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- Shibarium tokens – SHIB, BONE & LEASH – achieve the highest social dominance in July.
- Social mentions of SHIB increase by 175% on this widely used platform with 2 billion monthly active users.
- The Shiba Inu community eagerly awaits the release of the World Paper.
The excitement surrounding Shibarium is prevalent across various social media platforms and other segments of the Internet. Tokens within the Shiba Inu ecosystem have shown significant spikes in both social and market engagement in recent days.
Since July 5, total social interactions attributed to Shiba Inu (SHIB) surged by 135%, reaching 861.85 million, according to Lunar Crush, a crypto analytics platform. Furthermore, SHIB experienced an exceptional increase in another metric from the platform — AltRank, which assesses the strength of a cryptocurrency’s traction in the fast-moving crypto landscape.
In the past 24 hours, data indicates that social volumes for Shiba Inu rose by 175% on the popular video-sharing platform YouTube. Conversely, news coverage of this memecoin increased by 166%, while its volumes on Twitter grew by 22%.
Since the beginning of this week, SHIB and its associated tokens have topped the trending list on CoinMarketCap, a well-known crypto price tracking service. Ultimately, the forthcoming launch of Shibarium is the driving force behind this positive social sentiment.
Key Shibarium Updates
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At the forefront, the SHIB community has highlighted the launch of Shibarium and the announcement of its significant updates during the upcoming events in Toronto. Additionally, SHIB’s ranking as the third most traded asset on one of India’s leading exchanges, WazirX, has garnered community interest.
The unexpected price increases of Bone ShibaSwap (BONE) and Doge Killer (LEASH) have provided satisfying returns to investors and traders. Moreover, the notable partners and projects associated with Shibarium — BAD IDEA AI, Welly’s, and Shibacals — have further fueled the excitement. Above all, the anticipated release of the project’s “World Paper,” which details Shibarium, is a significant update.
Shiba Inu (SHIB) Price Overview
Importantly, the daily price chart suggests that Shiba Inu (SHIB) is entering a short-term bullish phase. Specifically, the current price action has moved above the 9-day exponential moving average (9EMA). Meanwhile, SHIB’s daily RSI stood at 49.47, remaining close to neutral territory.
Shiba Inu (SHIB) Price Chart (Source: TradingView)
At the time of this analysis, according to CMC, SHIB was trading at $0.000007536 with a daily trading volume of $64,185,348. The upward momentum of other tokens, Bone ShibaSwap (BONE) and Doge Killer (LEASH), has slowed in the last 24 hours. At the time of writing, BONE was priced at $1.27 and LEASH at $425.
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