Shiba Inu price targets a 60% jump as Shibarium enters its ‘gold age’

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Shiba Inu price continued its downward trend and neared a crucial support level even after Shibarium crossed a major milestone.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Shiba Inu, the second-biggest memecoin, dropped to $0.00001215, its lowest level since March 14, and 23% below its highest swing this year. The decline happened after Shibarium, its layer-2 network, crossed the 1 billion milestone in terms of transactions. This is notable since the network had 948 million transactions on the same day last month.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Shibarium is also nearing another milestone in terms of total addresses. It currently has 194.59 million, suggesting it may cross the 200 million mark later this month or in May. Additionally, the cumulative gas used on Shibarium has climbed to 38 trillion BONE and is on track to reach 40 trillion. In a post on X, Shibarium Updates said the network was moving from an era of experimentation to a “gold age” of maturity, infrastructure, and real-world value.