Volatility is the only constant in the dynamic world of cryptocurrencies. Amidst this, another meme coin, Shiba Inu [SHIB] emerged and changed the face of the market. SHIB garnered prominence alongside Dogecoin [DOGE]. Following a turbulent week, the asset seems to be regaining stability. At press time, the meme coin was trading at $0.00002731, showcasing a modest 1.41% daily surge.
SHIB’s Path in May 2024
With April coming to an end, the asset is set to kickstart May on a bullish note. Changelly revealed that the asset could trade between $0.0000339 and $0.0000786 this month. Shiba Inu is likely to trade an average value of around $0.0000562. But investors are sure to wonder how the meme coin would conclude the month of April.
According to Changelly, the asset will be priced around a potential high of $0.00003237. This is certainly an uptick from its current levels.
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Can Shibarium Outages Cause Trouble?
During the weekend, Shibarium, the official layer-2 blockchain of Shiba Inu witnessed a major network outage. The incident was confirmed by Kaal Dhairya, a developer of the network confirmed the outage and shed light on the root cause of the problem. Dhairya noted that the issue was triggered by networking issues among Shibarium validators. It should be noted that validators have been playing a pertinent role in the network. They verify and validate transactions to uphold the security and reliability of the entire system.
The outage lasted for several hours. It caused inconvenience and uncertainty among users and stakeholders. During this time, various Shibarium-related services, such as Shibariumscan (the network’s official block explorer) and external RPCs (Remote Procedure Calls), were rendered inaccessible, exacerbating the impact of the disruption.
Also Read: Shiba Inu: AI Predicts SHIB Price For April 25, 2024
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