Shibarium, the blockchain solution designed to enhance the Shiba Inu ecosystem, has become a trending topic in India on the X platform. The update has created a buzz beyond the Asian community to the global stage. Consequently, the Shiba Inu team has reacted with excitement.
#BridgeToShibarium Trends Across India
The hashtag #BridgeToShiabrium has triggered curiosity across the Indian crypto sphere with onlookers wondering why. Amid the conclusion of the Bitcoin halving, the trend underscores the growing popularity of Shiba Inu within the Indian crypto market, recognizing it as one of the top cryptocurrencies in a space where tokens like Bitcoin, Ethereum, and others dominate.
The Shiba Inu marketing lead known by Lucie spotlighted the trend on the micro-blogging platform, expressing her excitement while dropping words of praise for the SHIB project. In her post, she likened SHIB to a ‘tree’ that has reached its ‘final beauty.’ She emphasized the token’s journey from being a ‘simple meme’ to becoming one of the most talked about cryptocurrencies in the market backed by a powerful and vibrant community.
The $Shib has come a long way from a simple meme.
The blooming is magical to witness.
Some trees take time to reach their final beauty.#BridgeToShibarium 🫱🏻🫲🏼
Good things are coming. pic.twitter.com/Ds7xNzVx77— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) April 20, 2024
In her inspiring tweet, she concluded by promising ‘good things are coming’ signifying further upgrades and the launch of more Shiba Inu-related projects. The trend was first highlighted by an account “Shib Mehta” on the platform, showing #BridgeToShibarium trending alongside the Bitcoin halving. But why is Shibarium trending today, let’s have a look.
DAMN and PIKA Token Launch
On April 15, Lucie introduced DAMN (aka Sol Killer), and PIKA (aka the Pre-sale Killer) to the Shiba Inu community. The post talked about how the tokens are making significant strides in Shibarium and the crypto world. DAMN is designed to manage liquidity and token supply through strategic burns, and PIKA is made to automate token presales on the Shibarium network.
The revealing of these two recently launched projects has been a major topic across the ecosystem and has created excitement among investors and enthusiasts, raising optimism for Shiba Inu. Evidently, the buzz has not dropped in India, hence the trending hashtag over five days later.
Shiba Inu (SHIB) Price Movement
Meanwhile, Shiba Inu caught attention with its price movement less than 24 hours ago. As previously reported by Coinfomania, the price of SHIB rose by a significant 5% amid the Bitcoin halving event on April 19. As a result, its trading volume surged by a notable 13% at the time. This immediately ignited positive sentiments for the memecoin with investors hoping for a further upward movement post-halving.
Moreover, at the time of writing, the price of SHIB is up by 1.06% over the last day, trading at $0.00002325 according to CoinMarketCap data. However, the activities involving the token as portrayed in its trading volume, have dropped by a significant 36% in the last 24 hours. Ultimately, SHIB enjoys the $11 position on the global crypto market chart with a live market cap of $13,685,871,095 ($13.6 billion).
