Saturday 4th, Shiba Inu is breaking past market limitations with ease. The memecoin is one of the most talked about in the industry, and the reason why is more and more evident each day. Shiba Inu has very recently secured new gains, going up to 16% in the last 48 hours.

Shiba Inu’s metrics on our data is showing that the memecoin and Dogecoin rival has raked in gains going above 20% in the last 7 days. Shiba Inu hit a high of $$0.00001457 earlier today. At press time, Shiba Inu’s price is sitting at $0.0000142.

Shiba’s unparalleled run has elicited a response from David Gokhshtein, a crypto opponent who noted that Shiba Inu is seeing a meteoric rise in price.

$SHIB is moving fast. 🔥

— David Gokhshtein (@davidgokhshtein) February 4, 2023

Shiba Inu’s performance in 2023 is quite notable among traders and investors alike. Shiba Inu, like many other altcoins in the market, was not spared by the bears last year. Shiba Inu went on to close in December 2022 with a price of $0.000008087.

Since 2023, Shiba Inu’s gains continued to increase, and the meme coin is now close to unseating Polkadot (DOT). With a market cap of $7.83 billion, Shiba Inu could take Polkadot’s position. Polkadot is currently the 12th most valued crypto, with a market cap of $8.03 billion. With Shiba Inu’s trading volume overshadowing DOT’s, Shib could easily claim that position in the weeks ahead.

Shibaruim’s launch is boosting Shiba Inu’s massive price pump

The leading factor behind Shiba Inu’s sky-high rise is not at all a mystery. A close look into the market shows that the market is talking endlessly about the launch of Shibarium.

Shibarium, the Layer 2 protocol that has been the topic of conversation among Shiba Inu fans, is a major driving force in the Shiba Inu price rally.

Whale interest in Shiba Inu has increased over time. It appears that top ETH holders are working hard to get a piece of the pie, ahead of Shibarium’s launch.

This is no doubt driving the price of Shiba Inu. The interest in the memecoin after the launch of Shibarium could surge as a result. More investors might also enter the Shiba Inu market, and send prices even higher.

However, the Shibarium upgrade might be delayed yet again. The market anticipated that the launch would go down on February 14th. This was after the lead developer of the project Shytoshi Kusama.

Kusama changed his bio, saying he would “put Shibarium in a heart-shaped box with a bow.” The post has since been wiped off his bio and Shib fans remain expectant for the upcoming weeks.

Der Beitrag Shiba Inu price explodes by 16% as launch of Shibarium inches closer – Report erschien zuerst auf Crypto News Flash.

Since the beginning of 2023, there’s been much talk over the launch of Shiba Inu’s Layer-2 scalability protocol Shibarium. Things have moved on track so far and the beta launch is expected anytime around mid-February with a tentative date of February 14.



As the Shiba Inu army looks forward to the launch, a new message from lead developer Shytoshi Kusama shows that the team is busy preparing for the launch. In one of the screenshots shared regarding his communication on the update, Kusama said “everything is going on schedule.”

SHIB community member and ecosystem loyalist Lucie Sasinkova recently tweeted through her Twitter handle @LucieSHIB the screenshot of the message posted by Shytoshi Kusama in recent times. The screenshot shows that the preparation for the release of Shibarium is currently in full swing.

The lead developer of the Shiba Inu token – Shytoshi Kusama – has been testing algorithms for rolling it out. Lucie noted that expects the developer to release the documents of Shibarium very soon.

Another tease from @ShytoshiKusama
… link was posted and erased… #Shibarium docs coming… WEN pic.twitter.com/3HsVXCrDT9

— Lucie ➹ ➹ ➹ (@LucieSHIB) February 1, 2023

Working on the final details of Shibarium

Earlier this week on January 31, @sunshineSHIB – a SHIB fan account – shared the screenshot of a message from Kusama on Discord. Here the lead developer explained what he meant about changing his geolocation status on Twitter to “The Situation Room”. This basically highlights a place where important decisions are made by leaders.

