Shibarium Gears Up For ‘Big Win’ Amid Bitcoin Bull Run & Inflow Surge

Coingapestaff
February 12, 2024 Updated February 13, 2024
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Shibarium Crosses 500 Mln Transaction Milestone, SHIB Price Reacts

Highlights

  • Shibarium Lucie highighted the network's potential in a bullish post.
  • The ecosystem is sated for a "big win" owing to assets like SHIB, BONE, and LEASH.
  • Bitcoin bull run and surge of capital inflows in the mrket are also important catalysts for Shibarium's victory.

In the ever-evolving crypto domain, Shibarium positions itself as a promising contender amidst the ongoing Bitcoin bull run and the surge of inflows into the crypto market. Moreover, Lucie, a Shibarium representative, noted that the ecosystem is bracing for what it believes will be a monumental victory in the face of these market dynamics.

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Shibarium To Bag A ‘Big Win’

In a recent post on X, Lucie emphasized the significance of the current Bitcoin (BTC) bull run for Shibarium. She stated, “When the bull run hits, money flows into big players like Bitcoin and major altcoins. Then, it starts trickling down to smaller gems like Shibarium. That’s when we’ll truly shine!” This acknowledgment underscores Shibarium’s strategic positioning to capitalize on the broader market trends, leveraging the momentum generated by Bitcoin’s upward trajectory.

Amidst this backdrop, Shibarium’s collaborative approach to innovation within the Layer 2 solutions space becomes even more crucial. Furthermore, Lucie noted that the platform’s strategic partnerships with industry leaders reflect its commitment to navigating the evolving crypto landscape. In addition, she added that an “underdog” like Shibarium is also worth supporting since it “walks like the winner already.”

With assets like Shiba Inu (SHIB), Bone (BONE), and Doge Killer (LEASH) on its network, Shibarium is well-equipped to thrive in the current market environment. In addition, the community’s unwavering support, combined with strategic partnerships and a clear roadmap for development, positions Shibarium for success.

Also Read: Breaking: Bitcoin Leads With $1.09 Bln Inflow Amid Bullish Outlook On ETH & ADA

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Bitcoin Inflows Via ETFs Surge

A recent report from CoinShares highlights significant weekly inflows of $1.1 billion into digital asset investment products. This surge has boosted year-to-date inflows to $2.7 billion. Moreover, it propelled total assets under management (AuM) to $59 billion, which is the highest level since early 2022.

The limelight is on the newly launched Spot Bitcoin ETFs in the U.S., which attracted a noteworthy $1.1 billion in net inflows just last week. Since their launch on January 11th, these ETFs have amassed inflows totaling $2.8 billion, signaling strong investor interest in Bitcoin exposure within the traditional financial infrastructure. Bitcoin remains the dominant force in attracting investor funds, capturing nearly 98% of the total inflows.

Also Read: Shiba Inu Burn Rate Jumps 130% With 56 Mln SHIB Burnt This Week

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.