Biggest Movers: SHIB, LTC Marginally Higher During Volatile Start to the Week

Shiba inu started the week trading marginally higher, despite cryptocurrencies mostly consolidating on Feb. 27. At the time of writing, the global market cap is currently up 0.83%, as volatility has intensified. Litecoin also rebounded on Monday, hitting a four-day high.

Timeline of Litecoin, Shiba-inu

Dogecoin (DOGE) rival Shiba Inu (SHIB) is experiencing a wave of fundamental strength as its community braces for the release of Shibarium, the highly anticipated layer-2 specially designed for the ecosystem.

As Shiba Inu (SHIB) continues to capture attention, gaining more than 55% since the year's turn, cryptocurrency traders and investors are closely monitoring both current and future developments surrounding the ERC-20 dog meme token, trying to get a feeling of what could influence its further growth.

Shiba Inu could face a major sell-off in both the short and medium term, which could hit the price hard. There are two “SHIB whales” that could pose a threat to the cryptocurrency's current uptrend.

The team building Shiba Inu's highly anticipated layer-2 blockchain Shibarium has released a portal dedicated to boosting adoption of the new network. The ‘Join Shibarium' portal is designed to be a hub for developers, content creators, business owners and job seekers looking to contribute to the Shiba Inu ecosystem.

A Shiba Inu (SHIB) competitor has rallied under the radar leading to the announcement of a major crypto exchange enabling perpetual contracts for the dog-theme crypto asset. On Friday, Dubai-based crypto exchange Bybit revealed that it added support for Floki Inu (FLOKI) perpetual contracts with up to 12.5x leverage.

Shiba Inu Coin News: The release of the Shibarium beta has been the talk of the town since 2022. Some major SHIB community members are wondering whether it will take place this week, or in the next few months.

The world's second most popular meme coin, Shiba Inu is slowly approaching solid support around $0.00001210. Bulls are ready for another comeback, this time backed by the launch of Shibarium's beta launch. Shiba Inu price is in the red because of a bearish wave that has been traversing the crypto market since the previous weekend.

The hype over Shiba Inu's layer-2 blockchain Shibarium has obscured another big development in the works for the Dogecoin competitor – the coming launch of two new ecosystem tokens. Lead developer Shytoshi Kusama says one incoming addition to Shiba Inu's ecosystem is a rewards-based token called Treat (TREAT).

The influence of Shiba Inu is growing every day. As a part of its recognition as one of the most versatile digital currencies, Binance.US decided to launch full support for the native crypto asset SHIB.

Shiba Inu's (SHIB) price rose by 3% amid the expectation that the beta launch of Shiba Inu's layer-two network, Shibarium, could happen by the end of the week. This has helped cap a 10% rise for SHIB in the last 30 days.