The upcoming release of Shibarium has been a hot topic among the cryptocurrency community in recent months.
While many members of the Shib community are hoping for a launch on February 14th, the lead developer Shytoshi Kusama has dampened expectations for a Valentine’s Day launch of the Layer-2 blockchain platform.
Uncertain Launch Schedule for Shibarium
Shytoshi Kusama, a well-known developer of Shiba Inu (SHIB), has given new information regarding the highly anticipated launch of its layer-2 network. When asked about it, Shytoshi stated that there are no concrete details that can be disclosed at this time, “You want an exact date? No… I don’t have one because the release won’t be an on/off switch”
What Will Be the Impact on SHIB?
The developers of Shiba Inu (SHIB) are working to enhance the value and stability of the cryptocurrency through a Layer-2 blockchain network. The goal is to raise SHIB’s price through a burn mechanism and make it more attractive to investors.
In the cryptocurrency market, lower transaction fees are a major factor in attracting more users and transactions. As previously reported by Coingape, SHIB has already gained popularity, surpassing 1.3 million holders and experiencing a significant price increase.
Many investors see the upcoming launch of Shibarium as a chance to accumulate more SHIB in anticipation of continued growth in 2023. The meme cryptocurrency is attracting the attention of both new and experienced investors due to its potential to generate substantial wealth.
Shiba Inu’s Trading Volume Experiences a 42% Increase
As reported by CoinMarketCap, the trading volume of Shiba Inu has seen a significant increase of 42.45% in the last 24 hours, with its price hovering above the crucial $0.000013 level. Currently, the price of SHIB has risen by 1.14% in comparison to the previous day and is trading at $0.00001301, with a 24-hour trading volume of $382,908,529.