Shibarium's 1,557% increase: Will SHIB rise?

Shiba Inu (SHIB), the second largest memecoin by market value, is preparing for a potential rise accompanied by the layer-2 blockchain Shibarium.

The memecoin wind continues to blow in the crypto market. Many memecoins achieved striking increases throughout October. MEW, TURBO, MOG and POPCAT in particular attracted investors.

SHIB's performance, which is among the memecoins that investors showed great interest in, fell short of expectations. SHIB increased by only 17.4 percent throughout October. SHIB's biggest rival, DOGE, increased by 27.44 percent during the same period.

AMBCrypto prepared a striking analysis for SHIB. The analysis predicted that active accounts on Shibarium increased by 1,557 percent and that this increase could be reflected in the price.

One of Shiba Inu’s most important initiatives, the Shibarium blockchain, hosted a 1,557 percent increase in active accounts. Shibarium, which has 1.76 million daily transactions, has excited the SHIB community. The community believes that a bull run similar to the bull run in the SUI ecosystem may begin.

AMBCrypto made striking comments in its Shiba Inu (SHIB) analysis.

Stating that $SHIB investors are in great anticipation, the analysis stated that the structure formed in the price chart gave mixed signals. The analysis suggested that there was a lack of upward momentum in SHIB.

According to the analysis, remarkable signals emerged in the MACD and RSI values ​​​​of the SHIB price. The MACD indicator showed that the momentum could change soon and price volatility could begin. On the other hand, the RSI level of 51.42 indicated stagnation.

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