Shibarium disappointments: The Shiba Inu army chooses another track

The Shibarium is not intended to increase the price of SHIB. But he is capable of propelling memecoin to the moon. Except that the idleness of the crypto community is delaying this long-awaited Shiba Inu bull run. To speed things up, Lucie, marketing manager of this crypto project, urges SHIB fans to be much more active, to collaborate. Decryption!

In short

  • Lucie, SHIB strategist, provides explanations on the sine qua non conditions of a bull run for the Shiba Inu cryptocurrency
  • Some crypto analysts report a bullish signal for SHIB

Shibarium snubbed by crypto traders?

THE rushed launch of the Shibarium last August 16 must have cost Shiba Inu developers dearly, and crypto investors fond of this memecoin. After a few days of maintenance, requiring the intervention of the Polygon team, Shiba Inu’s layer 2 Ethereum blockchain was functional again on the mainnet.

Three weeks later, the SHIB is struggling to take off. The very crypto so beloved by Americans unfortunately shows a drop of 13.2% on a scale of 1 month.

Lucie explains the conditions for increasing the burn rate of Shiba Inu

When will Shibarium launch SHIB burn?

Bad question!

The real question is ‘When are you all going to migrate exchanges and start using Shibarium?’ (hello DeFi, remember bankrupt exchanges like FTX).

Burns are set per transaction, not based on burn tweets.

With millions of holders, why not support this initiative?

Fees are currently almost negligible, but may increase with greater traffic.

It’s adorable how people advertise burns and never use Shibarium, but the fact is SHIB burns are a community effortnot a call from developers saying ‘Do something’.

To initiate burns, you must actively use Shibarium. The more you use it, the more you contribute to burns. »

Going back through the history of this tweet, U°Today revealed that the SHIB burn issue had caused a wave of controversies at the level of the crypto community. Moreover, LUCIE also received lightning from cryptocurrency traders after her call for more use of Shibarium.

Why would she want a migration of crypto exchanges to Shibarium, when the SHIB combustion mechanism lacks transparency?

Certainly, the SHIB crypto burn portal has already been announced, but it is not yet functional.

Will SHIB crypto climb again?

In the columns of Crypto Potatowe were treated to an in-depth analysis of theprice evolution of the Shiba Inu cryptocurrency.

Apparently, the SHIB has found a support that will promote the feedback from buyersincluding individual and institutional crypto investors.

Below are the details:

  • Key support level between $0.000.0070 and $0.000.0064;
  • Main resistance levels between $0.0000075 and $0.0000080.
SHIB price evolution (support and resistance) – Source: TradingView

The return of SHIB crypto buyers is expected since the “ support at $0.000.0070 managed to stop the downtrend “. L’reaching a higher low level reflects an upward trend. Probably, the resistance at $0.0000075 could be tested in the near future.

Furthermore, it should be noted the probability of a breakup given the interest shown by SHIB buyers. But in the event of strong seller opposition at this key resistance level, the crypto itself will not take off.

At the time of writing, the Shiba Inu altcoin was trading at $0.000.00735 per coin. However, crypto analysts have advised monitoring the key resistance levels mentioned above since SHIB has already reached its lowest level. Hopefully LUCIE’s call to burn Shiba is heard by the community to see the realization of SHIB’s dream at 1 cent.

Receive a summary of the news in the world of cryptocurrencies by subscribing to our new service newsletter daily and weekly so you don’t miss anything of the essentials!

Similar Posts