{"id":518665,"date":"2023-02-04T12:41:09","date_gmt":"2023-02-04T12:41:09","guid":{"rendered":"https:\/\/wncen.com\/?p=518665"},"modified":"2024-06-11T07:48:53","modified_gmt":"2024-06-11T07:48:53","slug":"shiba-inu-gains-by-14-as-shibarium-beta-launch-inches-closer","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-gains-by-14-as-shibarium-beta-launch-inches-closer\/","title":{"rendered":"Shiba Inu Gains 14% In Last 24 Hours As Shibarium Beta Launch Inches Closer"},"content":{"rendered":"

Shiba Inu, popularly known as the “Dogecoin Killer,” has been one cryptocurrency with a constant buzz around it in 2023.\u00a0<\/span><\/p>\n

According to data from CoinMarketCap<\/a>, the second largest meme coin has gained a staggering 74.41% since the start of the new year as the crypto market continues its impressive recovery.\u00a0<\/span><\/p>\n

Much of the attention around Shiba Inu has been driven by the impending launch of Shibarium, a layer-2 network designed to reduce Shiba Inu\u2019s reliance on the Ethereum blockchain by processing the larger portion of transactions involving all Shiba Inu-based tokens – SHIB, LEASH, and BONE – thus leading to higher throughput and lower fees.<\/span><\/p>\n

In the latest development on Shiba Inu, the token has soared by 14% in the last 24 hours, outperforming every other coin in the top 40 crypto cryptocurrencies based on market cap values.<\/span><\/p>\n

SHIB\u2019s recent price rally occurred a day after the Unification Foundation, Shibarium co-developers, released an update on the layer-2 project, boosting the level of excitement among the \u201cSHIB Army\u201d – SHIB holders and loyal supporters.\u00a0<\/span><\/p>\n

At the time of writing, Shiba Inu is changing hands at $0.00001409, with a daily trading volume of $1,138,725,144. Based on more data from CoinMarketCap<\/a>,SHIB is ranked as the 13th largest cryptocurrency in the market, with a market cap value of $7,735,163,773.<\/span><\/p>\n

\"shiba<\/p>\n

 <\/p>\n

SHIB trading at $0.00001408 | Source: SHIBUSD chart on Tradingview.com<\/a><\/span><\/p>\n

 <\/p>\n

Related Reading: Fetch.AI (FET) Soars 20% In Under 24 Hours As AI Arms Race Hastens<\/a><\/div>\n

Shibarium Beta Launch Gets Closer<\/span><\/h2>\n

According to a medium blog post<\/a> on Friday, the Unification Foundation gave a much-needed update on the Shibarium project, in which they stated the beta launch date is quickly approaching.\u00a0<\/span><\/p>\n

\u201cUnification has always worked with projects we believe in, as architectural development support, and are proud to do so with our friends on this project. Given the scope, it\u2019s foolish to rush, but work is progressing well, and although the public beta network is yet to be deployed, that day is rapidly moving ever closer,\u201d read the statement.<\/span><\/p>\n

Although the exact date of Shibarium\u2019s launch date is yet to be mentioned by either the Unification Foundation or the Shiba Inu lead developer Shytoshi Kusama, many of the SHIB army predict it to be February 14.\u00a0<\/span><\/p>\n

Such speculations are rampant due to a cryptic tweet posted by Shytoshi, which is now deleted. The tweet read, \u201cQuickly learning to play the flute before putting Shibarium in a heart shaped box with a bow.\u201d<\/span><\/p>\n

Another Shibarium update mentioned in Unification\u2019s blog post is the successful testing exercise of the Oracle of Oracles (OoO) solution on the Shibarium alpha network.<\/span><\/p>\n

Related Reading: Don\u2019t Get Too Greedy On Bitcoin, Analyst Suggests, Here\u2019s Why<\/a><\/div>\n

Shiba Inu (SHIB) Price Prediction For 2023<\/span><\/h2>\n

According to PricePrediction.net, SHIB is expected to show an overall bullish trend in 2023. Based on their price forecasts<\/a>, the meme coin could trade as high as $0.00001960, indicating a plausible 39.40% gain on the current market price.<\/span><\/p>\n

Coincodex also predicts SHIB to maintain its current positive price pattern. By 2024, Coincodex anticipates<\/a> SHIB could be trading with a market price of $0.00002005 if the token\u2019s growth is similar to that of the projected internet evolution.<\/span><\/p>\n

