Shiba Inu (SHIB) Price Crashes 13%, What_s Next?

2023-08-18 06:13:14

The Shiba Inu (SHIB) price has taken a massive beating throughout the past 24 hours, more or less in line with the rest of the market.

SHIB plunged by as much as 12.4% throughout the past day, following the downward trajectory of the entire market.
The cryptocurrency is currently trading at slightly above 0.00000816, and it’s important to see if this level will hold because, otherwise, there could be more pain ahead.

Source: CoinGecko* The declines come just a day after the launch of the much-anticipated Shibarium mainnet, which wasn’t without its hiccups.

AsCryptoPotatoreported yesterday, the network failed to process transactions for hours on end.
Shytoshi Kusama, the lead developer of the Shiba Inu eco, explained that that was because of a major overload not seen before.

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