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.

Shiba Inu’s community members have received yet another hint that the long-awaited Shibarium update is right around the corner.

In a now deleted tweet that was posted on the 1st of February, Shiba Inu influencer with the twitter handle “LucieSHIB” revealed a blogpost that further teased the release of the Shibarium launch.

In the tweet, the influencer posted a screenshot that contained an excerpt of a recent blog post titled “TEST”. The post was written by popular Shib developer Shytoshi Kusama.

“This post is simply to test Twitter’s algorithm
for this website in preparation for Shibarium release.” Shytoshi Kusama wrote in the blogpost.

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

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

The blogpost which was very brief, was posted yesterday, but was later quickly erased, and has since been unavailable to the ShibaSwap blog paste, which it was posted to.

Influencer LucileShib has mirrored other influencers and community member’s sentiments, as she states that the blogpost was in fact another tease for the Shibarium upgrade. She also added that it was likely a hint at the Alpha stage already being completed.

This also means that the Shibarium upgrade, despite the release date not being revealed, could be launched to the public this February.

Shibarium ; when does it arrive? And how will it affect SHIB?

Shibarium is a layer 2 Blockchain scaling solution, which is being built to advance the workings of Ethereum ; Shiba Inu’s host chain.

Shibarium was first proposed in May 2021, by Shiba Inu’s anonymous creator Ryoshi. Shibarium’s launch has since been teased by developers, who have yet to drop an actual release date to the Shib community.

However, in its last tweet, the Shiba Inu network took to twitter to mention that the Shibarium Beta Network upgrade is “upcoming.”

Shibarium Update 🧵

As we approach the launch of the upcoming Shibarium Beta Network, we first would like to start by thanking the Shiba community for bringing such energy and excitement surrounding the upcoming phased introduction.

1/6 🧵

— Shibarium Network (@ShibariumNet) January 4, 2023

This is to confirm and validate, from us, the official source, that BONE is and remains the only token selected for gas fees and use. No other tokens will be necessary to operate within the protocol.

Shiba Inu network noted in another tweet.

It is being speculated that the launch of the Shibarium blockchain will catapult the price of Shib to a new price level. This is expected, particularly because Shiba Inu will likely gain more popularity after the launch, further making Shiba Inu a more valuable blockchain to the broader market.

Adoption for the Shib token could hit roof levels in the future, and Shib Inu’s price will react to this positively, with a price pump.

Der Beitrag Will Shiba Inu’s Shibarium launch on the 14th of February? Lead developer shares updates 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 recorded yet another reason to get excited as Ledger, one of the most recognized providers of hardware crypto wallet has announced its plans to support the upcoming Shibarium protocol. Taking to Twitter to express the excitement, the memecoin’s publicity handle, SHIB INFORMER called the development an “Amazing News” as it showcases how well the protocol is working to bring value to its users across the board.

The Ledger confirmation of the support for Shibarium came in response to a question from a Shibarium supporter who posed the question directly to the wallet maker during its “Ask us Anything” series on Twitter. The supporter who goes by the username Burnsalot.nft requested to know if Ledger will be supporting Shiba Inu, and in response, Ledger confirmed it will and that the plans to integrate Shibarium have already been included in its roadmap.

That's amazing news, @Ledger_Support !!!#SHIBARMY #Shibarium pic.twitter.com/Ghdx99jF5N

— SHIB INFORMER (@ShibInformer) January 24, 2023

Shibarium is a Layer-2 protocol that is specifically designed to serve the members of the Shiba Inu ecosystem. Branded arguably as the most versatile memecoin ecosystem around, Shibarium will support the usability of the protocol in terms of enhanced speed and reduced transaction fees.

The burgeoning Shiba Inu world

The Shiba Inu ecosystem is growing at a sporadic rate, and the protocol is doing all it can to truly unseat its core rival, Dogecoin (DOGE). In one of its most ambitious moves, Shiba Inu invested 15 percent in a real-world fast food business Welly which it plans to push into the Middle East through a new outlet in Dubai.

