Shibarium has already mined 9,995,183 blocks, leaving only 4,817 blocks before reaching its next big landmark. The network processes a block every 5.0 seconds, so this milestone should happen within days.
The blockchain’s impressive transaction speed reflects its efficiency. So far, Shibarium has recorded 996,064,116 transactions from 173,056,716 addresses. It now processes 2.17 million daily transactions, a strong jump from February’s figures. These numbers demonstrate Shibarium’s rapid adoption and growing influence on Ethereum’s scalability.
Can This Growth Impact SHIB’s Market Performance?
As Shibarium approaches its milestone, investors and traders eagerly watch for price movements. Many believe that increased adoption could lead to stronger partnerships, greater token utility, and positive price action.
However, the SHIB community remains split. Some expect a bullish surge, while others worry about ongoing market volatility affecting price stability. Despite the blockchain’s technological success, SHIB’s price continues to struggle.
SHIB’s Price Drops 4.29% Despite Shibarium’s Success
Although Shibarium’s growth impresses, SHIB’s price has not reflected the same optimism. As of now, SHIB trades at $0.00001261, marking a 4.29% decline in the past 24 hours.
Several factors contribute to this price drop. First, crypto market volatility continues to affect asset prices, including SHIB. Second, trading volume has dropped 45.30%, now sitting at $199.2 million. Lastly, investor sentiment remains cautious, as traders wait for a stronger bullish catalyst before making significant moves.
What Could Drive a SHIB Price Rebound?
Shibarium reaching 10 million blocks is a major achievement, but will it be enough to boost SHIB’s price? The answer depends on several factors.
New partnerships and integrations could increase token utility. More developer activity and dApp launches within the Shibarium ecosystem could boost demand. A general market recovery and positive sentiment could also support a price rebound. However, price movement ultimately depends on how investors react to these changes.
Should Investors Buy the Dip?
With SHIB down 4.29%, some traders view this as an opportunity to buy at a lower price before a potential rebound. Others prefer to wait and see how Shibarium’s milestone affects the broader market.
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One thing remains clear: Shibarium’s influence is growing rapidly, and its performance could play a key role in shaping SHIB’s future. Whether the milestone leads to a price surge or not, the blockchain continues to expand at an impressive rate.
