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- While the world is facing this crypto market downfall, Shiba Inu comes up with a plan of introducing the highly awaited Shibarium.
- Shibarium is predicted to be faster and more scalable than the parent chain right now.
- Shiba Inu Is Trading at a price of $0.000008268 as of now.
Cryptocurrency Market Right Now
The current bear market was a bloodbath for all the crypto investors, specifically the active investors. This downfall started in April 2022 and is being continued, as of this writing.
Even though the prices are still at the year low right now, the investors are being filled with hope and trust in the technology behind cryptocurrencies, decentralization as well as the blockchain as the markets started recovering again.
The global economy and crypto economy are linked very closely. This is one of the major reasons behind the downfall of cryptocurrency market capitalization. Also, due to the falling prices of cryptocurrencies, the trust in people regarding the future got affected. This resulted in mass disfollowing in the crypto investors as they transferred their crypto assets to more conventional forms of investing such as SIPs, or direct stocks.
Shiba Inu’s Plan Of Shibarium
Shiba Inu is one of the few currencies shining in this recovering crisis. As the Ethereum market cap fell during the bear market, the investors happily shifted towards Shiba Inu which is a seemingly promising tech for the future.
Even after acquiring the mass popularity from investors, many still doubt whether it is wise to invest in a currency that started as a meme coin.
Despite all of the debates, the Shiba Inu developers proved their dedication by fulfilling market expectations. This may fuel their further growth.
The upheaval for Shiba Inu is also due to the statement made by the lead developer of the currency Shytoshi Kusama that Shibarium, the most awaited coin is going to be launched very soon.
The inception of Shibarium will make the world of payments and investing quicker and easier. The newer invention aims to make its parent chain. i.e., Ethereum, faster and more scalable.
It is done by making the level 2 layer on the blockchain. This protocol will make us enter the world of NFT and gaming.
The above mentioned points give the investors hope for a promising future for Shiba Inu along with other cryptocurrencies in the market.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
