One of the leading influencers of Shiba Inu, shared a very interesting piece of information on Twitter. According to him, the SHIB team is working on a new, and very important extension of their project. It is to be a bridge to transfer assets from the Ethereum network to Shibarium.
Shiba Inu with another big plan
On Wednesday, January 25, SHIB Knight took to Twitter to inform his community about the changes he believes are ahead for Shiba Inu. The undertaking facing the developers of the dog coin is to create a crypto bridge connecting Ethereum to SHIB’s second layer, which is to be Shibarium.
According to SHIB Knight, this solution is being developed in cooperation with developers Kai Ken Inu. It is they who are expected to contribute the most to the bridge. As the influencer reports:
“[Kai Ken Inu] is building the Shibarium bridge, which will allow holders to transfer assets from [Ethereum] to Shibarium when it is launched.”
This wisdom is very good news for users of the Ethereum and Shiba Inu spaces. As we know, operations based on the former are relatively expensive. The solution of the second SHIB layer, called Shibarium, largely reduces this problem. The previously high cost of using the Shiba Inu network will therefore become a tune of the past. The launch of the bridge, in turn, will certainly broaden the prospect of further development of the dog coin area.
KAIK grows 1000x
The effect of this news was a dynamic increase in the value of Kai Ken Inu (KAIK). In just 24 hours, the coin’s capitalization rose from $2 million, to $10 million. In total, SHIB Knight reports, the coin has already recorded a rally of 1000x since its inception. This information was also confirmed by the KAIK team. In doing so, he expressed his thanks to the cryptocurrency community, especially taking into account the SHIB Army, for jointly achieving such high growth. On this occasion, the developers of Kai Ken Inu assured that they intend to “shake the cryptocurrency space to its core.” Such words may herald further revolutions.
Information without impact on SHIB valuation
While the latest news regarding the bridge between Ethereum and Shibarium caused a real rally for the KAIK coin, SHIB is definitely not experiencing any changes. It seems that there is currently a process of profit realization around Shiba Inu, triggered by earlier increases. At the time of this writing, the token is valued at around $0.0000112, down 13.5% from its local, and this year’s, peak.
