Shiba Inu’s (SHIB) Shibarium to Be Supported by Atomic Wallet

Preparation for the highly anticipated Layer-2 upgrade for Shiba Inu (SHIB) continues in full effect.

Shiba Inu dog sitting on a hill, looking at an asteroid with the letter A engraved inside.
  • Developers say the Layer-2 solution for SHIB is in the Beta phase.
  • Ledger announced the inclusion of Shibarium in their roadmap.
  • Shiba Inu’s burn rate shot up by 28385.44% in the last 24 hours.

Preparation for the highly anticipated Layer-2 upgrade for Shiba Inu (SHIB) continues in full effect. A few days ago, the most popular hardware crypto wallet manufacturer Ledger expressed its support for Shiba Inu’s Layer-2 and included Shibarium in Ledger’s roadmap for 2023.

On top of that, the SHIB Army finds even more reason to celebrate, as Atomic Wallet, another prominent player in DeFi, officially declared support for Shibarium. Atomic Wallet provides over five million users worldwide with a self-custodial wallet.

SHIB Burn Rate Ignites Following the News

Right after the self-custodial wallet provider posted the tweet, Shiba Inu’s burn rate spiked to levels unseen in 2023. At the time of publication, the SHIB burn rate catapulted by 28385.44%, sending 27,666,615 SHIB tokens to the bottomless pit in the last 24 hours.

Sponsored

On the other hand, the developments in relation to Shibarium didn’t reflect on Shiba Inu’s market price, as it barely moved in the last 24 hours. The popular canine coin is changing hands at $0.00001160, according to CoinGecko. Fetching over 22.3% in the last two weeks, SHIB had a bullish month and even restored the fundamental resistance level of $0.00001.

A couple of weeks ago, rumors surfaced that Shibarium’s public launch could happen on February 14th, 2023. Many members of the Shiba Army believe this as the most plausible option because Shytoshi Kusama previously dropped a clue with a heart-shaped box, implying that he was preparing a serenade for the special day.

However, at this time, it’s unknown whether the lead developer will manage to learn to play the flute by Valentine’s Day. The Unification team is grinding hard to bring the Shibarium Beta to the public, even though last weekend was marked by a dogfight between community members.

Sponsored

Ultimately, the move to clean house might bring more certainty to the SHIB Army, as a whopping 92% of the members on Twitter expressed their support for Shytoshi Kusama to remain the leading developer.

On the Flipside

Why You Should Care

Shiba Inu has one of the most active and wide communities in crypto.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.