Kusama explained that he was working on the final details before the beta launch of Shibarium. Apparently speaking to a Shiba Inu developer team member dubbed “Seko” Kusama said that they should expect a “year recap that outlines wins, errors, fixes, lessons and also docs that explain in full where we are and where we are going so that we can move forward with Shibarium fudless.”

In his recent tweet, @sunshineSHIB shared a screenshot wherein Kusama says “everything OK schedule” while probably referring to the preparation for the Shibarium launch. However, the lead developer has shared his concerns that once the Layer 2 protocol kicks off, “the same clawing between the factions will continue.”



Probably, Kusama was referring to his recent feud with SHIB Defense Team co-lead Trophias. The SHIB Defense Team has accused Kusama stating that he made a hostile takeover of the SHIB ecosystem.

I have no idea who or what can be trusted at this point, a weird space to be in when launching Shibarium #SHIB #SHIBARMY pic.twitter.com/z4ygeRK4DL

— SHIB FORCE 柴犬 (@sunshineSHIB) February 2, 2023

More details will be clear over the next two weeks but for now, things seem to be on track. The Shibarium launch seeks to bring greater scalability to the Shiba Inu blockchain while facilitating low-cost transactions. Other players in the crypto community have also been eagerly waiting for the launch of Shibarium.

Der Beitrag Shiba Inu: Release of Shibarium on track to onboard industry giants in billion-$-market – Report erschien zuerst auf Crypto News Flash.

Popular memecoin and Dogecoin competitor Shiba Inu is making headlines for attaining noteworthy achievements since the start of 2023. Most recently, Shiba Inu has scored another win in the cryptocurrency market, with Shib becoming the most traded token among top 100 Ethereum (ETH) wallets.

The report comes from Crypto Twitter user Whalestats, who reveals in a recent tweet, that Shiba Inu has dethroned Perpetual Protocol (PERP), and managed to emerge the most traded token among top 100 ETH whales on the 31st of January.

📰 JUST IN: $SHIB @Shibtoken flipped $PERP for MOST TRADED token among top 100 #ETH whales

Check the top 100 whales here: https://t.co/N5qqsCAH8j

(and hodl $BBW to see data for the top 5000!)#SHIB #PERP #whalestats #babywhale #BBW pic.twitter.com/bKGJIxa2qn

— WhaleStats (tracking crypto whales) (@WhaleStats) January 31, 2023

When Shiba Inu achieved this feat, data from Coinmarketcap showed that trading volume for that day was over $323 million. On the other hand, its rival Perpetual Protocol (PERP), was only recording a trading volume slightly above $ 51 million.

Similarly, Whalesats also reported on the 1st of February that Shiba Inu has unseated Wrapped Ethereum (WETH), the ERC-20 compatible version of Ether, to become the most traded token amongst the top 1000 whales.

📰 JUST IN: $SHIB @Shibtoken flipped $PERP for MOST TRADED token among top 100 #ETH whales

Check the top 100 whales here: https://t.co/N5qqsCAH8j

(and hodl $BBW to see data for the top 5000!)#SHIB #PERP #whalestats #babywhale #BBW pic.twitter.com/bKGJIxa2qn

— WhaleStats (tracking crypto whales) (@WhaleStats) January 31, 2023

The achievements have rightfully triggered a wave of excitement among Shiba Inu supporters and community members. Shiba Inu’s adoption is anticipated to skyrocket this year, with the continuous Shib burn, and the network’s continuous growth.

Shiba Inu’s popularity rises as it reaches new milestones daily

As more investors and traders pay attention to Shiba Inu, demand for the memecoin is rising at a meteoric pace. This has now been reflected in the holdings of the largest Ethereum (ETH) whale accounts.

As WhaleStats reported on the 30th of January, the top Ethereum (ETH) 500 whale accounts are holding the highest amount of Shiba Inu tokens in their wallets.

