Shiba Inu’s layer-2 blockchain solution, Shibarium, has recently gained traction, while XRP is expected to see a significant price increase.
**Summary:**
Shiba Inu’s Shibarium, a layer-2 scaling solution, has shown notable progress in the crypto world. A key community member, LUCIE, highlighted that Shibarium reached a three-month high in deployed contracts, indicating strong developer activity. The network also saw a 91% increase in daily transactions, rising from 2,840 on September 10 to 5,430 the next day. Launched last summer, Shibarium aims to enhance the Shiba Inu ecosystem by improving user experience, scalability, reducing transaction fees, and supporting decentralized application development. This progress could positively affect the price of SHIB, which is up 1.6% in the past 24 hours but still down over the past two weeks.
Meanwhile, Ripple’s native token, XRP, has also declined over the last 14 days. However, some analysts predict a significant price surge. One user, EGRAG CRYPTO, suggested XRP could replicate the dramatic increase seen in late 2017 and early 2018, which saw its price rise by 1,250% to an all-time high of $3.40. A similar rise now would push XRP to around $7.20. The tightening Bollinger Bands, a technical indicator, also suggest a potential large price movement. Historically, such tightening indicates low price volatility that often precedes a major rally.
Ethereum, the second-largest cryptocurrency by market cap, has also been volatile, fluctuating between $2,200 and $2,400 before settling at $2,360. An important metric from the crypto analytics platform Santiment showed that over 126,200 new Ethereum wallets were created on September 8, the highest spike in four months. This increase is seen as a sign of growing network utility and could indicate a price rise beyond the $2,000-$2,300 range.
