nevertheless, this initial excitement appears to have waned somewhat. Has this had any impact on SHIB&#8217;s price trend?<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"http:\/\/ambcrypto.com\/calculator\/shiba-inu-profit-calculator\" target=\"_blank\" rel=\"noopener\">SHIB Profit Calculator<\/a><\/p>\n<hr \/>\n<h4><b>Shiba Inu\u2019s L2 sees decreasing transactions<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Following its restart after an initial setback, <a href=\"http:\/\/ambcrypto.com\/shiba-inu-nearly-500k-wallets-have-shibarium-on-lock\/\" target=\"_blank\" rel=\"noopener\">Shibarium<\/a>\u00a0recently experienced a surge in transactions, achieving a historic high just a few days ago. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data from its <a href=\"https:\/\/www.shibariumscan.io\/\" target=\"_blank\" rel=\"noopener\">Shibariumscan<\/a> indicated a consistent upward trend, with daily transactions peaking at over 200,000 on 11 September. However, at the time of this update, the transaction volume had slightly decreased to approximately 183,000.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, the scanner reported that the cumulative number of transactions on the platform had surpassed 2.6 million, and the total number of wallets had exceeded 1.2 million.<\/span><\/p>\n<h4><b>SHIB 24-hour burn rate declines<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Over the last 24 hours, Shiba Inu&#8217;s native token SHIB experienced a significant decrease in its burn rate. <a href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener\">Shibburn&#8217;s<\/a> data revealed a nearly 50% reduction in SHIB&#8217;s burn rate within this timeframe. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, over the past 24 hours, an impressive 31 million <a href=\"http:\/\/ambcrypto.com\/shiba-inu-heres-whats-blocking-a-5-potential-gain\/\" target=\"_blank\" rel=\"noopener\">SHIB<\/a> tokens were burned, contributing to a cumulative total burn of over 410 trillion as of this writing.<\/span><\/p>\n<h4><b>Shiba Inu\u2019s addresses become less active<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The Santiment metric tracking 30-day active addresses for <a href=\"http:\/\/ambcrypto.com\/shiba-inu-can-bulls-respond-after-shibs-latest-price-dip\/\" target=\"_blank\" rel=\"noopener\">Shiba Inu<\/a> indicated a consistent decline in active user engagement. This trend commenced with a notable decrease in active addresses around July, and it has continued to trend downward since that initial drop. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of this writing, the number of 30-day active addresses stands at approximately 79,000.<\/span><\/p>\n<figure id=\"attachment_343847\" aria-describedby=\"caption-attachment-343847\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBA-INU-SHIB-09.16.37-15-Sep-2023.png\"><img decoding=\"async\" class=\"wp-image-343847 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBA-INU-SHIB-09.16.37-15-Sep-2023.png\" alt=\"Shiba Inu 30-day active addresses\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBA-INU-SHIB-09.16.37-15-Sep-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBA-INU-SHIB-09.16.37-15-Sep-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBA-INU-SHIB-09.16.37-15-Sep-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBA-INU-SHIB-09.16.37-15-Sep-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBA-INU-SHIB-09.16.37-15-Sep-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBA-INU-SHIB-09.16.37-15-Sep-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-343847\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><b>SHIB detaches from the downtrend<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">In the daily timeframe chart of <a href=\"http:\/\/ambcrypto.com\/shiba-inus-response-to-shibarium-looks-bleak-why\/\" target=\"_blank\" rel=\"noopener\">Shiba Inu<\/a>, there was a noticeable trend of consecutive upticks over the past four days. During this period, SHIB has witnessed a cumulative increase of over 4%. As of this writing, it continued to trade with a price increase, albeit less than 1%.<\/span><\/p>\n<figure id=\"attachment_343849\" aria-describedby=\"caption-attachment-343849\" style=\"width: 1491px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBUSDT_2023-09-15_08-28-41.png\"><img decoding=\"async\" class=\"wp-image-343849 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBUSDT_2023-09-15_08-28-41.png\" alt=\"SHIB\/USDT price trend\" width=\"1491\" height=\"707\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBUSDT_2023-09-15_08-28-41.png 1491w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBUSDT_2023-09-15_08-28-41-300x142.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBUSDT_2023-09-15_08-28-41-1024x486.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/09\/SHIBUSDT_2023-09-15_08-28-41-768x364.png 768w\" sizes=\"(max-width: 1491px) 100vw, 1491px\" \/><\/a><figcaption id=\"caption-attachment-343849\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The chart also illustrated the significance of the short and long Moving Averages, represented by the yellow and blue lines, respectively. These Moving Averages served as immediate and long-term resistance levels for SHIB.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">How much are 1,10,100 SHIBs worth today?<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">However, it&#8217;s worth noting that despite these consecutive uptrends, Shiba Inu has not managed to escape its overall bearish trend, as evidenced by its Relative Strength Index (RSI). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of this writing, the RSI remained below 40, indicating a bearish sentiment. Nevertheless, there were signs of an emerging uptrend in the indicator.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu&#8217;s Shibarium roared to a transaction high but now faces questions. SHIB&#8217;s burn rate dips, active addresses decline, yet an RSI uptrend suggests hope in the market.<\/p>\n","protected":false},"author":76,"featured_media":343852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,4,20],"tags":[],"class_list":["post-343813","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Shibarium declines after hitting ATH: Will SHIB face the music? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Shibarium and Shiba Inu\u2019s token have been seeing contrasting trends recently, with SHIB going up and Shibarium transactions going down.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/shibarium-declines-after-hitting-ath-will-shib-face-the-music\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shibarium declines after hitting ATH: Will SHIB face the music? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Shiba Inu&#039;s Shibarium roared to a transaction high but now faces questions. 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