Last week, Shiba Inu’s (SHIB) main developer Shytoshi Kusama revealed the link between ‘Shiba Eternity’ and the upcoming Shibarium. The Layer-2 solution is expected to become the cornerstone of the Shiba Inu (SHIB) ecosystem. The upgrade will power ‘SHIB: The Metaverse’, as well as provide more utility for gas fee token Bone ShibaSwap (BONE).
Hmm... 🤔 Can you imagine buying, selling, and trading Collectible Cards on the ? 👀 Now imagine the gas ⛽️ fees paid in 🍖 for every transaction! 🔥🔥🔥 Let's Go Ecosystem! 🚀🌙🌟
— 𝐋𝖆𝖉𝖞 🔥 𝐂𝖗𝖞𝖕𝖙𝖔 (@_Lady_Crypto_)
Shibarium This Month?
October 19th, 2022 will see the release of , the development company behind Shibarium. According to speculation on Twitter among some members of the SHIB Army, the Shibarium testnet could even come online by as soon as October 26th, 2022.
Rumour : The L2 blockchain is supposed to be launched on October 26. pic.twitter.com/k7Zxsv1sTf
— Enzo Beauvais (@IIGODZILLAIIOFF)
The launch was initially expected to take place at the end of Q3, and lead developer Shytoshi Kusama took the time to explain the delay on Discord. Tensions quickly rose in the SHIB army as with the mysterious programmer’s actions, calling for Shytoshi Kusama to step down.
Sponsored
Kusama quickly fired back at the malcontents, remarking: “People say I should step down, and I say they should step up”. Moreover, the lead developer disclosed that building a structure that can truly support the Shiba Inu (SHIB) ecosystem has “proven to be difficult, taxing & dangerous”.
Some more.. pic.twitter.com/s02uc9APKa
— ♛ Lucie Sasínková ♛ (@GossipSHIB)
Shiba Inu (SHIB) Gets the Nod from Google
Regardless of the discontent, last week proved to be special for the Shiba Army, as Shiba Inu (SHIB) was included in Coinbase’s partnership with Google Cloud. The decision effectively means that large business entities will now be able to make payments in the popular leading meme coins Shiba Inu (SHIB) & its arch nemesis Dogecoin (DOGE), along with other top 20 cryptos.
In spite of the harsh conditions experienced in the crypto market, 12th-ranked cryptocurrency Shiba Inu (SHIB) is priced at $0.00001036 at the time of writing, according to CoinGecko, Indicating mild growth of 1% in the last 24 hours.
In conclusion, Shiba Inu (SHIB) has managed to maintain its price above the crucial $0.00001 support line, even despite the delays to Shibarium. Much of the efforts to stay afloat have come from the SHIB Army itself, which has contributed to burning 50 million of its beloved canine tokens in just the last 24 hours. At the time of publication, the Shiba Inu (SHIB) burn rate is going through the roof, recording a 584.32% daily increase.
In the past 24 hours, there have been a total of 50,802,530 tokens burned and 6 transactions. Visit https://t.co/t0eRMnhnPL to view the overall total of tokens burned, circulating supply, and more.
— Shibburn (@shibburn)
On the Flipside
- Some crypto enthusiasts argue that Shytoshi Kusama would need to of Shiba Inu’s (SHIB) total supply to make any significant dent in the price of $SHIB.
- The 26th October launch date is based purely on rumor, and has not been confirmed by the Shiba Inu developer team.
Why You Should Care
Shibarium’s launch is expected to have a substantial impact, as Shiba Inu (SHIB) seeks to become the top dog meme coin. Current leader, Dogecoin (DOGE) is also working on a Layer-2 solution, which is estimated for release in early 2023.
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