Huge Shiba Inu (SHIB) Update Coming: Details

TL;DR

Shibarium is ready for a new update that promises exclusive events, rewards and improved utility for future expansion. SHIB rose 9.5% daily as meme coins gain momentum, with other top performers including DOGE, WIF and PEPE. “Big Things on the Way”

Shiba Inu’s Layer 2 blockchain solution, Shibarium, saw the light of day last summer with the primary goal of fostering ecosystem development. Since then, it has completed multiple achievements and undergone numerous upgrades.

More recently, LUCIE (Shibarium’s Marketing Strategist) revealed that another breakthrough is on the way. It aims to bring new opportunities to users, such as exclusive events and rewards. The upgrade will also improve the utility of the L2 network and allow for future expansion.

“Shiboshis will play a role in future expansions in the Shib ecosystem, opening doors to unique interactions and potential benefits,” the announcement reads.

Previous updates introduced earlier this year include a new user interface (UI) update that enables compatibility with popular self-custodial wallets and a hard fork that empowers the developer and innovator community.

Last but not least, Shibarium adopted a designated “Burn Portal”. The main goal is to decrease the circulating supply of Shiba Inu (SHIB) by transferring a portion of tokens to a null address, making it scarcer (and possibly more valuable if demand remains stable or increases).

SHIB Price Outlook

The development of Shibarium is sometimes closely related to the price performance of the meme coin. SHIB experienced a 9.5% increase in the last 24 hours, while its market capitalization once again exceeded $11 billion.

SHIB Price, Source: CoinGecko

The revival aligns with the overall bullish environment in the sector, with Bitcoin (BTC) crossing $71,000 for the first time since June.

The meme currency niche also took center stage. Dogecoin (DOGE) is up 16% on the day, while Popcat (POPCAT) hit a new all-time high of $1.75. Other notable benefits include dogwifhat (WIF), Pepe (PEPE), Floki Inu (FLOKI), Brett (BRETT) and more.

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