Shibarium Coin

When Shibarium coin will launch? How it will impact Shiba Inu Coin?

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Were you waiting for Shibarium Coin to launch in the market?

All right everyone so Shibarium Coin is about to launch very soon and I’m here to talk about it so let’s get started.

After two years of anticipation the highly awaited Shibarium Coin is set to launch this month Shitoshi kusama the lead developer of Shibarium has announced that the highly anticipated layer 2 blockchain solution will be going live very soon.

Kusama shared a recent blog post revealing that the Mainnet launch of Shibarium is scheduled to take place at the blockchain futurist conference in Toronto Canada the conference is scheduled for August the 13th to 17th this year.

As a layer 2 blockchain Network built on top of Ethereum Shibarium aims to revolutionize the Shiba Inu ecosystem by addressing the challenges of low transaction speed and high fees associated with the Ethereum network.

What Is Shibarium Coin?

Well Shibarium is designed with several key features to enhance the Shiba Inu ecosystem first high transaction speed also leading to lower fees increased token utility and seamless dap development leveraging the benefits of the layer 2 Network oh and also metaverse and blockchain games.

What Is Difference Between Shibarium And Shiba Inu?

Well Shibarium is a layer to blockchain network being built on top of the Ethereum blockchain which will be linked to the Shiba Inu coin.

Shibarium is being developed to serve as a scaling solution for Shiba Inu and to enable faster and cheaper transactions.

In contrast Shiba Inu is the cryptocurrency token that will be used as gas for transactions on the network much like however is used as gas for each Ethereum based transaction foreign is expected to transform Shiba Inu from a meme coin into a comprehensive ecosystem that includes a decentralized exchange decks a metaverse blockchain games such as Shiba eternity and also it’s designed to increase transaction speed and lower costs.

In the Shiba Inu ecosystem the low scalability of the Ethereum network and costly gas fees have prevented the Shiboshi NFT project the ship of metaverse the decks features and Shiba Inu games from reaching their full potential.

This is why Shibarium looks to address these high costs by offloading some of the transaction data to a dedicated layer to infrastructure while retaining a direct connection to the Ethereum network.

Shibarium transactions are expected to burn Shiba the token which could put significant deflationary pressure on the Shiba Inu coin and it will help increase its value which as of right now has been on a steady decline for over a year this of course is in unison with the ongoing bear cycle.

But despite quite massive accumulation from Ethereum Wells the token keeps losing value as of today Shiba is down 90% from its all-time high compared to Ethereum only 61% BNB 64% Litecoin 71% and it’s also lost its top 10 ranking here according to market capitalization.

Will Shibarium Save Shiba INU From It’s Downfall?

Well it’s possible Shibarium is expected to bring significant improvements to the Shib Inu ecosystem and possibly transform it from a meme coin to a comprehensive ecosystem with a decks a metaverse and blockchain games expanding the range of use cases for the Shiba token.

This will not happen overnight but throughout the course of the coming year or two we can expect some significant growth this will also coincide with the coming Blue Cycle so if you’re worried about Shiva don’t I’m sure we will see it pumped several times throughout the next Bull cycle.

Is Shibarium going to have a similar performance to what it did when it was first launched?

Probably no what I mean is Shiba recorded some really stunning gains in its first year 46 million percent gain in 2021 that seems unbeatable records.

If you ask me but it could do some decent returns in 2024 and possibly 2025 too so if you’re coding Shiba or if you are adding it to your portfolio now you might be lucky and get a few thousand percent gains at this point.

Most of the outs are in the lowest level so quite frankly you are bound to see gains regardless the task at hand is to pick good projects that have the potential for the biggest returns.

And one thing that I should point out here is that many tokens make the biggest splash in their early days especially those that are launched during bull cycles those seem to catch the hype so well they often print record high Roi but hardly ever surpass that later in their lifespan.

Dodge is probably the one exception here as it did have unusually strong performance in The Last Bow Cycle but that was thanks to Elon Musk and his obsession with the meme coin.

This was great for the token holders at the time but we are yet to see if Dodge can repeat that performance in the next boost cycle many other altcoins have failed.

Watch this video for Shibarium Coin Latest Updates.

Impact on Shiba INU Token price By the launch of Shibarium

The launch of Shibarium is expected to have a significant impact on the token price of Shiba Inu key factors include increased utility and demand for Shiba improved to economics through shipper burning positive Market sentiment and speculative investment of course.

So with this in mind Shibarium is going to be a game changer for the Shiba Inu ecosystem by addressing the issues of low transaction speed and high fees associated with Ethereum.

Shibarium offers a comprehensive solution for Shiba Inu users and developers alike the launch of Shibarium is expected to elevate the Shiba Ino ecosystem to new highs bringing about faster cheaper and more versatile operations potentially leading to a positive impact on the token price.

Does that mean you should rush into buying frenzy of Shiba now?

I wouldn’t on the one hand having some shipper might be a good idea at least for a quick swing trade which is what I’m doing but at the same time there are quite a few variables that could go against you should this release not go according to plan.

Also there is a possibility that the hype surrounding this project might not live up to expectations so I’m definitely not going heavy into Shiba at this point of course as a Trader.

Conclusion

Hope your all questions are cleared regarding Shibarium Coin. If you have any other question regarding it please feel free to comment it down i will definately answer that.

I will be updating it in future, And if you liked the post please rate it give it a Five Star.

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What Is Shibarium?

Shibarium is a layer-2 solution for the Shiba Inu (SHIB) ecosystem. It is designed to address the scalability and gas fees issues of the Ethereum blockchain. Shibarium will use a proof-of-stake consensus mechanism and will be compatible with the Ethereum Virtual Machine (EVM).

What are the benifits of Shibarium?

* Increased scalability: Shibarium will be able to process more transactions per second than the Ethereum blockchain, which will reduce gas fees and make it more affordable to use SHIB.
* Improved security: Shibarium will use a proof-of-stake consensus mechanism, which is considered to be more secure than the proof-of-work consensus mechanism used by Ethereum.
* Enhanced decentralization: Shibarium will be more decentralized than the Ethereum blockchain, as it will not require miners to verify transactions.

When Shibarium will be released?

It will be released in the month of August 2023.

What will happen after Shibarium is released?

It is expected that Shibarium will have a positive impact on the price of SHIB. This is because Shibarium will make it more affordable and convenient to use SHIB, which could lead to increased demand for the token. Additionally, Shibarium could help to attract new users to the SHIB ecosystem.

What is the gas fee for Shibarium?

The gas fee for Shibarium is expected to be significantly lower than the gas fee for Ethereum. This is because Shibarium will use a different consensus mechanism and will be more scalable.

What token will be used in Shibarium?

The main token that will be used on Shibarium is SHIB. However, other tokens in the Shiba Inu ecosystem, such as BONE and LEASH, may also be used

How can i get started will Shibarium?

You can learn more about Shibarium and how to get started with it on the official Shibarium website.

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