The Shiba Inu community is eagerly anticipating the beta launch of Shibarium, the largest meme coin’s most significant upgrade to date. Designed to support scalable Web3 protocols, Shibarium is set to enable seamless onboarding for Web3 users, including metaverse and NFT enthusiasts.
Lead developer Shytoshi Kusama has hinted that the beta launch may occur before the end of this week, which has led analysts to forecast a spike in demand for Shiba Inu tokens in the coming quarters.
Ethereum’s whales have also dramatically increased smart contract interaction with the meme coin, ranking it fourth in the past 24 hours on most used smart contracts by the top 2000 Ethereum whales, according to data by whalestats.
To read the Shiba Inu community for the upcoming launch, the Shibarium telegram official account has been locked from further messaging by Shytoshi until all documents are released. With the increased network hype, the underlying SHIB value is expected to rise following the Shibarium beta launch.
Does Shib Have A Bright Future?
As the new year crypto rally has reduced the initial momentum, some analysts anticipate an imminent price correction. However, the Shiba Inu bulls are looking to Shibarium to initiate more utility on the network and provide upside potential.
Additionally, with regulators aiming to control the speculative nature of cryptocurrencies, utility is expected to play a more significant role in future bull markets.
Was this writing helpful?
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
The latest news in the world of cryptocurrencies is the imminent launch of Shibarium Beta. This highly anticipated event promises to bring forth a revolutionary new type of cryptocurrency, that could potentially be the game-changer that the industry has been waiting for.
Shibarium Beta is the brainchild of creator and innovator Xin Lu. His goal has been to create a new type of digital asset that is both secure and efficient. The idea is to combine the best aspects of blockchain technology with a revolutionary new system that ensures scalability, faster transaction speeds, and less expensive fees.
Shibarium Beta also offers cutting edge privacy and security features, which have been developed to meet the needs of institutional investors and other high-stakes traders. This includes multi-signature options, SegWit support, and a unique consensus mechanism which Lu refers to as “Proof of Blinds”.
In addition to its technical advantages, Shibarium Beta also provides investors with a platform for safe, regulated trading. This is due to the collaboration between Lu and Blockchain Global, a leading provider of blockchain solutions. Together, they have put in place a system which will allow users to trade securely and with confidence.
The launch of Shibarium Beta is certainly a major event for the cryptocurrency markets, especially given its strong backing from reputable investors and companies. The technology behind Shibarium Beta has the potential to improve existing blockchains, as well as provide new opportunities for traditional investors.
Furthermore, the launch of Shibarium Beta could bring more stability to the crypto markets, by providing an extra layer of security. Institutional investors have traditionally shied away from investing in cryptocurrencies due to fears of volatility and losses. With Shibarium Beta, these investors have an option which offers the same upside potential while eliminating the risks associated with other cryptocurrencies.
All in all, the launch of Shibarium Beta is a major milestone in the world of cryptocurrencies. The potential of this new digital asset remains to be seen, but one thing is certain: it is a sure sign that the cryptocurrency markets are continuing to evolve and develop.