Welly is currently looking for a partner in the region and according to the Twitter update by the company’s Chief Executive Officer (CEO), Stefano Gugl, the business will not be running as a franchise, but rather, as a new offshoot and the new partner will be a co-owner. Stefano noted that the Dubai outlet will receive management support from its experienced team members to help it lift off profitably.

Welly accepts payment in SHIB, one of the many ways in which the digital token is giving its holders an avenue to spend the coin as a viable payment token. The choice of Dubai to expand Welly’s footprint, and at the same time, Shiba Inu’s is because of the region’s positive disposition to the growth of the digital currency ecosystem through thoughtful legislation.

At this time, Dubai is looking at transforming its digital economy landscape and it considers blockchain technology and crypto as a crucial part of this transformation. With Shiba Inu extending its presence through Welly, it will have the first-mover advantage in the long run.

Consolidation use cases and fundamentals

There is a general perception that Shiba Inu as a digital token is highly undervalued and that it fuels the growth of the broader cryptocurrency ecosystem. The coin is maintaining its upward ecosystem growth momentum because it is consolidating its reach and use cases across the board.

Besides all that has been mentioned, the token is supported by the biggest platforms like Binance which staked an enormous portion of its supply, and its functional partnerships are generally contributing to its growing positive sentiment.

With its series of growth metrics, investors can expect a significant rub-off on the price of the asset. At the time of writing, Shiba Inu is trading at $0.00001125, down 6.62 percent over the past 24 hours.

Der Beitrag Shiba Inu: Crypto giant confirms support for Shibarium after launch – What investors can expect for SHIB price 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.

Based on a Monday announcement by the Shibarium network, the much-expected launch of the Shibarium (Shiba Inu’s layer-2 blockchain) will happen soon. The statement reveals that details about the beta version of the layer-2 blockchain are almost complete. Hence, the network shared a detailed blog post that made essential clarifications for the SHIB community.

🍖 Introduction to Shibarium: Shiba Inu's Layer 2 Network — Rejoice #ShibArmy! Shibarium Beta is about to be launched, and through this article we want to introduce some basic concepts in order to provide clarity to the community.

Read more: https://t.co/mvV5iw54Ts

— Shibarium Network (@ShibariumNet) January 15, 2023

First, it asked the community for patience as it is necessary to develop Shibarium correctly. Thus, implying that the team doesn’t want to be under undue pressure to provide a release date. The blog post further revealed that the beta version of the Shibarium will go live once the finishing touches are complete.

According to the post, SHIB would always accept new crypto users and let them know about developing projects in the ecosystem. The post also clarified that the Shibarium launch isn’t meant to cause a surge in the prices of tokens in the Shiba Inu ecosystem, especially SHIB tokens. Instead, the launch aligns with Ryoshi’s vision for the Shiba Inu network.

Also, the layer-2 blockchain will enable community members to build and grow custom projects. The Shibarium team also disclosed that it would release a technical blog post to educate and inform the SHIB army about the operations of the Shibarium, address the most commonly asked questions and provide an understanding of key concepts. Hence, all users can enjoy a user-friendly and welcoming experience once the Shibarium is launched.

A transitional evolution

The SHIB developer team aims for Shibarium to be a robust layer-2 blockchain which would be a massive upgrade of the Shiba Inu ecosystem. As a layer-2 blockchain, developers can utilize it to create solutions for innovation and security for the DeFi sector. It is a huge benefit for developers as it offers an expanded development framework, scalability, lower fees, and faster transaction times.

It is worth noting that the Shibarium is built on the Ethereum blockchain and uses the tokens of the SHIB ecosystem (SHIB, BONE, and LEASH). The Web3 evolution is causing an increasing interest in blockchain technology. However, cost and transaction speed has slowed down its mainstream adoption. Hence, the Shibarium will solve these problems and serve diverse industries like gaming, metaverse, and Web3 innovation.

Important roles

Meanwhile, the Shibarium blockchain creates a vital role for delegators and validators. Validators can lock bone tokens and operate Bor block and Heimdall validator producer nodes. Validators earn rewards for the services based on the amount of their staked tokens.

For clarity regarding claiming rewards, there is a contract record for each user’s reward balance. However, there are terms and conditions governing validators’ rewards, and any violation of these terms would make them forfeit their stake. Furthermore, individuals can support the Shibarium network as delegators without running their full nodes.

