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Shytoshi Kusama is like the father of meme crypto Shiba Inu and his hints on the launch of Shiba Inu layer-2 blockchain have developed curiosity among the Shiba Holders and others.
Shiba Inu’s lead and pseudonymous Shytoshi Kusama informed his 865k followers and other social media users that Shibarium will arrive “very soon.”
“Happy Holidays to more than half the world. When Shibarium? Please know it will come very soon*, but not during a crucial time for people to spend with their family (or the resulting New Year’s party time). Enjoy these next days. Next year is an important one for humanity.”
As per sources Shibarium a yet to be launched blockchain scaling solution that intended to address the low transaction speed of Shiba Inu’s host chain Ethereum(ETH). Few mind blowing changes that are expected to be seen in Shibarium are burning of SHIB tokens which could help to boost the value of Shiba.
Shibarium is set to use BONE, a governance token developed by Shiba Inu for gas fee.According to CoinMarketCap BONE allow the #ShibArmy to vote on upcoming proposals. The more BONE the user holds, the more weight of their vote carries in these future endeavours.
Dogecoin is a tough competitor of Shiba Inu and as per market data market capitalization of Dogecoin is more than Shiba Inu.
Shiba Inu blog post of December 23 2022 notes
“SHIB: The Metaverse is set to become the culmination of Shiba Inu’s history as a community, virtually displayed, in a layer of beautiful visuals that showcase innovation and unity with a place for the ShibArmy crypto community to truly call home.
Through our partnership with some of the top brands in the industry, we are able to push the boundaries of immersive environments and provide direction in regards to how SHIB should be represented by listening to our community and broadcasting feedback directly to the studio experts.”
According to data from CoinMarketCap while writing this article SHIB is trading at $0.000008298 with 24-hour trading volume of 56 million U.S dollars.
No doubt, the meme token has a huge ecosystem with a wide range of services and products in the web3 network. Its appearance in the GameFi segment strengthened the hope that Shiba Inu is the future of gaming, as per nowpayments blog.
Shiba Inu Burn Rate
As per data from Shibburn(dot)com in the last 24 hours more than 13 million SHIB token burned and total burned Shib tokens till date is around 410 trillion token burned from initial supply.
The burn rate of Shiba Inu has decreased by around 71.71% in the last 24 hours.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
