Despite experiencing a difficult period, with a fall of over 88% from its all-time high, it seems that Shiba Inu (SHIB) may be turning a corner. In the past couple of days, the cryptocurrency has seen a 3.6% hike in its price, following the announcement of the much-anticipated release of Shibarium, the Layer-2 blockchain for the platform.
Shytoshi Kusama, the lead developer of Shiba Inu (SHIB), confirmed the news in a tweet, stating that Shibarium would be released shortly after the New Year. This news has had a positive impact on the price of Shiba Inu (SHIB), and investors are eagerly awaiting its launch.
In addition to the release of Shibarium, Shiba Inu (SHIB) also announced that BONE will remain the only token selected for gas fees and use on the new blockchain. This news has also contributed to the recent rise in the price of BONE, which has become one of the top gainers in the past few days.
Overall, it seems that the future is looking bright for Shiba Inu (SHIB) and its investors. The release of Shibarium and the confirmation of BONE as the exclusive token for the platform have generated a lot of excitement and optimism among the community. While it remains to be seen if this surge in price will continue, it is certainly a positive development for Shiba Inu (SHIB) and its supporters