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Shiba Inu Launches Dedicated Twitter Profile for Shibarium Updates

The SHIB team introduces a new Twitter handle for Shibarium, sparking excitement and debate among the community about the upcoming Layer-2 upgrade.
Published on 2022-11-07

Shibarium Twitter Profile Launched

The official Shiba Inu (SHIB) developer team has launched a new Twitter profile, @ShibariumNet, dedicated to providing updates on the highly anticipated Shibarium Layer-2 upgrade. This profile will serve as a central hub for information on protocol upgrades, network updates, and other relevant details about Shibarium.

Community Reaction and Debate

The SHIB community is divided on the timeline for Shibarium's release. While some supporters advocate for patience, others are pressing for a clearer roadmap. Popular crypto influencer Milkshake emphasized that the first step for Shibarium is the completion of its documentation, including a whitepaper, which is currently in progress.

Role of Shiba Eternity in Shibarium Development

The Shiba Eternity mobile card game has played a crucial role in testing potential features for Shibarium. Although the game's documentation took precedence over the whitepaper, its development has provided valuable insights into the functionality of the upcoming Layer-2 network.

Recent Updates and Speculation

Crypto influencer Lucie Sasinkova recently confirmed that the Shibarium node is ready, according to a validator from xFund. This news has sparked speculation about a potential launch date, with some community members guessing a release as early as November 2022.

Market Performance of SHIB

Despite recent excitement, SHIB experienced a 4.6% price drop in the last 24 hours, trading at $0.00001190 at press time. However, the token had previously seen a 17.2% gain over the past 14 days. The broader crypto market downturn has impacted SHIB and other major altcoins.

Community Engagement and Developments

The SHIB community remains active, with ongoing discussions about the project's future. However, the burn rate of SHIB tokens has dropped by 63% in the last 24 hours, indicating reduced enthusiasm for burning the token. The official release date for the blockchain version of Shiba Eternity also remains unclear.

Why This Matters

The development of Shibarium and other SHIB-related projects could have significant implications for the broader crypto market. As dog-themed memecoins like SHIB and DOGE have historically led market trends, their technical advancements could influence the overall crypto market cap.

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