With $581,857,477 SHIB coins being held by these whale accounts as at when the report was made,  Shiba Inu dethroned seven other leading altcoins in the market, to attain this position.

Behind Shiba Inu, are BEST, MATIC, LOCUS, BIT, LINK, UNI, and the MANA token. All of these altcoins collectively made up a total of $1.122 billion during the time of the report.

All of the growth that Shiba Inu is recording could no doubt influence the price of the memecoin in the near future. As demand and trading rises, Shiba Inu is bound to become even more scarce. This holds positive for its price later on, which is predicted to tap $1 before the close of 2023.

Der Beitrag Shiba Inu most wanted asset among top 100 Ethereum whales – Is SHIB poised for a rally to $0.01? erschien zuerst auf Crypto News Flash.

Travala.com recently announced Shiba Inu as a valid payment method in a tweet. The world’s leading blockchain-based travel booking platform, has included Shiba Inu in its payment options for a Vietnam destination.

Travala in the news mentioned that members of the Shiba Inu community can now book activities of their choice at Phú Quốc. Phú Quốc is Vietnam’s largest water sports destination, hosting activities like sailing, kayaking, scuba diving, snorkeling, etc.

Hey @Shibtoken community, did you know Phú Quốc is Vietnam's most popular destination for water sports? 😎

Check out the incredible activities you can book there with $SHIB, including snorkelling, kayaking, sailing, scuba diving, and so much more!🤿

👉 https://t.co/WhPrInLMMX pic.twitter.com/HLSZUHiFBs

— Travala.com (@travalacom) January 26, 2023

This new inclusion by Travala also enables Shib holders to book any of the 3 million travel products available on Travala.com. Shiba Inu is actively being promoted by Travala as a viable payment option. Recall that in December 2021, Travala implemented support for Shiba Inu.

Last November, Travala announced that Shiba Inu owners could pay for reservations at W Hotels, a five-star luxury hotel with a base in Dubai. Shiba Inu and Travala teams also signed a collaboration agreement in November. The agreement provided members of the SHIB community with an exclusive offer.

Members of the Shiba Inu community were prompted to sign up for an account on Travala in exchange for a free credit worth $25. The free credit could be used by Shiba Inu owners to reserve more than 3M hotels. Flights and other travel-related services can also be booked on the Travala platform.

Trusted by thousands of customers worldwide as their preferred online travel agency, Travala continues to expand its crypto utility. Travelers can choose from among the world’s most amazing lodging options on Travala.  Including everything from hotels, flats, villas, and hostels to 5-star luxury resorts.

Currently, the Travala.com platform offers 2,200,000+ properties covering 90,124 destinations in 230 countries and territories, at rates up to 40% less than those of other major travel booking websites.

Shiba Inu continues to Increase Utility

Shiba Inu has been seeing increasing usage, particularly its acceptability as a payment channel. This growing list of Shiba adoption has caught the attention of top cryptocurrency payment processors like BitPay and Binance Pay. Both processors have been introducing services that enable companies to accept Shiba Inu payments.

Some businesses have opted to pay salaries to staff in SHIB tokens. Some prestigious charity institutions have also opened up to donations from Shiba Inu owners. Others include e-commerce businesses, real estate developers, merchants, etc., also accepting Shiba Inu as a form of payment.

The world of cryptocurrencies is generally on a wide adoption spree as the wider global population opts for the more secure, transparent, and faster mode of payment.

What other utilities might be added to Shiba Inu’s list remains unknown, but the future looks bright and positive for the cryptocurrency and others.

Der Beitrag Shiba Inu: Book your next trip to Vietnam and pay with SHIB – Adption wave hits the market erschien zuerst auf Crypto News Flash.

The world’s second-largest memecoin Shiba Inu (SHIB) has been once again in the news as the Bermuda Privacy DAPP now allows users to transfer their SHIB holdings anonymously to any wallet.

