By far the most important event, which was supposed to be the launch of Shibarium, or more precisely its beta version, should take place in the next few dozen hours. Will it happen? Will Shiba Inu face a price rally because of it?
Expectations for the Shibarium update
The Shiba Inu community seems to be feeling the high tension associated with the Shibarium update. The Twitter profiles of leading SHIB developers, as well as the Unification Fund company, are constantly refreshed for new information. Not surprisingly, as the release of SHIB’s second layer solution documentation, as announced, is scheduled for the third quarter of this year. This one is passing soon. Fortunately, Shibarium’s developers stipulated that it might as well happen “sometime soon thereafter.”
Shortly after the publication of the documentation, a test network release was to take place. Meanwhile, time passes and no new information appears. Could it be that the “sometime soon thereafter” clause is applicable here? Is this purely a ploy on the part of Shiba Inu’s team to maintain uncertainty?
Shibarium documentation and test version of the solution
The release of the second layer solution documentation for the Shiba Inu coin is essential for users and future developers. It will help familiarize them with the basic features of the network, so as to open the way for developers to start work.
Thus, developers will get the green light to create, build and launch products, based on Shibarium. Their work can improve the usability of the network, as well as attract more interested parties. Developers will monitor the condition of Shibarium and report any bugs to the Shiba Inu team. We wrote more about this topic in an article titled: “What awaits Shiba Inu before the launch of Shibarium?”. – take a look if you are interested in this thread.
Because of Shibarium, is Shiba Inu facing the prospect of another gigantic growth?
There is no doubt that the Shiba Inu network will benefit from the Shibarium update. But will SHIB currency supporters investing in SHIB benefit from it? There are many indications that they will. Mainly because the second-tier solution will significantly reduce the value of gas fees. Thus, more funds will be able to be transferred to the purchase of coins. In addition, Shibarium may have a built-in solution that burns part of the SHIB. Such aspects, in the long run, have the right to positively improve the investment experience. Meanwhile, at the time of this writing, SHIB remains in consolidation, keeping the price around $0.000011.