Shiba Inu (SHIB) Rival Rallies Over 40% Prior to Announcement of Major Exchange Listing for Perpetual Contract

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.

Timeline of Shiba-inu

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.

With Shiba Inu's Layer 2 scalability network Shibarium nearing a full-scale launch, the project's lead developer Shytoshi Kusama has expressed confidence that the Shibarium could lead to a spike in burn figures.

Shiba Inu's highly-anticipated layer-2 network Shibarium will launch in beta mode next week, according to a key player in the memecoin's ecosystem. The official Twitter account for Bone ShibaSwap (BONE) just posted a viral tweet confirming the launch date. The most #important topics for everyone!1.

The shiba inu price has fallen by 2.5% in the last 24 hours hours, dropping to $0.00001331 as the wider market remains barely unchanged from yesterday. Its current level marks a 7% gain the past week and a 12% rise in the last 30 days, with SHIB benefitting from a combination of improved investor sentiment and expectation surrounding the launch of the Shibarium layer-two network.

Notable Cryptocurrency personalities reveal that the long awaited launch of Shibarium beta has been scheduled for next week.  Shiba Inu's lead developer Shytoshi Kusama seems to have confirmed the rumors in a recent tweet.

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.