SHIB Surges To New Highs
Shiba Inu’s Shibarium launch has been a topic of discussion for months, but no actual launch has occurred. A recent announcement by the developer suggests another launch, leading to a more lucrative upward trend in SHIB value since August.
Kaiko’s recent post highlights Shiba Inu’s positive price trend, with a 25% increase in value since July 1. The daily chart shows a significant shift, with a 12.9% drop on June 10 causing a 40% rebound. August was a strong month, with a 15% surge in value in one trading period, marking the highest increase in nearly five months. The recent positive trend can be attributed to a July 31 article by chief developer Shytoshi Kusama suggesting the upcoming Shibarium launch, driving the need to “mint the remaining supply of BONE and renounce the BONE contract.”
(With inputs from Shikha Singh)
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