After a 14-day uphill battle, Shiba Inu (SHIB) price broke above the $0.0000080 territory on Friday, July 28. On-chain data reveals multiple bullish signals that could support a sustained SHIB price breakout. 

Shiba Inu (SHIB) price has been stuck in a sideways price action amid uncertainty surrounding the “Shibarium” product launch in recent weeks. However, a flurry of progress updates on the latest Ethereum-Shibarium bridge product appears to have generated some positive media buzz.

Will the growing optimism among Shiba Inu holders evolve into a sustained SHIB price breakout?

Recent Product Updates Have Generated Positive Media Buzz

Over the last few months, the much-anticipated Shibarium product launch has generated significant media buzz. On July 26, Shiba Inu, Marketing Specialist, Lucie announced that “the Shibarium Beta Bridge has gone live for public testing.”

On-chain data shows that the media coverage has raised optimism across the global Shiba Inu community. In indication, SHIB Social Volume metric has maintained a consistent uptrend throughout July. 

On July 2, Shiba Inu Social Volume score stood at 44. And by July 29, it has inc

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Author: Ibrahim Ajibade

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