Shiba Inu (SHIB) Achieves Milestones with Shibarium and Record-Breaking Token Burn Rates

Shiba Inu (SHIB) has recently achieved significant milestones, notably with its Layer-2 scaling solution Shibarium processing over 5.5 million blocks and nearing 420 million transactions.

Shiba Inu (SHIB) has enjoyed a remarkable seven-day rally of 22%, making it one of the best-performing cryptocurrencies in the top 100. This surge comes amidst a broader market recovery, with the total crypto market cap adding over $100 billion in the past week.

However, SHIB has stood out with its exceptional performance, even outpacing the seven-day gains of Bitcoin (BTC) and Ethereum (ETH). This surge has also positioned SHIB to potentially outpace the recent action of JasmyCoin (JASMY).

As SHIB continues to burn, it sets the stage for a potential price rally. Join our Telegram channel to stay up-to-date on SHIB burns and other breaking crypto news.

Shiba Inu (SHIB) achieves milestones with Shibarium and record-breaking token burn rates

Shiba Inu (SHIB) has recently achieved significant milestones, notably with its Layer-2 scaling solution Shibarium processing over 5.5 million blocks and nearing 420 million transactions. The network boasts over 1.8 million wallet addresses, with daily transactions surpassing 14,000, marking a 100% increase from previous figures. Shibarium, launched in August last year, aims to enhance SHIB’s efficiency by reducing transaction costs and improving scalability.

Another major development for SHIB is its burning mechanism, which saw a remarkable surge, burning over 900 million SHIB tokens in June alone. This aggressive burn rate, with 301.68 million tokens incinerated in a single day on July 1, has significantly reduced the circulating supply of SHIB. As a result, market optimism has surged, which is reflected in SHIB’s recent price gain as well as its status as the 13th largest cryptocurrency, exceeding $9.7 billion.

Looking forward, the intensified burn rate signals bullish sentiment among investors and traders, driven by the prospect of a scarcer supply enhancing SHIB’s long-term value. The community anticipates further upgrades to the burning mechanism, which could continue to impact SHIB’s price positively in the future and position it as one of the best cryptos to buy in 2024.

JasmyCoin set for rebound amid broader market recovery

JasmyCoin’s recent surge of 61% in 7 days despite the bearish sentiment reflects a significant bullish trend amid broader market recovery. Crypto experts have attributed Jasmycoin’s rebound to its trading well above both the 50-day and 200-day moving averages, reflecting renewed investor confidence and new participation in Jasmycoin’s ecosystem.

Furthermore, recent technological partnerships of Jasmycoin with industry titans like Nvidia, which has surged massively in 2024, have solidified Jasmycoin’s position as the token continues to make waves in DePIN and AI sector. If Jasmy can pick up its positive momentum, there could be a potential breakthrough of the $0.04 resistance level, which could pave the way for JasmyCoin to target $0.1 in the near future, supported by favorable technical indicators such as the Relative Strength Index (RSI) hovering around 45.

Raboo set to revolutionize the memecoin ecosystem with notable growth potentials

Raboo, the AI-backed meme coin, blends advanced technology with a strategic focus on meme culture, leveraging AI capabilities through its Rabooscan feature. This innovative tool scans social platforms for trending memes, analyzing them against specific criteria to gather data for creating AI-generated memes. By integrating social-fi elements, Raboo has been tipped as one of the best altcoins to invest in and it aims to cultivate a vibrant community of meme enthusiasts, offering a zero percent buy and sell tax to incentivize participation.

Analysts predict substantial growth potential, forecasting a 233% increase during the presale phase and an ambitious 100x surge upon listing on tier 1 exchanges, positioning Raboo to compete with top cryptocurrencies like SHIB, as it aims to become one of the top 20 cryptos.

In addition to its technological prowess, Raboo aims to disrupt the meme coin landscape by offering a Post-to-Earn platform, allowing enthusiasts to monetize their social media content. This initiative not only encourages active participation but also fosters interaction among crypto investors and meme creators.

Currently in Stage 4 with a 60% increase since Stage 1, Raboo deployment on the Ethereum ERC-20 network alongside its smart contract, which has been audited by SOLIDProof, guarantees secure and reliable transactions. With ambitious goals to become one of the top 20 cryptos, market professionals believe that Raboo’s upward trend will persist, as its innovative features continue to fuel massive adoption. Other predictions from experts suggest that Raboo is one of the best cryptos to buy in 2024, so

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