Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Shiba Inu (SHIB) was trading at $0.00001060, reflecting a surge of 0.93% within the last 24 hours. For the better part of a week, the memecoin has been on a losing streak as the price movement has remained somewhat chaotic, to the benefit of the bears.
SHIB hit a low of $0.00001033, making the current price a significant upshoot for even short-term investors. If the market remains bullish, SHIB may be able to maintain positive growth.
As per the latest message posted by the admin of the SHIBARIUM TECH Telegram group, the official Shibarium documentation is ready. “Also, we will release more things than docs if possible,” the message read.
The lead Shiba Inu developer Shytoshi Kusama had earlier promised that Shibarium would not only serve as a Layer 2 platform for Shiba Inu ecosystem members, but would also attract members of the broader crypto community. Built on the Ethereum blockchain, Shibarium is expected to bring a lot of attention to meme coins.
The Shiba Inu token took a massive hit in the wake of the Silicon Valley Bank collapse. The token tumbled down the price chart but has been trying to recover.
Read Price Prediction for Shiba Inu [SHIB] for 2023-24
That being said, the arrival of Shibarium might potentially mark a new era for Shiba Inu. One in which it moves from being just a meme cryptocurrency to being a platform that offered genuine utility. Just last week, the project announced the public beta launch of Shibarium, a launch that is expected to push SHIB’s price in the future.
Shiba Inu was founded in 2020 by an anonymous techpreneur.
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