📈 Shibarium Transactions Surge 27%, What’s Next for $SHIB Price?
Shibarium transactions have surged in the last 24 hours, providing a bullish outlook for the SHIB price.
This development comes as crypto analyst Javon Marks predicted a 100% surge for the meme coin, which is still looking to break above the psychological $0.000020 price level.
Crypto analyst Javon Marks has predicted that the SHIB price could rally to the $0.00003 range.
He stated that Shiba Inu is starting to respond to a large bullish divergence and a full recovery, and a bullish continuation can send the top meme coin back to this range, which would represent a surge of over 100%.
This comes as the Shibarium transactions surged in the last 24 hours, which is bullish for the meme coin. Shibariumscan data shows that the transactions surged from 2.43 million on May 1 to 3.1 million on May 2, representing a surge of just over 27%.
Shiba Inu’s burn rate also provides a bullish outlook for the SHIB price. Shibburn data also shows that the burn rate has surged by over 25,353% in the last 24 hours, with 26.3 million SHIB tokens burned during the period.
Token burns are bullish, which could spark a price surge for the meme coin as demand skyrockets.