Shiba Inu’s Shibarium Sees Surge in Transactions and Impact on Bone Shiba Swap

One sentence summary – Shiba Inu’s Shibarium has experienced a surge in transactions, leading to scalability issues that developers have addressed, and despite technical difficulties with the block explorer, the network remains operational, contributing to the rise of Bone Shiba Swap (BONE) with significant gains in price, increased trading volume, and positive sentiment, although caution should be exercised when considering market indicators.

At a glance

  • Shibarium has seen a significant increase in transactions since its launch
  • Developers have addressed scalability issues to support the network
  • Shibarium recently went live on the mainnet despite challenges
  • Bone Shiba Swap (BONE) has experienced double-digit gains and increased trading volume
  • Market indicators for BONE, such as MACD, RSI, and CMF, should be observed with caution

The details





Shiba Inu’s Shibarium, launched on August 16, has seen a significant increase in transactions.

This surge in traffic has led to scalability issues that developers have had to address to support the network.

Shibarium Goes Live on Mainnet

Despite these challenges, Shibarium recently went live on the mainnet.

The Shibarium block explorer faced some technical difficulties and was temporarily unavailable.

However, the network itself remained functional throughout this period.

Shibarium boasts an impressive average block time of five seconds.

The network has processed over 109,000 transactions to date.

There are over 47,000 wallet addresses associated with the network.

Social Media Impact and Bone Shiba Swap

In the social media sphere, Shiba Inu’s mentions have seen a remarkable increase.

Over the past 24 hours, social mentions of Shiba Inu have increased by over 140%.

This surge in interest has also impacted Bone Shiba Swap (BONE).

BONE has registered double-digit gains in the wake of this increased interest.

In the last 24 hours, BONE’s price surged by over 11%.

This surge has brought BONE’s market capitalization to $318 million.

BONE’s trading volume has also seen an increase.

Investor sentiment towards BONE has grown more positive, indicating rising confidence in the token.

The supply of BONE on exchanges has sharply dropped.

This drop suggests a heightened buying pressure within the market.

Market Indicators and Observations

However, BONE’s Moving Average Convergence Divergence (MACD) has shown the possibility of a bullish crossover.

Other market indicators for BONE have turned bearish.

The Relative Strength Index (RSI) for BONE has taken a sideways path.

BONE’s Chaikin Money Flow (CMF) has remained below the neutral mark.

Shiba Inu’s Shibarium has experienced a surge in transactions since its launch.

This surge has necessitated improvements in scalability.

Despite technical difficulties with the block explorer, the network remains operational.

The popularity of Shiba Inu has contributed to the rise of Bone Shiba Swap (BONE).

BONE has seen significant gains in price, increased trading volume, and positive sentiment.

However, market indicators such as the MACD, RSI, and CMF should be observed with caution.


Article X-ray

Here are all the sources used to create this article:

A pixelated Shiba Inu dog surrounded by a flurry of arrows and upward graphs, symbolizing a surge in transactions and its impact on Bone Shiba Swap.

This section links each of the article’s facts back to its original source.

If you have any suspicions that false information is present in the article, you can use this section to investigate where it came from.

ambcrypto.com
– Shiba Inu’s Shibarium experienced a surge in transactions after its launch on August 16.
– Developers had to address scalability issues to support the increased traffic.
– Shibarium recently went live on the mainnet.
– Shibarium block explorer went down, but not the network itself.
The network has an average block time of five seconds and over 109k total transactions.
The network has over 47k wallet addresses.
– Shiba Inu’s social mentions increased by over 140% in the last 24 hours.
– Bone Shiba Swap (BONE) registered double-digit gains.
– BONE’s price surged by over 11% in the last 24 hours and had a market capitalization of $318 million.
– BONE’s trading volume and positive sentiment increased, reflecting investor confidence.
– BONE’s supply on exchanges dropped sharply, indicating buying pressure.
– BONE’s MACD displayed the possibility of a bullish crossover, but some market indicators turned bearish.
The Relative Strength Index (RSI) took a sideways path, and BONE’s Chaikin Money Flow (CMF) remained below the neutral mark.

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