This means that the SHIB coins can perform similarly to other privacy coins in the market such as ZCash and Monero. The non-custodial privacy dApp Bermuda recently announced its support for Shiba Inu. In its announcement, Bermuda noted that users would be able to transfer their SHIB to other wallets without disclosing their personal wallet address during the transfer. This brings along a layer of privacy for all SHIB holders while transferring their coins.

Less than 24 hours until the #SHIBARMY can start trading $SHIB as a privacy coin!$BMDA @Shibtoken #privacy #crypto pic.twitter.com/rBOGkocIHL

— Bermuda ($BMDA) (@BermudaEth) January 26, 2023

Bermuda’s application of allowing users to make anonymous crypto payments isn’t just limited to Shiba Inu. This non-custodial, privacy-focused decentralized application (dApp) supports other digital assets as well for conducting anonymous transactions.

Whenever a user makes a payment using Bermuda, the dApp replaces the real wallet address with a virtual address. This helps to keep the user’s identity and transaction details private.

Ever since the crypto bull run of 2021, the Shiba Inu ecosystem has continued to expand with more and more exchanges announcing support for the memecoin. Recently, crypto custodian BitGo also announced support for Shiba Inu, allowing users to securely store, send, and receive SHIB coins on both custodial as well as hot wallets.

Shiba Inu and Shibarium

Currently, the entire Shiba Inu community has been eagerly waiting for the launch of the Layer-2 scalability solution Shibarium. As per several industry experts, the Shibarium launch is expected in the next few weeks and could be somewhere around mid-February.

The Shibarium launch will likely provide a boost to the Shiba Inu ecosystem as it plans to bring low-cost transactions while offering greater scalability. Although the Shibarium L2 platform is in the making, some players have already started showing interest in the platform.

Shiba Inu lead developer Shytoshi Kusama recently noted that Shibarium will be useful in different crypto projects such as Falcon 9 (F9) and Metabet (MBET). “I’m so excited to see projects like F9, Ufo, MBet, VXL, and other tokens utilize Shibarium and our other platforms. That’s the point, right?!” he said. 

Popular crypto influencer SHIB Knight also noted that the team behind Shibarium is also working on a bridge solution to allow them to easily transfer assets to Ethereum.

Der Beitrag New feature turns Shiba Inu into privacy coin like Monero or ZCash – Can it drive SHIB to $0.01? erschien zuerst auf Crypto News Flash.

The developers at Shiba Inu have been actively working on the launch of the Layer-2 scalability platform Shibarium. As the launch of Shibarium edges closer, the team behind Shiba Inu continues to share its expectations.

In his recent tweet Shiba Inu influencer “Nasty Shib” shared a screenshot of Shytoshi Kusama’s expectations hinting at the potential utility of the Shibarium network. Shiba Inu lead developer Shytoshi Kusama stated that the upcoming Layer-2 blockchain Shibarium would be useful to cryptocurrency projects such as Falcon 9 (F9) and Metabet (MBET).

Falcon 9 is an Ethereum-based crypto community project whose native F9 token is tradeable on the decentralized exchange Uniswap as well as Shiba Inu’s decentralized exchange ShibaSwap. METABET, on the other hand, is a play-to-earn/Gamefi casino ecosystem that can trade only on Shiba Inu’s decentralized exchange.

In the screenshot shared, Shytoshi Kusama wrote: “I’m so excited to see projects like F9, Ufo, MBet, VXL, and other tokens utilize Shibarium and our other platforms. That’s the point, right?!”

I'm looking forward to when more investors begin to understand what for since the beginnings I have called the "ecosystem" and "satellite" tokens.

Much like a tree there will be larger and smaller branches of what essentially is Shibarium as the trunk with #SHIB roots 💫🩶🧡❤️ pic.twitter.com/5Iz2Gr49em

— NastyShib 💫🤍🧡❤️ (@NastyShib) January 25, 2023

These latest comments from Shytoshi Kusama add fuel to the ongoing hype regarding the launch of the Layer-2 blockchain Shibarium. Earlier this month, Kusama compared Shibarium to a “pine tree” that requires water, sunlight, and good soil to grow.