Instead, they stake tokens into the validator nodes. Thus, validators control the commission rate they wish to share with delegators. According to the blog post, there is a private test network portal where users can claim test tokens.

Impact on SHIB price

The team will announce when the portal is opened. It is worth noting that the network limits the number of validators to 100. Also, one of the requirements to become a validator is to stake at least 10,000 BONE. The Shibarium team further disclosed that trust, experience, knowledge, and commitment would be necessary traits for onboarding validators.

The positive news has partially impacted SHIB’s price as it is up 4.7 percent in the last 24 hours and trades at $0.00001042. With such development coming along SHIB’s price could be headed for $0.10 very soon. Similarly, BONE’s price is up by 13.4 percent in the last 24 hours, trading at $1.35.

Der Beitrag Shibarium to revolutionize the Shiba Ecosystem and the crypto space’ – Can it drive SHIB price to $0.10? erschien zuerst auf Crypto News Flash.

Although crypto investors have taken a cautious approach to investment, development around the ecosystem has continued to increase. In this edition of our “weekly brief”, we take a look at key events that could influence market prices in the short or long term.

Blackrock adds Bitcoin to their $15TR Global Allocation Fund

Bitcoin recorded a major win after Blackrock announced that it will be adding the world’s largest cryptocurrency to its $15 trillion Global Allocation Fund. In the coming weeks and months,  we could see billions of dollars flow into Bitcoin as institutional investors take interest in the crypto market. As noted by one analyst, BlackRock can scoop up all BTC on exchanges with just 0.32 percent of the assets it has under management.

After a decade of existence, Bitcoin has proven itself to be a great hedge against inflation and has further shown that it’s here to stay. After betting against it and rightfully losing, institutional investors are slowly adopting and investing in Bitcoin.

Blackrock which has trillions under management also has a partnership with Coinbase that allows its clients to invest in cryptocurrencies directly.

Read More: BREAKING: Blackrock adds Bitcoin to their $15TR Global Allocation Fund, trillions of $ to flow the market

EDNY and SEC investigate DCG and Genesis

Although Bitcoin continues to cement its place in the financial district, some companies involved with digital assets have damaged the entire market’s reputation. It began with the FTX crash but has spilled into other companies and projects including Digital Currency Group (DCG) and its subsidiaries like Genesis and Grayscale. Earlier this week, reports emerged that the Eastern District of New York attorney office and the US SEC are investigating DCG and Genesis over its inter-company loans and money transfers.

Regulators have expressed concerns about the internal financial transactions of the Barry Silbert-owned crypto firm. One of these was declared by Silbert back in November 2021, when the CEO told investors that DCG received around $575M in loans from Genesis Global Capital due later this year.

Prior to the investigation, there was widespread concern that the firm could declare bankruptcy and trigger a major dump in the market.

Read More: BREAKING: EDNY and SEC are investigating DCG and Genesis – Will we see the biggest crash in Bitcoin history?

Ethereum developers push forward with the Shanghai upgrade to enable withdrawals of staked Ether

After a successful Merge upgrade in 2021, Ethereum developers are taking a focus on the Shanghai upgrade. Significantly, this will enable withdrawals of staked Ether. Although this could trigger volatility around the second largest cryptocurrency, Ethereum developers voted to move forward with this move in the first virtual meeting of the new year. Developers further discussed  EVM 2.0 during the call, voting to remove it from the Shanghai upgrade.

As of the press, there’s over $20 billion staked on the Ethereum network. Since shifting from PoW to PoS, this amount has helped secure the network and has been inaccessible to investors.

Massive withdrawals of the staked amount could trigger panic and affect ETH prices. However, analysts remain long-term bullish on the altcoin.

Read More: Ethereum developers push forward with Shanghai upgrade to enable withdrawals of staked Ether

Polygon partners with Samsung and Mastercard

Polygon has started the year right where it left the last, taking a focus on development. Its reward this week has come in the form of being chosen by a financial giant and tech giant. Polygon confirmed via a Twitter announcement that Savage App and Samsung will leverage Polygon to bring the best quality photos and videos to Web3 users. The Savage Smart TV app enables easy IRL display connectivity and uploads of top-quality media from any marketplace (up to 8K).

