The anticipation surrounding Shibarium, the layer two (L2) scaling solution for Shiba Inu, has the Shibarmy buzzing with excitement. Lead developer Shytoshi Kusama has hinted at the imminent official launch of Shibarium, marking the culmination of months of dedicated work. This development has propelled Shiba Inu’s value to surge at a remarkable pace, outpacing other meme coins in recent times.
Recent data from cryptocurrency price oracles indicates that Shiba Inu’s value has risen by approximately 23 percent over the past fortnight, settling at around $0.00001028 as of Tuesday. Moreover, Shiba Inu’s auxiliary tokens have also experienced significant growth, with Doge Killer (LEASH) surging by about 38 percent during the same two-week period.
An interesting observation is that Shiba Inu’s price requires only a 73 percent upswing to reach approximately $0.00001773. This milestone would position Shiba Inu to surpass Dogecoin as the leading meme coin in the market.
The source of much of this volatility is attributed to the impending launch of Shibarium. KuCoin, a prominent cryptocurrency exchange, has hinted that Shibarium’s official release is slated for August 15, 2023. This announcement comes after an extended period of public testing, which has generated heightened optimism within the community. Notably, this launch coincides with a live event where Shytoshi Kusama is expected to make a virtual appearance.
The event, titled ‘Dear Humanity: An Insider’s Perspective,’ will take place in Toronto and is scheduled to commence at 14:10 EDT. All members of the Shibarmy are invited to participate either in person or virtually. The convergence of these events has added to the excitement surrounding Shiba Inu’s future prospects.
