The trust of the Shiba Inu community in the ecosystem and lead developers is increasing as they await the launch of Shibarium Beta. Telegram messages from developer Shytoshi Kusama and the Unification blockchain team point to an increase in development activity as the anticipated launch of Shiba Inu’s Layer-2 blockchain solution Shibarium approaches.
Development activity ramps up as Shibarium Beta launch approaches
Ringoshi Toitsu, operator of FUND validator on the Unification blockchain, in a tweet on Jan. 24, Unification revealed official Telegram posts from Shiba Inu’s lead developer Shytoshi Kusama.
According to the Telegram posts, Shytoshi Kusama points to Shibarium and Unification as the key to the future of the Shiba Inu ecosystem. Shytoshi Kusama recently met with the Unification team to tune, onboard and finalize Shibarium.
“It is no coincidence that RYOSHI has partnered with #Unification & SHYTOSHI continued his wishes. Data is the NEW OIL, & UNIFICATION manages both the extraction and refining services of #SHIBARIUM data.”
Furthermore, Shiba Inu Telegram group admin Xanders Shib reported an increase in development activity as developers work to finalize the Shibarium Beta launch.
ShibArmy anticipates the launch of Shibarium Beta on February 14, Valentine’s Day. Shytoshi Kusama changed his Twitter bio-dropping hints at the launch of Shibarium Beta on Valentine’s Day. Meanwhile, Shiba Inu and BONE tokens are attracting whale accumulation, SHIB burning rate has increased, and social sentiment has reached an all-time high.
According to on-chain data platform IntoTheBlock, Shiba Inu is optimistic amid the rise in social sentiment. In addition, 80% of the circulating supply is held by whales.
SHIB and BONE are waiting for huge momentum
Shiba Inu (SHIB) price is currently trading at $0.00001211, up 1% in the last 24 hours. The 24-hour low and high are $0.00001192 and $0.00001219, respectively. However, trading volume has fallen ahead of the Fed’s rate hike on February 1.
Meanwhile, Shibarium’s gas token BONE is trading at $1.40. The BONE has been trading sideways for the past 24 hours. The community is confident in the tremendous upward momentum in SHIB and BONE prices near the Shibarium Beta launch.
Also read: Reasons why the Bitcoin (BTC) price hike is likely to be over
Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for quite some time and is currently covering all the latest updates and developments in the crypto industry.
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