Shiba Inu after the 151 percent rebound: Shibarium is back to 1,142 transactions a day

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Several outlets reported a 151 percent recovery on Shibarium. Our own query of the chain data shows that one day later 1,142 transactions are left. What the figures mean for the SHIB burn and for your tax return.Shibarium processed 2,438 transactions on October 9, after 970 the day before. Several crypto outlets turned that into a gain of 151 percent and spoke of a recovery for the Shiba Inu chain. One day later the same statistic shows 1,142 transactions. The recovery therefore held for exactly 24 hours. This article takes the figures behind the story and checks the arithmetic. All network values come from our own query of the Shibariumscan API on the evening of October 11. The price of Shiba Inu stood at $0.00000549 at the same moment, 0.12 percent above the previous day and 5.58 percent down over seven days. What actually happened on Shibarium: 5,711, then 970, then 2,438, then 1,142 The series of daily transactions gives a different picture from the snapshot of October 9. On...