A fast-developing meme coin ecosystem based on the Ethereum network, Shiba Inu (SHIB), is expecting the launch of the Shibarium layer 2 (L2) scaling solution in the next few days. According to the latest announcement from Shiba Inu’s official Twitter account, the Shibarium Public Beta will launch in the next few days, before the end of this week.
Key Notes on Shibarium Public Beta Launch
The announcement was warmly welcomed by the Shibarmy, whereby the tweet has attracted over 9.5k likes and about 3.5k retweets as of reporting time.
With several decentralized applications (Dapps) on the waitlist of the Shibarium layer 2 scaling network, Shibarmy anticipates the overall effect will be bull on the Shib meme coin. Moreover, the launch of the Shibarium layer 2 scaling solution will significantly expedite the token burn process. Additionally, the Shiba Inu ecosystem will diversify from relying on mere speculation to real-world utility.
As such, the second-largest meme coin by market capitalization can compete ruthlessly with other top digital assets in the market.
Late last month, Shiba Inu’s lead developer Shytoshi Kusama, announced Shibarium’s new website and intake system. However, Kusama cautioned the Shibarmy that all tokens on the Shibarium Public Beta are for testing purposes and that investors should avoid getting scammed.
Shiba Inu Price Action Amid Shibarium Launch
The Shiba Inu ecosystem, including SHIB and BONE, has obtained bullish sentiments YTD. However, the past four weeks have been choppy for most digital assets, including Bitcoin and Ethereum. According to our latest crypto price oracles, SHIB price has added approximately 33 percent YDT but has declined about 24 percent in the past four weeks to trade around $0.00001082 on Wednesday.
