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Shibarium Rise Post-Relaunch Only nine days after its relaunch , Shibarium is making headlines, with its explorer, Shibarium Scan, reporting over 1 million transactions. Moreover, the network’s daily transactions have touched a noteworthy 125k mark. advertisement Last week, the Shibarium network crossed the 1 million wallet threshold , indicating a rapid user adoption rate compared to other mainstream crypto networks like Cardano and XRP Ledger. Consequently, this explosive growth showcases the network’s resilience and potential following its initial technical setbacks.  Source: Shibarium Scan Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read ...

Memecoins Spikes In Gas Fees Meme coins ’ increased gas use can be related to their high volatility, which confuses and fuels speculation among traders. Notably, meme coins like Shiba INU have been at the forefront of this trend. Anticipation was high for the launch of Shibarium, an L2 scaling solution by Shiba Inu, and people expected significant price recovery for the coin. Despite its successful implementation, the native token’s price saw only a modest 2.67% increase since last week, leaving traders uncertain about the impact of Shibarium. advertisement Dogecoin, another well-known meme coin, has also faced fluctuating gas fees and price volatility, often influenced by Tesla CEO Elon Musk’s tweets and comments. Recent studies highlight that Dogecoin’s value plummeted to $0.07529 during a broader market correction in August 2023, but rebounded to $0.061963 later in the month, showcasing the rapid and speculative nature of the meme coin. ...