Shiba Inu (SHIB) Rides On Bullish Waves As Shibarium Launch Nears, Buy Now?

This cryptocurrency, Shiba Inu dog-inspired logo, has garnered significant attention in the crypto community. As the highly anticipated Shibarium launch draws near, Shiba Inu (SHIB) is riding on bullish momentum.

Timeline of Shiba-inu

For several months, the anticipation surrounding the launch of Shiba Inu's Shibarium has kept the cryptocurrency community on its toes. While the launch date remains uncertain, a recent announcement from the leading developer has rekindled hope for an impending release.

With the much-anticipated launch of Shibarium, Shiba Inu's Ethereum-based layer-2 protocol, the core development team behind the project are now all out to answer queries from members of the community. Shibarium and NFTs: Advocated Caution The protocol is billed to function like every other Layer-2 scaling outfit around today.

In the past 60 days, the SHIB prices have established a robust support trendline, contributing to a 53.96% surge. The price pattern maintains its upward momentum, with a retest of the $0.0000090 breakout on the horizon. The imminent launch of Shibarium has heightened speculation.

Shiba Inu's dead-end address amassed a staggering value of $4.1 billion. This impressive feat not only marks its might in the crypto arena but also establishes it firmly as the most considerable asset of its kind on the market.

According to data shared by Arkham Intelligence, over the last 60 minutes, cryptocurrency whales have shoveled tens of billions of Shiba Inu meme tokens, moving them to and from various crypto trading venues.

It is just about a week to the historic launch of Shiba Inu's Ethereum Layer 2 scaling solution on the mainnet, and a number of associated tokens are already pricing in this massive bullish sentiment. Bad Idea AI (BAD) is one of these tokens, and it has printed a high of 27% over the past 24 hours to $0.0000001033.

Shiba Inu price is back in the green amid growing anticipation around the launch of the network's layer 2 protocol, Shibarium. The second-largest meme coin is up 2.5% to slightly above $0.00001 bolstered by investors booking their positions ahead of its most awaited upgrade.

The 5th annual Futurist Conference, Canada's premier blockchain and cryptocurrency event, is poised to gather a star-studded list of speakers on Aug. 15-16. Amidst the expected sea of startup founders, investors, and financial magnates, a new name has emerged in the lineup: William Volk, a renowned game developer with a storied career in the tech industry.

In a remarkable turn of events, Shiba Inu (SHIB), the cryptocurrency born out of internet meme culture, has orchestrated an astonishing ascent, boasting an impressive 20% surge within the past week.

The week is gradually coming to an end, and most altcoins are exploring ways to wriggle out of their protracted losses over the trailing seven-day period. Shiba Inu (SHIB) is one of these ambitious altcoins, having gained a small 2.73% to push its price to $0.000009984 at the time of writing.