Shiba Inu (SHIB) Launches Special Countdown in Hopes of Shibarium

The Shiba Inu (SHIB) developer team surprised the SHIB Army with a celebratory countdown. The official ShibSwap page now presents a mysterious countdown decorated with a Shiba Inu looking through the window. At the time of publication, the countdown has less than five hours on the clock as the SHIB Army on Twitter eagerly waits for the major update.

The wait might be over for the most impatient members of the SHIB community, as the update is likely to be in relation to Shibarium. According to crypto enthusiast Crypto Nuddy, Shibarium is ready for its beta version to be launched. The Layer-2 upgrade is mandatory to run SHIB: The Metaverse, the memecoin’s Web3 project. On top of that, the other altcoin in the Shiba Inu Ecosystem, Bone ShibaSwap (BONE), is planned to be used for gas fees on the newly established network.

Shiba Inu’s Regaining Confidence Following the News

Right after the countdown announcement, the Shiba Army took over Crypto Twitter with numerous simultaneously trending hashtags like #SHIBARMY, #BONE, and #Shibarium. Further on, the popularity of the Japanese guard dog-themed memecoin is evident in the fact that SHIB became one of the most watched crypto assets on Binance, the largest crypto exchange in the world.

As the stats reveal, SHIB came just behind the leading crypto assets Bitcoin (BTC) and Ethereum (ETH). The two-year-old memecurrency has already proved to be favored by the largest ETH whales; however, the recent trends show a significant increase in Binance Smart Chain (BSC) whales. As a result, the total wallet number count is gradually increasing, even amid a very harsh crypto winter.

At press time, SHIB is changing hands at $0.00000868, according to CoinGecko. Marking a 2.1% increase in the past 24 hours, the memecurrency is still far below its crucial resistance line of $0.00001, which supported it for most of the year.

On the Flipside

• Despite the rumors of the Shibarium Beta Phase launch, some of Crypto Twitter believes that the countdown is unrelated to Shibarium.

Why You Should Care

The upcoming Layer-2 solution for the highly popular SHIB will transform the ERC-20 token based on ETH into a self-sufficient blockchain.

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