Shiba Inu Rises Despite The Imminent Update


The SHIB token (Shiba Inu) is the offspring of the Ethereum network – an alternative to DOGE (Dogecoin). SHIB is somewhat opposite Bitcoin in terms of availability. While BTC intends to make it rare in the crypto market, the SHIB token is pouring in in abundance.

This is evidenced by the total supply of 1 quadrillion, although her community plans to drop that number. Also, its ecosystem is a good ground for various projects. Some of these projects are creating a decentralized exchange known as Shibaswap and storing NFT art.

The SHIB team recently launched their game, which is referred to as Shiba Eternity. However, there are still updates pending on the game from the developers.

The developers revealed that they will release more updates to the newly launched Shiba Eternity on Thursday. The announcement will be accompanied by an event according to the community. But the awaited update from the developers has already become a topic of discussion on Twitter.

This is due to the already defined Twitter spaces. Community members will share their thoughts about Shebaa Immortality Project there. More updates will come from the founder and lead developer of SHIB Token, Shytoshi Kusama and William Volk. They intend to release these updates on SHIB’s official Twitter page.

Briefing on the development of chybarium

A layer 2 blockchain network from SHIB developers is currently in preparation. The blockchain is known as Shibarium, and it aims to reduce the workload of building applications for the blockchain ecosystem. The primary beneficiaries of this new development are the developers and users.

The idea of ​​the Shibarium layer-2 network is similar to that of the Ethereum blockchain. The reason is that both networks support decentralized application developers (DApps).

The idea behind the project is to lower transaction costs for games. This is possible because the project will serve as an excellent second layer for the community and SHIB token.

A quick look at the Shiba Inu . price

Given the current bearish state of the crypto market, it comes as no surprise that the value of the SHIB token has plummeted. This is evident from the market observation of the past four weeks.

The token is now down to its value dating back three months ago. There is no indication that a rise is likely any time soon. The same can be said about the general crypto market.

But it seems that Shytoshi Kusama’s upcoming community project update is raising the hopes of many fans of the SHIB token. As a result, many investors are watching the price of the SHIB token. The digital token is currently trading in an uptrend.

Shiba Inu rise despite imminent update
Shiba Inu directions up to SHIBUSDT on Tradingview.com
Featured image from UnSplash, Chart: TradingView.com





Leave a Comment

Your email address will not be published. Required fields are marked *