Shibarium regains color after several complicated weeks. Data shows a clear acceleration in Shiba Inu layer 2 crypto network activity. In just four days, transactions on Shibarium increased by 100%. Enough to arouse the optimism of certain investors. For other crypto traders, however, the previous rebounds observed since the end of May call for caution.
In brief
- The Shibarium crypto network shows a 100% increase in four days according to data from ShibariumScan.
- This rebound is part of a series of five similar peaks since the end of May, each followed by a rapid collapse in activity.
- The real test of maturity for Shibarium will be the persistence of this rebound beyond seven consecutive days.
Shibarium regains momentum after several difficult weeks
According to ShibariumScan data, daily transactions of layer 2 crypto network of Shiba Inu increased from 1,300 on June 10 to 2,600 on June 13. This represents a 100% jump in just four days. The figures therefore confirm a resumption of activity after a period marked by low network usage.
According to crypto analysts, data provided by ShibariumScan require a more nuanced reading. The fact is that this same pattern repeated itself four times between the end of May and the beginning of June.
- On May 31, Shibarium recorded a surge to 7,220 daily transactions before quickly losing momentum.
- On June 8, the crypto network also reached 3,990 transactions before falling back to 1,300 a few days later.
Despite the increase in transactions, the crypto market still refuses to change course
Many crypto investors do not consider the current performance of Shibarium like a trend reversal. Their attention is focused more on the network's ability to maintain activity for several weeks.
This skepticism is explained in particular by the general context of crypto market. Indeed, recent increases in many digital assets often lead to new waves of sales.
Another important indicator: the Crypto Fear & Greed index at 21. This level reflects strong investor caution after several months of poor performance on the main cryptocurrencies.
Even technical signals continue to send a cautious message. Certainly, Shibarium's activity is progressing. However, the overall technical sentiment on the SHIB token remains classified in Sell mode. The proof: out of four aggregated signals, only one currently validates a buying scenario.
The platform also indicates that the crypto SHIB is currently moving below its medium and long-term moving averages. In other words, blockchain activity is growing faster than trader confidence. To see a real change in dynamics emerge, the market is probably waiting for several confirmations:
- a lasting increase in transactions;
- feedback from buyers on SHIB;
- a reduction in selling pressure;
- an improvement in overall crypto market sentiment.
The future of SHIB now depends on how long the movement lasts
The real issue no longer concerns the 100% increase observed in recent days. Crypto investors especially want to know if Shibarium can escape the cycle of ephemeral rebounds observed since the end of May. Most consider two options:
- a stabilization of activity which would strengthen the credibility of the crypto network and support the Shiba Inu ecosystem;
- a further fall in transactions which would fuel the doubts already present.
There sustainability of traffic on Shibarium therefore remains the main barometer to monitor. If this recovery takes hold over time, the current market reading could quickly change. Otherwise, this 100% increase will join the list of numerous surges observed in recent weeks.
One thing is certain: the structural balance of the Shiba Inu crypto ecosystem has just changed. The next few days are particularly important as they determine the future trajectory of the network. File to follow…
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