logo
welcome
CoinGape

CoinGape

Shibarium Addresses Cross 2M After Capitulation, Can Shiba Inu Price Rise 50%?

CoinGape
Summary
Nutrition label

64% Informative

Shiba Inu price was trading at $ 0.00002225 on Tuesday , much lower than this month ’s high.

Shibarium, the layer 2 network it launched earlier this year , could be a potential catalyst for the SHIB price.

The number of addresses in the network has jumped and crossed the 2.02 million milestone, a sign that it is thriving.

There are signs that traders and speculators have started to capitulate, pointing to an eventual rebound.

The value of SHIB rose by 75% since the open interest bottomed on November 6 .

VR Score

45

Informative language

34

Neutral language

6

Article tone

formal

Language

English

Language complexity

38

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links