Read More: Polygon partners with Samsung to bring highest quality photos and videos in Web3 – Will MATIC explode?

Mastercard on the other hand plans to build its new Web3 program designed to help underground artists on Polygon. The new innovative program dubbed the Mastercard Artist Accelerator will use Web3 and blockchain to help artists with brand building.

Read More: BREAKING: Mastercard chooses Polygon blockchain for music artist accelerator program – Report

These developments will help accelerate Polygon adoption and increase MATIC utility. In the long term, this will boost the native token’s price to new highs.

Shiba Inu: Shibarium is on the way and will solve scaling problems in trillion-$-market

The Shiba Inu community is very excited about the imminent Shibarium update and the development team is working tirelessly to deliver the same. Shibarium is set to be the layer-2 solution in the Shiba Inu ecosystem. One of its key features that will help in scalability is allowing for off-chain transactions which can be completed on-chain in batches.  Earlier this week, developers shared an update on what will be the Shibarium primary utility token.

In the announcement, the team further revealed that each Shibarium transaction would burn SHIB.

Shibarium Update 🧵

While on our last post we wanted to remind everyone that BONE 🍖 serves as the required gas token for operability within Shibarium, we also would now like to formally announce that each #Shibarium transaction will burn 🔥 SHIB.

1/2 🧵 pic.twitter.com/zQRoOuL9oW

— Shibarium Network (@ShibariumNet) January 7, 2023

The successful launch of Shibarium is set to boost Shiba Inu’s reputation among developers. Shibarium will play a crucial role in the development of decentralized applications (DApps) on the Shiba Inu platform. In the long term, this will boost SHIB and BONE in utility and price movement.

CNF weekly Briefing: EDNY and SEC investigate DCG, Blackrock adds Bitcoin, Shibarium takes major stride, Ethereum developers push forward with Shanghai upgrade, Polygon partners Samsung and Mastercard

Read More: Shiba Inu: Shibarium is on the way and will solve scaling problems in trillion-$-market – Impact on SHIB price

Der Beitrag CNF weekly Brief: EDNY and SEC investigate DCG, Blackrock adds BTC, Shibarium takes major stride, Ethereum on Shanghai upgrade, Polygon partners Samsung and Mastercard erschien zuerst auf Crypto News Flash.

Shiba Inu is set to take over the crypto market with the launch of its new Layer-2 scaling solution Shibarium. The launch of Shibarium has been teased for the most part of 2022. Developers are now updating the Shib community on the next move to keep an eye out for.

In a recent tweet from Ringoshi Toitsu, the operator of FUND REUMining and Validator on the Unification maincahin, revealed that Unification and Shib are coming together to “unify data together.”

Toitsu also gave more insight on when to expect the launch in response to a twitter user who insisted on getting an exact date for public beta testnet launch.

“Unification and SHIB team are working non stop to have Shibarium released. There is no exact date provided & would be against my ethics to provide a solid date with no substantial evidence. Best we can do is speculate SOON given the recent github updates.” He explained.

However, a Shib influencer known as Shib BPP, has revealed that the beta testing is going to come right after the documentation process, which is next on developers list.

He also pointed out the addition of a “Shibarium announcement” section to the official Shiba token community on Discord.

$SHIB discord has added a new section #SHIBARMY pic.twitter.com/ySfjkXvj7E

— $SHIB BPP (@ShibBPP) January 4, 2023

Meanwhile, developers have taken time out to clear up rumors surrounding the upgrade. Via the official Shibarium network twitter handle, developers confirmed that Bone is the only token selected by developers for usage and gas fees. “No other tokens will be necessary to operate within the protocol.” They added.

Shibarium Update 🧵

As we approach the launch of the upcoming Shibarium Beta Network, we first would like to start by thanking the Shiba community for bringing such energy and excitement surrounding the upcoming phased introduction.

1/6 🧵

— Shibarium Network (@ShibariumNet) January 4, 2023

Developers have also debunked claims that suggests that Shibarium is being developed for other tokens.

