The testnet version of the Shibarium layer-2 blockchain is near to launch.
Shiba Inu is a meme coin, which came into popularity because of the shoutout of Elon Musk. Right now Shiba Inu token is under the use cases as a payment option at multiple outlets and also virtual reality-based Metaverse project, Shiberse, is also working as a medium to bring the use of the Shiba Inu token as a utility token.
The community of Shiba Inu is highly eager with the news of the Shibarium layer-2 blockchain testnet launch plan. Shibarium testnet will be launched by developers in June with the strongest indicator being the $XFUND Mainnet upgrade expected in May.
The lead developer of the Shiba Inu project team, Shytoshi Kusama, revealed huge numbers of hints about the development works regarding the Shibarium blockchain. With the latest hint, Shytoshi confirmed the Shibarium blockchain development is now in its second phase.
According to the Shiba Inu proponents, the transaction’s completion period will be just a penny of seconds. So it is expected that the Shibarium layer-2 blockchain network will create a big competition in the crypto industry against the leading crypto networks.
However Shiba in oken will not be native token of the Shibarium blockchain Network but still, the Shiba inu token will be officially supported and Shiba Inu token users will be able to transfer Shiba tokens at a very low cost with very high speed.
Price action
The current price of the Shiba Inu token is $0.00001064 and this price is 4.6% down from the last 24 hours’ trade price.
It seems that the project team behind the Shiba Inu token is not 100% sure about the Shiba Inu support from the retail investors. At present, the team is working on multiple crypto assets like $LEASE token, $BONE token, $Shytoshi vision, etc. These things are surely creating fear in the mind of Shiba Inu investors.
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