- Key network validator gives update on launch date for Shibarium public beta testnet launch.
- Shib to benefit greatly from the launch as adoption is bound to rise and possibly send prices to $0.10.
Shiba Inu is set to take over the crypto market with the launch of its new Layer-2 scaling solution Shibarium. The launch of Shibarium has been teased for the most part of 2022. Developers are now updating the Shib community on the next move to keep an eye out for.
In a recent tweet from Ringoshi Toitsu, the operator of FUND REUMining and Validator on the Unification maincahin, revealed that Unification and Shib are coming together to “unify data together.”
Toitsu also gave more insight on when to expect the launch in response to a twitter user who insisted on getting an exact date for public beta testnet launch.
“Unification and SHIB team are working non stop to have Shibarium released. There is no exact date provided & would be against my ethics to provide a solid date with no substantial evidence. Best we can do is speculate SOON given the recent github updates.” He explained.
However, a Shib influencer known as Shib BPP, has revealed that the beta testing is going to come right after the documentation process, which is next on developers list.
He also pointed out the addition of a “Shibarium announcement” section to the official Shiba token community on Discord.
$SHIB discord has added a new section #SHIBARMY pic.twitter.com/ySfjkXvj7E
— $SHIB BPP (@ShibBPP) January 4, 2023
Meanwhile, developers have taken time out to clear up rumors surrounding the upgrade. Via the official Shibarium network twitter handle, developers confirmed that Bone is the only token selected by developers for usage and gas fees. “No other tokens will be necessary to operate within the protocol.” They added.
Shibarium Update 🧵
As we approach the launch of the upcoming Shibarium Beta Network, we first would like to start by thanking the Shiba community for bringing such energy and excitement surrounding the upcoming phased introduction.
1/6 🧵
— Shibarium Network (@ShibariumNet) January 4, 2023
Developers have also debunked claims that suggests that Shibarium is being developed for other tokens.
“Furthermore, and to make it strictly clear: Shibarium has been developed for @Shibtoken and not for the sake of other projects who claim ownership or speculation surrounding its operability dependency on any other tokens.” They explained in another tweet.
Developers reminded community members that the layer-2 scaling solution only belongs to the Shib community and its “solid foundation.” Shibarium will always encompass support Shiba sinus and its growth, they added.
Can Shib attain a price level of $0.10?
Shiba Inu has seen a commendable spike in its price since its launch in August of 2020. Since then, the meme coin has been mentioned side by side with the likes of Dogecoin, one of the longest-standing memecoin in the market.
Shib’s highest price to date is $0.000086. Shib attained this price on the 28th of October and has since dropped to $0.000084.
Shibarium’s launch is expected to take to bring scalability to the network, and this could in turn help Shib to gain more momentum in the market.
Some analysts have also predicted that Shiba Inu has the capacity to rise to $0.10 this year. But in the short term, some are predicting a 30% spike in price before the end of January.
