Shiba Inu community awaits Shibarium beta launch

Shiba Inu community awaits Shibarium beta launch

The Shiba Inu community is anticipating the launch of the Layer-2 blockchain solution Shibarium, which has been delayed as developers work on the Shiba Inu ecosystem.

Some users expect the Shibarium beta launch to take place in early 2023, based on hints from the official Twitter handles of the Shiba Inu (SHIB) ecosystem.

Lead developer, Shytoshi Kusama, gave some hint that the launch is coming “very soon,” though it will not be until the new year. He also updated his profile with phrases, such as “We Are Not Alone” and “With a new fren…Guess Who.”

A tweet from BoneShibaSwap on December 29 provided another hint that the Shibarium blockchain tech launch is coming in early 2023, claiming that it is “very, very close.” The webpage, which leads directly to the ShibaSwap webpage, also suggests that preparations are being made for the launch.

BoneShibaSwap has also claimed on a tweet that BONE, the governance token for the ShibaSwap decentralized exchange and the gas token for the new Shibarium blockchain, could reach $50 or $100.

Traders are waiting for cryptocurrency exchanges to start listing the BONE token and for changes on Github to predict a better date for the Shibarium beta launch.

Meanwhile, the SHIB price has consolidated below $0.0000080 after falling in the last two weeks, while the BONE token is trading 2% higher. The meme cryptocurrency has suffered significant losses in recent months, falling almost 15% in value over the past month and losing more than 77% of its value over the year.

Despite these losses, data from the Ethereum whale tracker WhaleStats shows that the top 5000 ETH whales still hold around $46.8 million in SHIB, approximately 2% of their total holdings.

While this amount is lower than the $1 billion they held earlier in the year, the fact that SHIB is remaining on top suggests that many still see value in holding the coin.

As a result, this could be a positive trend for SHIB’s price in the future. The coin currently has a market capitalization of $4.3 billion and is ranked 15th on the list of top cryptocurrencies by market capitalization.