The Shiba Inu price has barely moved in the past 24 hours, with its current level of $.00000850 representing a 2% drop in the last seven days, amid an uncertain period for the cryptocurrency market.
SHIB is also down by 19% in the past month but up by 5% since the beginning of the year, a period which has provided many major cryptocurrencies with much bigger gains.
However, despite its inertia over the past day, SHIB is actually up by 1% from a low recorded yesterday, suggesting that the altcoin may be on the brink of regaining some much-needed momentum.
And with the launch of the long-awaited Shibarium layer-two network, SHIB could indeed have some significant rallies in store in the coming weeks, with the coin looking as though it has reached a bottom.