Besides, the lead developer added that Shibarium would survive and thrive even during the harshest of winters. The Layer-2 Shibarium network would usher fast, low-cost, and secure transactions. Additionally, Shiba Inu is also building Shibarium to serve diverse crypto sectors such as the Metaverse and gaming. All these exciting features of Shibarium are making the crypto community even more excited for the upcoming launch.

Expecting Shibarium to launch in February

Talks around the launch of Layer-2 blockchain Shibarium have been going on for a few weeks. Some popular people in the crypto space believe that the launch of Shibarium shall happen by the mid of February tentatively on February 14. However,’ there’s no official confirmation yet from the Shiba Inu developers.

While the excitement around Shibarium builds up, other players in the crypto community are preparing themselves for it. Popular crypto influencer SHIB Knight noted that the Shiba Inu team is supposedly working on a Shibarium bridge that would allow users to assets between Ethereum and Shibarium. If so, this development will bring great utility to the Shibaarium blockchain. On the other hand, crypto hardware wallet maker Ledger has already confirmed supporting the Shibarium protocol upon launch.

Der Beitrag Shiba Inu: These massive crypto giants will use Shibarium – Will it drive SHIB price rise to $0.01? erschien zuerst auf Crypto News Flash.

The Shiba Inu community has been now waiting eagerly for the launch of its Layer-2 scalability network Shibarium. The beta launch of Shibarium has been teased quite a few times recently and is expected very soon.

Currently, Shiba Inu (SHIB) has been exchanging hands at $0.00001153 and is 0.43 percent down. the one thing that’s holding up Shiba Inu from performing well is the massive supply and the decline in the burn rate of the memecoin.

However, Shiba Inu lead developer Shytoshi Kusama recently confirmed on discord that trillions of SHIB coins will be reportedly burnt with the release of the Layer 2 platform Shibarium. The announcement comes just as a massive number of SHIB coins have been on the move between anonymous crypto addresses, as reported by the crypto tracking platform Whale Alert.

The crypto tracking platform had recently detected a single transfer of 3,312,307,240,798 Shiba Inu meme coins. On Thursday, the SHIB price rallied by 4 percet, however, fails to continue the momentum. The dog-themed crypto is still trading down from last week’s high of $0.00001273 when the SHIB price had jumped 20 percent in a day.

🚨 🚨 3,312,307,240,798 #SHIB (38,257,148 USD) transferred from unknown wallet to unknown wallethttps://t.co/0mdLkwpPQQ

— Whale Alert (@whale_alert) January 26, 2023

During the month of January, there have been multiple such large SHIB movements and similar transactions reported between unregistered owners. These could also be the “internal transactions made by exchanges or whales redistributing their wealth.”

Furthermore, there’s been a noticeable decline in the SHIB burn rate. On Thursday, the burn rate tanked by 100 percent. During this span, as little as 238,419 SHIBs were burned.

SHIB burn rate and Shibarium

As the SHIB burn rate has dropped considerably, the community has expressed concerns. But lead developer Shytoshi Kusama said that the ultimate goal is burning trillions of dollars worth of SHIB coins alongside the release of the Layer-2 scalability solution Shibarium.

While several of the altcoins have participated in the crypto market rally since the beginning of 2023, Shiba Inu to has joined the party. Since the beginning of 2023, the SHIB price has up by more than 35% competing with other big altcoins such as Polygon’s MATIC, Litecoin (LTC), Aptos (APT), etc.

As per the MVRV-Z score indicator, the SHIB price is largely undervalued even now and holds the potential to rally another 75 percent two months from now.

