{"id":380636,"date":"2024-04-01T06:30:57","date_gmt":"2024-04-01T01:00:57","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=380636"},"modified":"2024-03-31T23:11:09","modified_gmt":"2024-03-31T17:41:09","slug":"what-to-expect-from-shib-as-shibarium-reaches-this-milestone","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/what-to-expect-from-shib-as-shibarium-reaches-this-milestone\/","title":{"rendered":"What Shibarium&#8217;s latest update means for SHIB&#8217;s price"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Sentiment around Shiba Inu turned bearish over the last few days.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Most metrics looked bearish on SHIB.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">After weeks of bull rallies, the entire crypto market somewhat turned sluggish, and <\/span><a href=\"http:\/\/ambcrypto.com\/category\/shiba-inu-news\/\"><span style=\"font-weight: 400;\">Shiba Inu [SHIB]<\/span><\/a><span style=\"font-weight: 400;\"> did not stray from the norm. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the meme coin\u2019s price action did not impress, it&#8217;s much-talked about Layer 2, Shibarium, showcased an impressive performance.\u00a0<\/span><\/p>\n<h4><b>Shiba Inu lies low<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">According to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CoinMarketCap<\/span><\/a><span style=\"font-weight: 400;\">, the world\u2019s second-largest meme coin\u2019s value has surged by nearly 9.5% in the last seven days. However, the momentum slowed down over the past few days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the last 24 hours, SHIB\u2019s value only moved up by 2%. At the time of writing, the meme coin was trading at $0.00003047 with a market capitalization of over $17.9 billion. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The slow-moving price action took a toll on SHIB\u2019s social metrics. AMBCrypto\u2019s analysis of Santiment\u2019s data revealed that SHIB\u2019s Social Volume dropped last week. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bearish sentiment around it also increased, which was evident from the drop in its Weighted Sentiment.<\/span><\/p>\n<figure id=\"attachment_380637\" aria-describedby=\"caption-attachment-380637\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-14.52.48-31-Mar-2024.png\"><img decoding=\"async\" class=\"wp-image-380637 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-14.52.48-31-Mar-2024.png\" alt=\"Shiba Inu's social metrics dropped\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-14.52.48-31-Mar-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-14.52.48-31-Mar-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-14.52.48-31-Mar-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-14.52.48-31-Mar-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-14.52.48-31-Mar-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-14.52.48-31-Mar-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-14.52.48-31-Mar-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-380637\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h4><b>Shibairum is taking the baton forward<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">While Shiba Inu remained sluggish, Shibarium\u2019s network activity surged. AMBCrypto&#8217;s look at Shibariumsca.io\u2019s <\/span><a href=\"https:\/\/www.shibariumscan.io\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed that the L2 had already processed over 400 million transactions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, its total number of transactions exceeded 413 million. Its number of processed blocks was also high, with only about 40k left from reaching the 4 million mark. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">During this time, it had a daily transaction count of over 58k, with a total number of wallets touching 1.38 million. <\/span><\/p>\n<figure id=\"attachment_380638\" aria-describedby=\"caption-attachment-380638\" style=\"width: 2532px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-31-at-2.56.25\u202fPM.png\"><img decoding=\"async\" class=\"wp-image-380638 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-31-at-2.56.25\u202fPM.png\" alt=\"\" width=\"2532\" height=\"948\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-31-at-2.56.25\u202fPM.png 2532w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-31-at-2.56.25\u202fPM-300x112.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-31-at-2.56.25\u202fPM-1024x383.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-31-at-2.56.25\u202fPM-768x288.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-31-at-2.56.25\u202fPM-1536x575.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-31-at-2.56.25\u202fPM-2048x767.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/Screenshot-2024-03-31-at-2.56.25\u202fPM-1200x449.png 1200w\" sizes=\"(max-width: 2532px) 100vw, 2532px\" \/><\/a><figcaption id=\"caption-attachment-380638\" class=\"wp-caption-text\">Source: Shibariumscan.io<\/figcaption><\/figure>\n<h4><b>Will this help SHIB?