
- The vast community of Shiba Inu is waiting for the Shibarium upgrade.
- Shytoshi Kusama set up a Shibarium-dedicated Telegram channel.
- SHIB dropped by 8% in the last 24 hours despite the bullish news.
The popularity of Shiba Inu (SHIB) memecurrency reached new heights this week, as the popular canine coinโs community recorded three times faster social growth than other crypto projects in the TOP 10.
To illustrate, SHIB picked up 32,455 new members on Telegram, significantly more than the runner-up MEXC (MX), which onboarded 11,768 new Telegram members. This comes just a couple of weeks after Shytoshi Kusama carried out the developer purge within the community.
Sponsored
On that note, Shytoshi also set up a new Telegram channel called โAll Things Shibarium Shy/ Officialโ for all things Shibarium, which has already surpassed 20,000 members. However, there are a couple of trendy unofficial Telegram groups for Shibarium, which also have tens of thousands of members.
TOP 10 PROJECTS BY #COMMUNITY GROWTH ON MAJOR #SOCIAL PLATFORMS#Telegram: $SHIB #SHIB $MX $EVER $MIX $LAT $ALBT $MBX $GMT $XIDO $SURE #Twitter: $AUTO $MATH $NEAR $OKB #OKX $WEMIX $VOLT $MX $BGB #BABYDOGE#Discord: $XETA $JOE #JOE $CANTO $EOS $ISP #ISP $SAND $WOMBAT $SWEAT pic.twitter.com/NsB3o370G3
— ๐บ๐ฆ CryptoDiffer - StandWithUkraine ๐บ๐ฆ (@CryptoDiffer) February 8, 2023
Shibarium Unleashed on Valentineโs Day?
The recent fiery squabble in the doghouse overshadows the communityโs high hopes regarding Shibariumโs launch. Besides, the Layer-2 solution for SHIB has been in development for nearly two years. Meanwhile, the main developer Shytoshi Kusama was lately reported to be โin the situation roomโ and putting the final touches on Shibariumโs documents.
As the wait continues, Shiba Inu manages to sustain its fundamental resistance line at $0.00001 but lost 8% of its value in the last 24 hours, likely to be affected by the SECโs crackdown on the Kraken crypto exchange.
The #15 ranked Japanese Kabosu guard dog-themed cryptocurrency is changing hands at $0.00001235, according to CoinGecko. Ultimately, the next few weeks will be crucial for the future of the two-year project, as the devs are working hard to present new features for the fastest-growing community in crypto.
#ShibArmy MASSIVE GROWTH ahead in this next Bull Run!! โ โ ๐๐๐๐๐ #Shibarium pic.twitter.com/xhBCCzMZvL
— Henok (๐พ, ๐จ) (@henokcrypto) February 10, 2023
On the Flipside
- Bone ShibaSwap (BONE), the other altcoin in the ecosystem, Shibariumโs only gas fee token, has plunged by 15.8% in the last 24 hours.
- The February 14th, 2023, launch date for Shibarium is not confirmed by the official SHIB Token team, despite Shytoshi dropping hints.
- Today, Shiba Inu (SHIB) had to grudgingly step away from the #13 position by global market cap, giving way to Polkadot (DOT).
Why You Should Care
Shiba Inu (SHIB) is an ERC-20 token on the Ethereum (ETH) blockchain, currently transitioning into a self-sufficient ecosystem through Shibarium, the Layer-2 scaling solution.
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