{"id":16531,"date":"2023-01-16T21:12:23","date_gmt":"2023-01-16T21:12:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/shib-token-sees-rise-ahead-of-shibarium-beta-launch-bitcoin-news\/"},"modified":"2023-01-16T21:12:23","modified_gmt":"2023-01-16T21:12:23","slug":"shib-token-sees-rise-ahead-of-shibarium-beta-launch-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/shib-token-sees-rise-ahead-of-shibarium-beta-launch-bitcoin-news\/","title":{"rendered":"SHIB Token Sees Rise Ahead of Shibarium Beta Launch \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin\u2019s supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan. 15, 2023, that the L2 platform, \u201cShibarium beta,\u201d is about to be launched on top of the Ethereum blockchain to provide better scalability, faster transaction times, and lower fees.<\/strong><\/p>\n

SHIB Token Market Reacts Positively to Upcoming Shibarium Launch<\/h2>\n

The shiba inu (SHIB)<\/a> meme token community, also known as the \u201cSHIB Army,\u201d has been growing excited about the launch of Shibarium, a new layer two scaling solution crafted for the SHIB crypto ecosystem. Hints about Shibarium\u2019s launch started<\/a> last year as it was originally supposed to launch in the third quarter of 2022. In mid-Dec. 2022, SHIB community members hinted<\/a> that the project\u2019s launch was getting closer by the day. On Jan. 15, 2023, the SHIB team published a blog post<\/a> called \u201cIntroduction to Shibarium: Shiba Inu\u2019s Layer 2 Network.\u201d<\/p>\n

The blog post insists \u201cShibarium beta is about to be launched\u201d and describes what people can expect from the launch. The team stresses Shibarium will be a phased release. The project\u2019s native token, called BONE, will be leveraged to \u201cpay for gas transactions and reward validators and delegators within the Shibarium protocol.\u201d The team also mentions that while there is a supply of 250 million BONE, \u201c20 million have been reserved to reward validators and delegators in the coming years.\u201d<\/p>\n

The ERC20 meme token shiba inu (SHIB)<\/a> has been rising on the Shibarium news during the last week as SHIB<\/a> jumped 19.3% higher against the U.S. dollar. In the last 24 hours, BONE is up 11.1% higher and BONE has gained 16.1% this past week. Despite the Shibarium beta launch, a number of other meme tokens have seen bigger rises like floki (FLOKI), which jumped 26.4% this week.<\/p>\n

The meme token let\u2019s go brandon (LETSGO) is up 71.6% during the last seven days, and shibavax (SHIBX) has increased by 55.9%. Metadoge (METADOGE) is up 41.5% this week and hoge finance (HOGE) has risen 30.5%. The godfather of meme coins, dogecoin (DOGE), has seen a moderate increase this week, jumping 13.6% against the U.S. dollar. The meme coin economy<\/a>, in general, is down as a whole, as it has lost 3.5% in value during the past 24 hours.<\/p>\n

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Army<\/a>, Blockchain<\/a>, Blog<\/a>, BONE<\/a>, community<\/a>, delegators<\/a>, dogecoin<\/a>, Ethereum<\/a>, FEE<\/a>, floki<\/a>, Gas<\/a>, hints<\/a>, hoge finance<\/a>, launch<\/a>, Let’s go Brandon<\/a>, meme<\/a>, Metadoge<\/a>, other<\/a>, post<\/a>, reserves<\/a>, reward<\/a>, Scalability<\/a>, Scaling<\/a>, shib<\/a>, SHIB developers<\/a>, SHIB team<\/a>, shiba inu<\/a>, Shibarium<\/a>, Shibarium beta<\/a>, Shibavax<\/a>, solution<\/a>, Supply<\/a>, Time<\/a>, Token<\/a>, Tokens<\/a>, Transaction<\/a>, Validators<\/a><\/div>\n<\/div>\n

What do you think about the potential impact of Shibarium on the future of the SHIB token economy? Share your thoughts and predictions in the comments below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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