Shiba Inu Coin, one of the most popular same, continued to undergo a slowdown in prices. The room was exchanged $ 0.0000,1517 at the time of writing the editorial time.
Unfortunately, the situation gets worse, because several data indicate a negative growth sustained to come. Interestingly, this situation is shocking because the past success has given the community what to hope for.
However, the same is now in difficulty, with key measures pointing to a drop in the momentum. While the community seeks to know why, here are some reasons for the sale of Shiba Inu parts.
The number of Slump in Shibarium transactions
One of the visible changes to SHIB is the fall in transactions on Shibarium, its layer 2 blockchain network.
According to data, the daily transactions of the same increased from more than 4.5 million last week to less than 90,970 to February 18.
This huge reveals a sharp drop in user engagement.
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For the context, Shibarium has been introduced to strengthen the scalability of SHIB and reduce transaction costs. However, his recent slowdown raises questions about what the future has in store for us.
With 9,536,658 treated blocks and an average block time of 5.0 seconds, the network seems not to make a lot of difference. This made the investors of Shiba Inu’s play were concerned about the future.
It should be mentioned that if the network use falls do not change, it can have an impact on shib in the future. Indeed
The Shiba Inu burning mechanism, designed to reduce the food in the circulation of the token and create a rarity, also fell.
For example, in the past 24 hours, only 16,122,637 shib tokens have been removed from traffic. This marks a 23.7% drop in the burning rate per Shibburn data.
Meanwhile, a higher burning rate has hoped for sand holders in the past. Indeed
However, the recent decline suggests that community -based efforts to make this scarcity slow down.
There are now 584,297.402 904,694 sinks still in circulation on a total offer of 589 255 503 464 882 SHIB.
The Shiba Inu part has a maximum total offer of 999 982 339 482 145 Shib. This excludes 4,958,100,560 187 SHIB which are currently punctuated (XSHIB), more affecting the dynamics of liquid food.
Wider fud in the same segment: balance effect
Another major factor contributing to the decline of Shiba Inu is the rise and the drop in the same scale. Although not connected, the bad perspective of the balance has an impact on more volatile memecoins
The balance jumped after the president of Argentina, Javier Milei, promoted it in a post X now deleted. His approval triggered a rally, Pushing the capitalization capitalization of balance to $ 4.4 billion.
However, the token crashed 95% a few hours later, annihilating the evaluation of $ 4 billion.
A similar trend occurred with the Trump same, which has climbed to $ 75 billion market capitalization and fell. The market suffers from the impact of the fall in the balance.
Many wonder if Shiba Inu is dead or is always worth watching. Although opinions vary, some investors think that the same could come back when the feeling of the market changes
However, the current situation remains uncertain and investors can only monitor trends to see what will then happen.