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Shiba Inu ($SHIB), the meme-inspired cryptocurrency often seen as a competitor to Dogecoin ($DOGE), is showing promising signs of a potential breakout. Over the weekend, its price surged, attracting the attention of traders once again. Despite a significant decline in market capitalization since October 2021, Shiba Inu's recent 8% price rise, along with a surge in whale transactions and an increase in the number of unique tokens in circulation, indicate positive momentum.
In the second quarter, Shiba Inu has experienced remarkable growth. Daily new addresses on the network reached over 4,000 on June 27, a staggering 357% increase compared to May 21. Additionally, the testnet for Shibarium, the layer-2 scaling solution, called Puppynet, achieved a milestone of 25 million transactions. With around 270,000 transactions processed per day, the network demonstrates significant activity.
Shiba Inu's user base has been rapidly expanding, and this growth coincides with discount deals offered by Binance and Alternative Airlines, further boosting its popularity.
In the second quarter, Shiba Inu has experienced remarkable growth. Daily new addresses on the network reached over 4,000 on June 27, a staggering 357% increase compared to May 21. Additionally, the testnet for Shibarium, the layer-2 scaling solution, called Puppynet, achieved a milestone of 25 million transactions. With around 270,000 transactions processed per day, the network demonstrates significant activity.
Shiba Inu's user base has been rapidly expanding, and this growth coincides with discount deals offered by Binance and Alternative Airlines, further boosting its popularity.
