Shibarmy is expressing a high level of enthusiasm for Shibarium, Shiba Inu's second-layer (L2) scaling solution. Lead developer Shytoshi Kusama has given indications that the official launch of Shibarium is imminent, marking the cultivation of months of dedicated development work. This significant progress has driven the value of Shiba Inu to surge rapidly, recently surpassing other memecoins in terms of growth.
According to data from a cryptocurrency price oracle, Shiba Inu's value has surged by approximately 23% in the past two weeks, stabilizing at approximately $0.00001028 as of Tuesday. Furthermore, ancillary tokens associated with Shiba Inu h ave also witnessed notable growth during this period, with Doge Killer (LEASH) experiencing a surge of around 38%.
A noteworthy aspect is that for Shiba Inu's price to increase by just 73%, it would reach approximately $0.00001773. Achieving this milestone would position Shiba Inu to potentially surpass Dogecoin as the leading memecoin in the market. A significant portion of this market volatility is linked to the impending launch of Shibarium. Renowned cryptocurrency exchange KuCoin has hinted at an official launch date of Shibarium on August 15, 2023. This revelation follows an extended period of public beta testing that generated a heightened sense of optimism within the Shiba Inu community. Notably , the launch coincides with a live event, during which Yatoshi Kusama is anticipated to make a virtual appearance.
The event, titled "Dear Humans: An Insider's Perspective," is scheduled to take place in Toronto at 14:10 ET. All members of the Shibarmy community have been invited to participate either in person or virtually. The convergence of these significant events has heightened excitement and anticipation surrounding the future prospects of Shiba Inu.
