Shibarium is Almost Here
Shiba Inu, an enormously popular memecoin is on its approach to a game-changing technological update. This was announced on Shibarium Network's official Twitter, where the creators thanked the SHIB community for providing such energy and enthusiasm surrounding the planned gradual introduction. Furthermore, the developer team dispelled concerns that Shibarium might have more than one gas tax token. The sole cryptocurrency utilized for transaction fees is Bone ShibaSwap (BONE). Finally, the developer team stated that no more tokens will be required to function within the system.
The Shibarium gas charge token has had a fantastic month, gaining 37.5% in the previous 30 days. Furthermore, the upward trend resulted in BONE recovering its critical support level at 1 USD. BONE achieved its greatest performance since 8th of November 2022, as the gas fee token for Shiba Inu's Layer-2 solution is well-liked by major Ethereum (ETH) whales.
SHIB, the fundamental token of the Shiba Inu Ecosystem, has also increased by 3.9% in the previous 24 hours. This follows the announcement that portions of Shibarium's code have been made public on GitHub. Shibarium Beta is being developed in collaboration with xFund and will be released as soon as feasible.
The development has rekindled the SHIB Army's desire to burn canine tokens in order to keep Shiba Inu's market price stable. Shibburn reports that the SHIB burn rate has increased by 33.53% in the previous 24 hours, with 90 million tokens already on fire.
Movement of Shiba Inu since Joining the Market
Source: TradingView
Sources:
https://www.tradingview.com/chart/?symbol=COINBASE%3ASHIBUSD
https://coinmarketcap.com/headlines/news/shiba-inu-official-shibarium-account-update-launch/
https://bitcoinist.com/shiba-inu-shibarium-launch-draws-near/
https://coingape.com/shiba-inu-official-shibarium-account-update-launch/
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