Shiba Inu (SHIB) could soon reach an 8-month high, according to popular cryptocurrency trader $SHIB KNIGHT. This prediction is based on the assumption that the memecoin’s current valuation has found the bottom, meaning an ascend is expected to happen soon. Shibarium’s Marketing Strategist – LUCIE – also anticipates a SHIB bull run due to its decentralization.Factors that could contribute to SHIB’s potential rise include mass adoption, token burning, and Shibarium’s advancements. Over 2.3 billion SHIB were destroyed in September, and 5.7 billion tokens were sent to an address nobody could access in August. Shibarium officially saw the light of day at the end of August, with the goal of improving speed and lowering transaction fees. The total number of transactions on the network has surpassed the three million mark, and the overall number of wallet addresses has exceeded 1.25 million.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	$SHIB Knight, Lucie
Companies	Shiba Inu (SHIB), PrimeXBT, Binance, None, Shibarium
Currencies	Shiba Inu, Ethereum, Bitcoin, None Trading
Securities	None