Shiba Inu Price Pushes Higher Despite Shibarium Node Maintenance

Shiba Inu’s layer-2 solution Shibarium is undergoing maintenance on its RPC nodes, according to a recent announcement from lead developer Kaal Dhairya. Users and developers have been advised to utilize an alternative RPC node provided by NowNodes in the meantime. Despite the maintenance, Shibarium’s main network remains fully operational.

NowNodes recently detailed its support for the Shibarium ecosystem, noting its Shibarium RPC Full Node enables developers and enterprises to build on the platform without constraints. The firm aims to foster collaborations and has already begun assisting with Shibarium integrations.

The update comes as Shiba Inu saw a price revival this week amid renewed buying interest. The meme coin gained over 8% in the last 24 hours to reach $0.000008208.

Trading volume has also spiked 75% to over $341 million, depicting strong interest from both retail and institutional investors. This metric will be important to watch to gauge the likelihood of further upside for SHIB in the near-term.

According to technical analysis by altFINS, the recent bullish breakout from a falling wedge pattern could propel prices up to resistance around $0.0000080, which aligns with the 200-day moving average. Trends are mixed but improving in the short-term. A decisive break above the 200-day average is needed to confirm a trend reversal to a full-fledged uptrend.

Source: altFINS – Start using it today

With developers continuing to build out its layer-2 infrastructure, Shiba Inu appears to be finding its footing again after a period of consolidation. The community will be monitoring the current RPC node maintenance to ensure the disruptions are minimal.

With developers continuing to build out its layer-2 infrastructure, Shiba Inu appears to be finding its footing again after a period of consolidation. The community will be monitoring the current RPC node maintenance to ensure the disruptions are minimal.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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