- Shibarium Public Beta officially gets the green light from SHIB Token.
- Two days ago, lead dev Shytoshi Kusama paused the intake form.
- Shibariumโs gas fee token Bone ShibaSwap skyrocketed by 16.9%.
The official SHIB Token team has confirmed today that the Shibarium Public Beta release will launch this week. The eagerly anticipated Layer-2 scaling solution for Shiba Inuโs (SHIB) Ecosystem is finally ready to go live a week after launching the Shibarium Tech website. Whatโs next is the gateway to access the Beta website, which will be revealed over โthe next few days.โ
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The community, popularly known as the SHIB Army, and the Unification developers expect the white paper and other crucial documentation for the Layer-2 blockchain to come through next. Meanwhile, Shiba Inuโs (SHIB) charts just printed out a massive green candle, which added 2.9% to SHIBโs market price in an hour.
At press time, the #15 ranked popular canine memecoin trades at $0.00001129, according to CoinGecko. Even though SHIB is still licking its wounds from the recent Silvergate-infused bear market, the Japanese guard dog-themed cryptocurrency has maintained its fundamental resistance line of $0.00001 since January 1st, 2023.
All Eyes on BONE in the Wake of Shibarium
Another trending token from the Shiba Inu Ecosystem, Bone ShibaSwap (BONE), is meant to play a crucial role in Shibarium, as $BONE was deemed the only token for gas fees on the newly-launched self-sufficient blockchain.
Following the news, Bone ShibaSwap returned to the TOP 100 by global crypto market capitalization. At press time, the #98 ranked altcoin Shiba Inuโs BONE is priced at $1.86, according to CoinGecko.
Besides, $BONE formed a hidden bullish divergence a week ago when Crypto.com listed the token on its platform. Shooting $BONE up back to the critical resistance at $2 for a moment, the gas fee token differs from SHIB in that it has a clear max supply of 250,000,000.
On the Flipside
- The long-awaited developments and excitement from the SHIB Army are yet to reflect on Shiba Inuโs burn rate. According to Shibburn, the burn rate dropped by 75.17% following the news. With only 7.35 million Shiba Inu (SHIB) tokens set ablaze, it sums up to just $82.26.
Why You Should Care
The transition to a self-sustaining blockchain for Shiba Inu (SHIB) means that the ERC-20 token wonโt depend on Ethereum (ETH), which could significantly decrease transaction costs.
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