Machine learning algorithm sets SHIB price for March 1, 2023

Meme cryptocurrency Shiba Inu (SHIB) is expressing a string of bullish sentiments after the token appeared to be impacted by the general market downturn triggered by increased regulatory uncertainty.

Timeline of Shiba-inu

The developer of the popular meme-coin Shiba Inu, Shytoshi Kusama, has started a blog series to explain the release of the Shibarium Layer-2 beta. The blog post from February 20 revived calls for Shibarium by spreading buzz via Twitter. The latest blog is part of a series of Medium entries in which he presents Shibarium.

The Shiba Inu community is eagerly anticipating the beta launch of Shibarium, the largest meme coin's most significant upgrade to date. Designed to support scalable Web3 protocols, Shibarium is set to enable seamless onboarding for Web3 users, including metaverse and NFT enthusiasts.

Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu (SHIB), recently wrote his learnings over the past year regarding the Shiba Inu ($SHIB) ecosystem, and in particular, Shibarium, a layer 2 blockchain designed at addressing the shortcomings of the $SHIB token's host chain Ethereum, namely low speed and high transaction cost.

The rise of meme coins has brought forth many other dog-themed altcoins. While Dogecoin is a small subset of the Bitcoin network, through the Litecoin hard fork, other meme coins have been developed on other top blockchains, including Solana.

Since the beginning of 2023, the entire cryptocurrency market has been performing well, with many digital assets seeing double and triple-digit gains. Shiba Predator (QOM), a spinoff of the popular meme coin Shiba Inu, has been performing impressively in the past 30 days.

Shiba Inu's lead developer, Shytoshi Kusama, published a new blog post today in which he revealed that the beta version of Shibarium will be released after the publication of another blog post about the development of the layer-2 network. Thus, Kusama still doesn't give a specific date, but he does provide further insight into the beta's schedule and pending obstacles.

Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), has unveiled his plans for a Layer-2 solution called Shibarium. In a recent blog post, Kusama discussed his journey toward developing the platform and the challenges he has faced along the way.

Shibu Inu (CRYPTO: SHIB), which has been consolidating since Thursday, has broken out of its recent trading range, thanks to a sharp rally on Sunday morning. What Happened: Shiba Inu, which closed Saturday's session at $0.00001319, moved out of the upper bound of a recent trading range of $0.00001306-$0.00001336 around 9:15 a.m.

Shiba Inu, the prominent meme token, has seen its burn rate stagnate on the network after the token's price reversed from its local high and returned to the price level we saw back in the beginning of February. One of the main reasons behind the drop in network activity and the stagnating burn rate is the lack of drivers for assets like Shiba Inu that are not tied to any trending areas of the crypto industry.

Shibarium News: Since the beginning of February 2023, people have been sitting with their popcorn ready. But recently, social media got filled with rumors that Shytoshi Kusama has confirmed that the Shibarium Public Beta Testnet will be released within a week.