In a remarkable move, Shiba Inu (SHIB) has embarked on a relentless surge since July’s onset, captivating the attention of the meme coin crypto community.
Notably, SHIB gained around 30% over the past month, doubling the gains in the world’s largest meme cryptocurrency Dogecoin (DOGE), which soared by 16% during that period.
Although there is a mix of factors that have likely contributed to Shiba Inu’s rally, the growing developer activity on the blockchain network has made a particularly positive impact.
According to Kaiko, SHIB rose more than 25% “since July 1st following a wave of developer activity on the network,” the digital asset data provider said on August 9.
SHIB vs DOGE price returns since July onset. Source: Kaiko
Shibarium upgrade, a potential SHIB price catalyst
The uptick in developer activity on the Shiba Inu network comes ahead of the launch of Shibarium – one of the most important undertakings in the meme crypto’s ecosystem.
The long-awaited Shibariu
We współpracy z: https://finbold.com/shib-soars-30-in-a-month-amid-robust-developer-network-activity/
