Hello Publish0xians,

New update about Shiba Inu; lets discuss one of the largest tokens, with Shibarium network designed to bring better speeds, utility and scalability to the system. Recent data look over the system of Shibarium has hit a brick wall while transactions have fallen 98%. With the market in a bearish phase most hodlers no wonder the downturn.

Let's get back on track with Shibarium and how promises were made on how it was going to be a game-changer with faster transactions and a larger acceptance; but to ShibariumScan, most transactions dropped a little over 50,000.

The inability of BTC to hover over the range of $100,000 is screaming sell-off in a general relief. Shiba Inu once was above $0.00002 and is now in the range of $0.000014 which means that the token itself has lost more than 27% of value.

Saying all that most Shiba Inu hodlers are questioning if the token can maintain a community enthusiasm and live to see the price go upward resulting in more green numbers.

That said, the network called, Shibarium downturn could boost adoption and utility, having a long-term benefit for the token, but in recent headlines it has shaken the investor and hodlers confidence with hackings and downfall & burns regarding the token. More prolonged drops in transactions also involve the burn rate of Shiba Inu, it's a factor in lowering supply and boosting the tokens price upward.

Overall market recovery and rallies to create new development could bring back confidence in the meme token. The Massive dip in transactions regarding Shibarium signals those users engaged in the system, which could leave the token to further decline.

I'm looking forward to hearing your perspective!

Take care and talk soon,