The introduction of Shibarium was anticipated to occur before the end of the third quarter of 2022. However, the deadline has long since passed, and the layer-2 network is not yet complete. This is a very disappointing development.
However, a recent tweet from the developer of SHIB brought some encouraging news to those who favor the Shiba Inu. On his Twitter page, Kusama made the announcement over the weekend that an upcoming update would be available.
Kusama, on the other hand, did not offer any specifics regarding the upgrade. He did little more than inform the community that they were interested in the update.
In response to the tweet, one user pointed out that this might be the paperwork for the Shibarium as well as a gaming guide. "one project at a time," the SHIB developer responded in his reply.
Despite this, Kusama did concede that the community would be releasing Shibarium in the near future. However, nobody is absolutely certain about whether or not the future update will have anything to do with Shibarium.
There is a possibility that the documentation for Shiba Eternity is the new upgrade. On Kusama's Twitter page, the bio includes the line "ShibaEternity docs is also coming."
In addition, his Tweet cited a "game guide" and stated that the update was almost ready to be released. As a result, the most likely candidate for the change is the documentation for Shiba Eternity.
In the meantime, the community's attention is mostly focused on the introduction of the layer-2 network known as Shibarium. However, analysts in the business claim that once the upgrade is implemented, the price of SHIB would soar through the roof.
Additionally, advocates of the layer-2 network have the belief that it will reduce the prices of transactions while simultaneously increasing their throughput. Not only does the community anticipate the debut of Shiba Inu's layer-2 network, but they also anticipate other launches. The SHIB team is also working on a stablecoin that will be known as SHI as well as another reward token that will be known as TREAT.
The Shiba Inu Token Continues to Soar on the Wave of Social Sentiment
During this time, the price of a Shiba Inu token may be found somewhere around $0.00001200. However, it is still more than 86.1% below its all-time high price of $0.00008616, which was reached in October of last year.
After the launching of the Shiba Eternity Game, both the SHIB community and its developers anticipated an increase in the price of the memecoin. Sadly, that did not turn out to be the case.
This past October saw the launch of a new mobile-based fighting game known as the Shiba Eternity Game. The game, which was introduced on October 6th, can be played on cellphones running either iOS or Android.
In the meanwhile, the game is merely a component of a more extensive ecosystem that is currently being developed. Therefore, it is sad that the debut of the game was unable to assist in the token in embarking on a prolonged positive momentum.
To my surprise, the vast majority of cryptocurrencies have been trading in the green region recently. This upward trend was also reflected in the price of the SHIB token.
In addition, after the project was finished, the price of the Shiba Inu token skyrocketed. The purchase of Twitter made by Elon Musk. Not only did his takeover of the social platform affect the price of Dogecoin, but it also affected the price of Shiba Inu.
Furthermore, according to recent reports, more than 62 percent of dogecoin holders are currently making a profit. Given that Musk is such a fervent supporter of the meme coin, this should not come as much of a surprise.