Another major reason behind the SHIB price surge has been of course the soon-approaching launch of Shibarium. A lot of development has also been taking place in this ecosystem recently. Popular influencer SHIB Knight recently hinted at the development of the Shibarium bridge in order to move assets between the Layer-2 platform and Ethereum. Additionally, crypto hardware wallet maker Ledger has also confirmed support for Shoibarium upon launch.

Der Beitrag Shiba Inu: Developer confirms billions of SHIB will be burned with Shibarium – Can it drive price to $0.01? erschien zuerst auf Crypto News Flash.

The ecosystem supporting the world’s second-largest memecoin Shiba Inu (SHIB) has been working on different kinds of developments over the last year. The Shiba Inu Army has been quite an active, loyal, and supportive community that continues to push the ecosystem further and ahead.

Now, Shiba Inu is expanding its footprint in the Middle East with the opening of the Shiba Inu-themed restaurant Welly. Welly is a fast-food giant and last year in April, they announced that the Shiba Inu community be granted 15 percent ownership of the company. Of course, the restaurant accepts payments in the SHIB crypto.

The two players are now making a move into the Middle East by launching a new venture in Dubai. Being Shiba Inu’s partner, Welly has announced that they would be burning a portion of SHIB’s franchise fees as well as net income to aid the ongoing efforts to reduce SHIB’s circulating supply.

On Monday, January 23, Stefano Gugl, the co-founder of Welly, announced that they would be considering the opening of a new Welly restaurant in Dubai. Besides, they were also looking for a partner or investor for the food venture. In his recent announcement, Gugl wrote:

Welly in Dubai! Seeking partner/investor for a game-changing fast food venture. Management of the store will be taken care of by our experienced team. That’s not a franchise, but rather the chance to open a store together under a new company.

Shiba Inu’s key partners

Shiba Inu gained major popularity during the crypto bull run of 2021 and emerged among the top 15 altcoins by market cap. Since then, it has been getting greater attention from the crypto community so far. The good thing about Shiba Inu is that the ecosystem continues to expand by undertaking new initiatives in a timely manner.

Much recently, Shiba Inu announced a partnership with the Montreal-based premium brand Bugatti Group. Also, this partnership comes after the Bugatti Group hopped on to the recent craze surrounding the launch of its own collection of non-fungible tokens (NFTs). They also have their own Genesis NFT collection. However, it’s not clear whether Shiba Inu is planning any sort of partnership over NFTs with Bugatti.

Besides, Shiba Inu has been recently in the news as the developers have been working on the launch of the Layer-2 scalability platform Shibarium. As hinted by Shiba Inu developer Shytoshi Kusama, the Shibarium network could probably launch next month on the 14th of February.

Der Beitrag Shiba Inu buys 15% stake in massive company to expand to Middle East and give back to community erschien zuerst auf Crypto News Flash.

Memecoins have continued to enjoy the limelight in the crypto market. Dogecoin (DOGE) and Shiba Inu (SHIB), the market-leading dog-themed memecoins, have exploded in trading activity in recent times even as prices soared.

DOGE has been part of the crypto coins enjoying the market price spike over the last week. The market-leading dog-themed memecoin gained a staggering 13 percent profits to reach an intraday high of $0.089 in the last week.

Per data from CoinMarketCap, SHIB recorded a massive 20% uptick in the last 24 hours and 38.7% in the weekly chart. The 13th-ranked cryptocurrency by market capitalization is currently trading at around $0.000012.

SHIB also continues to enjoy a massive push from the biggest Ethereum whales tracked by WhaleStats. The whale transactions data aggregator shows that SHIB is both the biggest token position and most traded token of the 100 largest ETH whale wallets.

Similarly, Nansen’s data shows that SHIB’s trading activity does not exclude retail investors. The crypto market intelligence platform reports that nearly $1.1 billion in SHIB has traded hands between Jan. 17 and Jan. 18 on decentralized exchanges (DEXs).

What is driving the SHIB and DOGE price surge?