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Though Shibarium\u2019s performance was remarkable, SHIB might not positively react to this anytime soon. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMBCrypto&#8217;s analysis of Glassnode\u2019s data revealed that Shiba Inu\u2019s network-to-value (NVT) ratio registered a slight uptick on the 28th of March. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A rise in the metric suggests that an asset is overvalued, hinting at a price drop.\u00a0<\/span><\/p>\n<figure id=\"attachment_380639\" aria-describedby=\"caption-attachment-380639\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/glassnode-studio_shiba-inu-network-value-to-transactions-ratio-nvt-5.png\"><img decoding=\"async\" class=\"wp-image-380639 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/glassnode-studio_shiba-inu-network-value-to-transactions-ratio-nvt-5.png\" alt=\"Shiba Inu's NVT Ratio increased slightly\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/glassnode-studio_shiba-inu-network-value-to-transactions-ratio-nvt-5.png 1800w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/glassnode-studio_shiba-inu-network-value-to-transactions-ratio-nvt-5-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/glassnode-studio_shiba-inu-network-value-to-transactions-ratio-nvt-5-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/glassnode-studio_shiba-inu-network-value-to-transactions-ratio-nvt-5-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/glassnode-studio_shiba-inu-network-value-to-transactions-ratio-nvt-5-1536x864.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/glassnode-studio_shiba-inu-network-value-to-transactions-ratio-nvt-5-1200x675.png 1200w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><\/a><figcaption id=\"caption-attachment-380639\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">SHIB&#8217;s Supply on Exchanges increased slightly after a drop in the last few days. Additionally, its supply is held by top addresses declined. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both of these metrics suggested that selling pressure was high on Shiba Inu, further indicating that its price might drop.\u00a0<\/span><\/p>\n<figure id=\"attachment_380640\" aria-describedby=\"caption-attachment-380640\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-15.00.59-31-Mar-2024.png\"><img decoding=\"async\" class=\"wp-image-380640 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-15.00.59-31-Mar-2024.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-15.00.59-31-Mar-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-15.00.59-31-Mar-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-15.00.59-31-Mar-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-15.00.59-31-Mar-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-15.00.59-31-Mar-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-15.00.59-31-Mar-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBA-INU-SHIB-15.00.59-31-Mar-2024-1200x406.png 1200w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-380640\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/shiba-inu-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Shiba Inu\u2019s [SHIB] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2024-25<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">As per the Bollinger Bands, SHIB\u2019s price was in a less volatile zone, minimizing the chances of a northbound price movement. Nonetheless, the Relative Strength Index (RSI) rose above the neutral mark. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This indicates that, despite the negative metrics, SHIB\u2019s price action might turn volatile in the coming days.<\/span><\/p>\n<figure id=\"attachment_380641\" aria-describedby=\"caption-attachment-380641\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBUSDT_2024-03-31_15-04-04.png\"><img decoding=\"async\" class=\"wp-image-380641 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBUSDT_2024-03-31_15-04-04.png\" alt=\"\" width=\"2710\" height=\"1516\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBUSDT_2024-03-31_15-04-04.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBUSDT_2024-03-31_15-04-04-300x168.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBUSDT_2024-03-31_15-04-04-1024x573.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBUSDT_2024-03-31_15-04-04-768x430.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBUSDT_2024-03-31_15-04-04-1536x859.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBUSDT_2024-03-31_15-04-04-2048x1146.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/03\/SHIBUSDT_2024-03-31_15-04-04-1200x671.png 1200w\" sizes=\"(max-width: 2710px) 100vw, 2710px\" \/><\/a><figcaption id=\"caption-attachment-380641\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu\u2019s growth declined over the last few days, but Shibarium\u2019s network activity continued to rise.<\/p>\n","protected":false},"author":75,"featured_media":380642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,6388,4,20],"tags":[],"class_list":["post-380636","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-shiba-inu-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - 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