In the past week, the Shiba Inu cryptocurrency token surged 13%, propelling ShibaInu to become the 16th biggest cryptocurrency by market capitalization. This pushed Litecoin and Dai into 17th and 18th place respectively. The Shiba Inu development team have implemented upgrades to their ecosystem, including the migration of the Shibarium testnet from the Goerli network to the more functional Sepolia network and an automated burn mechanism. Additionally, Shibarium has now processed 40 million transactions. This indicates significant progress in the Shiba Inu ecosystem and demonstrates that SHIB is a worthy competitor against other top digital currencies.



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