The excitement in the SHIB market is not unrelated to the recent unveiling of details of its upcoming layer 2 protocol, Shibarium. Shiba Inu developers wrote in a blog post that the scaling solution will have a dedicated SHIB burning portal.

The post also revealed that there is no date yet for the mainnet launch of Shibarium. However, the team is putting finishing touches to Shibarium Beta, a planned public testnet of the protocol. It adds that there is not yet any transaction per second (TPS) estimates for Shibarium.

Meanwhile, recent revelations in the DOGE ecosystem show that the Dogecoin blockchain has significantly reduced its carbon footprint. According to a Forex Suggest report, Dogecoin saw a 25% decrease in its annual CO2 emission in 2022.

The blockchain emitted 1,063 tons of CO2 in 2022 compared to 1,423 emitted in 2021. This is in part due to the Dogecoin Foundation’s collaboration with Elon Musk to make the network more sustainable.

The report notes that about 5,313 trees will need to be planted to offset the emission. However, this is down from the 7,117 trees needed to erase the pollution caused in 2021.

Notably, DOGE and SHIB have not been the only memecoins making a splash in the market of recent. BONK, a new Shiba-Inu-dog-themed token in the Solana ecosystem, is up 796% year-to-date (YTD). The memecoin is however losing steam in the market. It is down 41.5% in the last two weeks, presently trading at $0.00000013.

Der Beitrag Dogecoin amongst the most traded cryptocurrency under top 100 ETH whales – Can it drive DOGE price? erschien zuerst auf Crypto News Flash.

Shiba Inu developers have announced that the memecoin ecosystem’s layer 2 scaling protocol Shibarium will have a dedicated SHIB burn portal. The team revealed this in a blog post intended to bring clarity to the community as the launch of Shibarium nears.

Per the team, the burn portal will make all transactions on the network have an “implicit burn amount.” Every time a transaction is made, a base amount of gas fee will be utilized to burn SHIB through the renewed portal.

The team notes that the move to create the portal is in keeping with its promise to implement popular requests from the Shiba community. The portal will also help reduce the circulating supply of SHIB over time, the team added.

“By implementing this feature, burning $SHIB tokens per transaction will be reflected in the total token supply as we hope it will have a significant impact on the circulating amount of the $SHIB supply over time,” the post said.

Meanwhile, the post also revealed other details of the much-anticipated layer 2 protocol. For one, it stated that there is currently no date for the mainnet launch of Shibarium. The team urged community members to continue waiting patiently as focus is largely on building the protocol right.

The team added that it cannot assure the community of the exact number of transactions per second (TPS) the protocol will have. Nonetheless, it is confident that the TPS range will compete with other established networks with similar specifications.

Community members can however anticipate the release of Shibarium Beta “soon.” Meanwhile, the post also shared details of how validators and delegators will operate and be rewarded for participating in Shibarium.

Will SHIB burn Initiatives drive price to $0.02?

The Shibarium SHIB burn portal is only the latest Shiba ecosystem initiative targeted at slashing the memecoins circulating supply. The community has pioneered several ways to remove tokens from the massive circulating supply of SHIB.

Per data from SHIB Burn, a portal that tracks the amount of tokens burnt in real-time, over 410 trillion SHIB have so far gotten burnt from the initial 1 quadrillion SHIB tokens that were minted at launch. In the last 24 hours, community members incinerated 37.3 million SHIB tokens.

Meanwhile, the price of SHIB has reacted positively to the Shibarium announcement. SHIB is currently trading at around $0.000010, up 1.15% in the last 24 hours. This is a 9.46% gain from its price a week ago.

Although, the announcement is not the only bullish development in the Shiba ecosystem. SHIB community members in Japan are anticipating the listing of the memecoin on Okcoin Japan expected in February 2023 as promised by the exchange last month.

Der Beitrag Shiba Inu price explodes by 17% as SHIB army reaches these historic milestones – Report erschien zuerst auf Crypto News Flash.