Shiba Inu (SHIB) has been seeing renewed interest in the crypto space, with a remarkable 28% price increase over the past 24 hours and a 30% rise over the past month. SHIB is trading at approximately $0.00001868, pushing its market cap to around $11.06 billion. This surge is catching the attention of traders eager to capitalize on SHIB’s price momentum.
Several factors have contributed to the recent price rise. The memecoin frenzy seems to be reigniting, driven by actions from crypto whales and a favorable chart setup. In addition, speculation about a potential Shiba Inu ETF has sparked fresh discussions among analysts. Should the ETF become a reality, it could further fuel SHIB’s upward movement, though this remains speculative at the moment.
Could Nollars Network Improve SHIB Trading?
With SHIB’s recent price movements, some traders are now exploring ways to make their trades faster and more efficient. One project gaining attention in this space is Nollars Network, a new Layer-2 blockchain designed to potentially enhance memecoin trading, including Shiba Inu.
Many traders have faced challenges with the speed and cost of transactions on existing blockchain networks, particularly during high volatility. Nollars Network aims to address these concerns by offering faster transactions and lower fees, though its effectiveness will depend on how it performs in real market conditions.
With faster trade execution, investors might be able to react more swiftly to price changes, which could result in better accuracy and potentially higher ROI. However, the real-world impact on trading outcomes remains to be seen as the technology is further tested and adopted.
$NOLA Presale Now Open
In addition to aiming for faster transaction speeds, Nollars Network has also launched the presale of its native token, $NOLA. The presale recently opened on Nollars.com, with early investors able to buy in at $0.50 per token. This first round offers 400,000 tokens, and the price will gradually increase by $0.05 with each round, eventually reaching $0.80 in the final round.
While the project is still in its early stages, many are watching closely to see if Nollars Network and its $NOLA token can bring tangible benefits to the memecoin trading world, particularly for SHIB investors looking to improve their returns.
As Shiba Inu continues its price rise, traders are considering whether tools like Nollars Network might offer an edge, but only time will tell how much of an impact it will have.
