- Shiba Inu’s Shibarium L2 blockchain hits 1 billion transactions and launches a developer group to foster innovation within the community.
- While BONE shows signs of price recovery, SHIB approaches a key resistance level, with the potential for further growth if momentum continues.
Shiba Inu (SHIB) has been making waves in the cryptocurrency world, with its own Layer-2 blockchain, Shibarium, recently celebrating a milestone of 1 billion transactions. As the ecosystem expands, the community-driven development team is taking a proactive step toward innovation and growth. To support this momentum, Shibarium developers have launched a Telegram group for aspiring builders, offering guidance and fostering collaboration within the Web3 space.
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This move comes at a critical time for Shiba Inu’s alternative token, Bone ShibaSwap (BONE), which serves as the gas fee token within the Shibarium network. Although BONE has struggled in price, seeing a 55.8% drop over the past year, the recent upward trend in its price shows promise. As of March 2025, BONE bounced off a key support level at $0.20, marking a potential turning point in its price trajectory. With a 12.5% gain in just 30 days, the token is showing signs of recovery, and whales could be eyeing it as a strategic entry point for future gains.
Meanwhile, SHIB itself is nearing an important resistance level at $0.000014, with the potential to turn this barrier into strong support if the bullish trend persists. The token has made notable gains, surpassing the middle Bollinger Band and recording an 8% weekly profit. However, key indicators such as the Trend Strength Index (TSI) and Chaikin Money Flow (CMF) suggest that the current rally might face challenges, with the market sentiment fluctuating.
The Shiba Inu ecosystem’s growth is also reflected in the rising activity on Shibarium, as decentralized exchanges (dApps) like ShibaSwap continue to dominate the Layer-2 space. With $1.15 million locked in ShibaSwap and a combined total of $854 million from other projects like WoofSwap and ChewySwap, Shibarium is establishing itself as a formidable player in the decentralized finance (DeFi) sector.
Shiba Inu’s appeal is not just limited to price movements but also its community-driven approach. By opening up a dedicated space for developers to collaborate and innovate, Shibarium is positioning itself as a key hub in the Web3 revolution. As the project evolves, the Shiba Inu community’s ability to build, create, and innovate could pave the way for a new chapter of growth and resilience in the crypto market.
The future of SHIB and BONE is looking intriguing, but whether they can break past resistance levels and sustain growth depends on the continued involvement of the developer community and the broader crypto market trends.