That said, these Shiba Inu price predictions should not be used for investment advice, as the crypto market movement remains subject to numerous forces which could result in heavy losses. However, considering its current market performance and the upcoming launch of Shibarium, Shiba Inu remains one of the most promising tokens of 2023.\u00a0<\/span><\/p>\n

Featured Image: Freepik, chart from Tradingview.com<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu, popularly known as the “Dogecoin Killer,” has been one cryptocurrency with a constant buzz around it in 2023.\u00a0 According to data from CoinMarketCap, the second largest meme coin has gained a staggering 74.41% since the start of the new year as the crypto market continues its impressive recovery.\u00a0 Much of the attention around Shiba Inu has been driven by the impending launch of Shibarium, a layer-2 network designed to reduce Shiba Inu\u2019s reliance on the Ethereum blockchain by processing the larger portion of transactions involving all Shiba Inu-based tokens – SHIB, LEASH, and BONE – thus leading to higher throughput and lower fees. In the latest development on Shiba Inu, the token has soared by 14% in the last 24 hours, outperforming every other coin in the top 40 crypto cryptocurrencies based on market cap values. SHIB\u2019s recent price rally occurred a day after the Unification Foundation, Shibarium co-developers, released an update on the layer-2 project, boosting the level of excitement among the \u201cSHIB Army\u201d – SHIB holders and loyal supporters.\u00a0 At the time of writing, Shiba Inu is changing hands at $0.00001409, with a daily trading volume of $1,138,725,144. Based on more data from CoinMarketCap,SHIB is ranked as the 13th largest cryptocurrency in the market, with a market cap value of $7,735,163,773.   SHIB trading at $0.00001408 | Source: SHIBUSD chart on Tradingview.com   Related Reading: Fetch.AI (FET) Soars 20% In Under 24 Hours As AI Arms Race Hastens Shibarium Beta Launch Gets Closer According to a medium blog post on Friday, the Unification Foundation gave a much-needed update on the Shibarium project, in which they stated the beta launch date is quickly approaching.\u00a0 \u201cUnification has always worked with projects we believe in, as architectural development support, and are proud to do so with our friends on this project. Given the scope, it\u2019s foolish to rush, but work is progressing well, and although the public beta network is yet to be deployed, that day is rapidly moving ever closer,\u201d read the statement. Although the exact date of Shibarium\u2019s launch date is yet to be mentioned by either the Unification Foundation or the Shiba Inu lead developer Shytoshi Kusama, many of the SHIB army predict it to be February 14.\u00a0 Such speculations are rampant due to a cryptic tweet posted by Shytoshi, which is now deleted. The tweet read, \u201cQuickly learning to play the flute before putting Shibarium in a heart shaped box with a bow.\u201d Another Shibarium update mentioned in Unification\u2019s blog post is the successful testing exercise of the Oracle of Oracles (OoO) solution on the Shibarium alpha network. Related Reading: Don\u2019t Get Too Greedy On Bitcoin, Analyst Suggests, Here\u2019s Why Shiba Inu (SHIB) Price Prediction For 2023 According to PricePrediction.net, SHIB is expected to show an overall bullish trend in 2023. Based on their price forecasts, the meme coin could trade as high as $0.00001960, indicating a plausible 39.40% gain on the current market price. Coincodex also predicts SHIB to maintain its current positive price pattern. By 2024, Coincodex anticipates SHIB could be trading with a market price of $0.00002005 if the token\u2019s growth is similar to that of the projected internet evolution. That said, these Shiba Inu price predictions should not be used for investment advice, as the crypto market movement remains subject to numerous forces which could result in heavy losses. However, considering its current market performance and the upcoming launch of Shibarium, Shiba Inu remains one of the most promising tokens of 2023.\u00a0 Featured Image: Freepik, chart from Tradingview.com<\/p>\n","protected":false},"author":581,"featured_media":518670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[83668,83667,87680,87774,87773],"class_list":["post-518665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-shib","tag-shiba-inu","tag-shibarium","tag-shytoshi-kusama","tag-unification-foundation"],"acf":[],"yoast_head":"\nShiba Inu Gains 14% In Last 24 Hours As Shibarium Beta Launch Inches Closer Shiba Inu Gains by 14% as Shibarium Beta Launch Inches Closer<\/title>\n<meta name=\"description\" content=\"Shiba Inu, popularly known as 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. 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