Analyzing Shiba Inu's legitimacy after the launch of Layer 2 solution

As per an announcement on 16 January, Shiba Inu's SHIB would soon launch their own Layer 2 solution, called Shibarium. This move by Shiba Inu is significant for the project as it aims to delve into the layer 2 space and legitimize its cryptocurrency and protocol.

Timeline of Shiba-inu

The last two months have been a nightmare for the entire crypto space as the altcoin market experienced its bottom levels since its bull run in 2021. Meme coins like Shiba Inu and Dogecoin have become the headlines as they dropped by 50% of their bullish values.

The internet was taken by storm by the chatbot ChatGPT in December 2022. The technology is relatively new and available to the general public and has convinced many users it is more than just a fad.

The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin's supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan.

Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday.

Key Points: The forthcoming Ethereum-based blockchain will be powered by ecosystem coins shiba inu, leash, and bone. Shibarium, an upcoming layer 2 network, will soon join the ever-growing battle of Ethereum-based blockchains such as Arbitum and Optimism, all of which are attempting to overcome the concerns of scalability, speed, and cost.

The creators of the Shiba Inu token have announced the imminent launch of their Shibarium layer-2 solution. The post Shiba Inu (SHIB) Aims to Become Top Dog With Impending Layer-2 Launch appeared first on BeInCrypto.

Shiba Inu (CRYPTO: SHIB) soared by as much as 6%, outperforming other leading meme cryptocurrencies such as Dogecoin (CRYPTO: DOGE) and Dogelon Mars (CRYPTO: ELON) on Monday. What Happened: Shiba Inu's lead developer Shytoshi Kusama made a post on Shibarium.

Shiba Inu has been making headlines over the past few days since the announcement of the Bugatti Group partnership which seemingly set the price of SHIB on a strong upward trajectory.

Shiba Inu, the popular meme currency right now, has been making news for a few weeks now. Shiba Inu is witnessing some massive price hike, especially on January 14, 2023 when the currency managed to eliminate a zero from its value in just one night.

The shibarium Beta launch is in its final touches according to the SHIB community. However the community has not yet again revealed the exact dates as they claim to focused on the quality more.