Shiba Inu (SHIB) Price Crashes 13%, What_s Next?

The Shiba Inu (SHIB) price has taken a massive beating throughout the past 24 hours, more or less in line with the rest of the market.

• SHIB plunged by as much as 12.4% throughout the past day, following the downward trajectory of the entire market.
• The cryptocurrency is currently trading at slightly above 0.00000816, and it’s important to see if this level will hold because, otherwise, there could be more pain ahead.

Source: CoinGecko* The declines come just a day after the launch of the much-anticipated Shibarium mainnet, which wasn’t without its hiccups.

• AsCryptoPotatoreported yesterday, the network failed to process transactions for hours on end.
• Shytoshi Kusama, the lead developer of the Shiba Inu eco, explained that that was because of a major overload not seen before.