“Furthermore, and to make it strictly clear: Shibarium has been developed for @Shibtoken and not for the sake of other projects who claim ownership or speculation surrounding its operability dependency on any other tokens.” They explained in another tweet.

Developers reminded community members that the layer-2 scaling solution only belongs to the Shib community and its “solid foundation.” Shibarium will always encompass support Shiba sinus and its growth, they added.

Can Shib attain a price level of $0.10?

Shiba Inu has seen a commendable spike in its price since its launch in August of 2020. Since then, the meme coin has been mentioned side by side with the likes of Dogecoin, one of the longest-standing memecoin in the market.

Shib’s highest price to date is $0.000086. Shib attained this price on the 28th of October and has since dropped to $0.000084.

Shibarium’s launch is expected to take to bring scalability to the network, and this could in turn help Shib to gain more momentum in the market.

Some analysts have also predicted that Shiba Inu has the capacity to rise to $0.10 this year. But in the short term, some are predicting a 30% spike in price before the end of January.

Der Beitrag Shiba Inu to solve scaling-problem in trillion-$-market – Important updates and SHIB on the way to $0,10 erschien zuerst auf Crypto News Flash.

Shiba Inu developers are at the final stages of completing the Shibarium updates, according to an influencer on Twitter with the username @ShibBPP. The Shiba Inu community member shared a Discord message posted by one of the network’s core developers, Trophias, who disclosed the next steps before the long-awaited Shibarium beta launch.

First website ✅ docs next 🔥 then Beta #SHIBARMY pic.twitter.com/zZ7fQG6qSe

— $SHIB BPP (@ShibBPP) December 28, 2022

In the Discord message, Trophias hinted that all that is left before the beta launch is for the developers to release the Shibarium whitepaper. In addition, the developer wrote in the shared message that the first stage had been the website development, the document, and the beta launch.

Furthermore, the SHIB influencer further confirmed Trophias’ statement by sharing another message from Shytoshi Kusama in a follow-up Twitter post. Kusama’s discord message reveals that developers are integrating the final pieces of the upgrade, which will be accompanied by organizational changes and document releases before the Shibarium project launch.

No wrapping paper needed $SHIB Just a nice big bow 🙏 pic.twitter.com/O4XgACiXw8

— $SHIB BPP (@ShibBPP) December 28, 2022

It is worth noting that the core developers have previously teased the Shiba Inu community about launching the Layer-2 protocol for more than a year. The SHIB team initially scheduled the project launch for September. However, the developers revealed that there are technical flaws that would cause a delay in the planned launch. The team has yet to reveal the exact launch date, which drew the ire of the Shiba Inu community.

Taking the first step

Based on the available information, the Shiba Inu developers have taken the first step toward launching the Shibarium beta phase after completing the network’s website update on Sunday. In a recent report, Kusama stated that the project launch would not be any time soon. Meanwhile, he wants the Shiba Inu community to use this period to spend time with their families and loved ones and assure them that the team will announce the beta launch soon.

Kusama’s clarification shows that the Shibarium launch will likely happen in early 2023, even as the development team has repeatedly revealed that the launch is close. However, following the update of Shiba Inu’s website, the Shibarium upgrade will be the next launch for the meme crypto network.

Will SHIB benefit?

SHIB’s price, as revealed by industry experts, is bracing for a surge as the Shibarium launch gets closer. Experts predict that the launch would position the canine crypto platform to compete with other Ethereum Layer-2 scaling solutions like Polygon. As previously reported on Crypto News Flash, two significant benefits of the Shibarium launch are low costs and high throughput features, which will be attractive to decentralized applications (dApps) projects.

It will allow dApps to host any of Shiba Inu’s projects. Moreover, Shibarium will provide developers with the platform to enhance further the SHIB ecosystem, which will also boost SHIB’s price and accelerate the SHIB burn rates. At the time of writing, SHIB is changing hands at $0.000007941, as revealed by recent data.

Der Beitrag Shiba Inu: These final steps before Shibarium launches for billion-$-market – Will SHIB hit $1? erschien zuerst auf Crypto News Flash.