Getting ready to erase zero?

IMPORTANT POINTS:

• The Shiba Inu has lost more than 7% over the past week, but its fundamentals could boost the price of Memcoin.
• Shibarium transactions have recovered again after a significant decline in December 2023.
• In just one day, the number of transactions increased from 4.3 million to 6.2 million.

CoinMarketCap data shows that Shiba Inu has accumulated a drop of more than 7% over the past week, despite positive catalysts on the horizon.

First of all, transaction activity for the last 24 hours on Shibari grew by more than 140%, increasing from 4.3 million per day to 6.2 million.

This is great news for investors who are worried about decline which was observed in December last year, when the number of transactions increased from 7.5 million to 4.5 million. Noticeable collapse.

As a result, analysts now expect the SHIB price to resume growth in the short term. The question is, are you ready to erase the zero?

Evolution of Shiba Inu prices

If we compare the performance Shib with major cryptocurrencies such as Bitcoin And Ethereum We will notice that memcoin has not risen that much.

Over the past twelve months, the ShiB records growth of only 15.3%and BTC and ETH rose by 159% and almost 77% respectively.

Over the past three months, however, growth has been flat, with Shiba Inu jumping 34.5%, Bitcoin up 56.6%, and Ethereum up 36%.

It is worth noting that HIB this year did not start in the best way, as did the market as a whole, recording a decline of more than 6%.