Along with the general market trend, the Shiba Inu (SHIB) token is still seeing a sharp decrease. Shiba Inu’s value as of this writing is $0.000006946, up 0.40% over the last 24 hours. Even while the bulls are getting ready to seize control of the market, they are still clearly losing the battle on a weekly basis because the price is still down by more than 4%.
Shiba Inu is still poised for at least two significant milestones in the near future despite the seeming attack. The average block time has stayed constant at 5.0 seconds, according to data from Shibarium Scan, although the number of transactions and wallet addresses has been steadily increasing.
Shiba Inu is building the necessary trust to draw more people into its ecosystem, despite the fact that external influence in the digital currency ecosystem cannot be ignored. The Layer-2 scaling solution for Ethereum is aiming for this number, which will increase to 3.5 million in the near future, with the total number of transactions currently estimated at 3,383,413.
The ecosystem is expected to attract more trustworthy users in the near future, increasing the number of active wallet addresses from the current 1.25 million to 1.3 million.
Synchronizing growth factors
Shiba Inu will right now gain a lot by coordinating all of the growth forces it can summon, including both fundamental and technological occurrences.
Shibarium comes to mind as the obvious starting point for adding additional users who can ultimately aid it in reaching one of the two important milestones outlined. Additionally, the ongoing burning of SHIB to strengthen the token’s position as a deflationary protocol continues to be an option that might support the fundamentals of the coin.
Despite the present unfavourable market trends, the outlook for Shiba Inu has remained rather positive.
