Shiba Inu cryptocurrency may rise in price next week

The chief developer of the cryptocurrency SHIB $0.00001919 Shiba Inu 0.05% Market capitalization $11.3 billion VOL. 24 hours $0.1 billion , Shitoshi Kusama, published on social media the approximate date of the Shibarium project launch, which caused a stir among users.

Editor’s note: not financial advice! The NoWorries editorial team urges readers to invest in cryptocurrencies wisely and to be cautious about investing in meme coins.

Shibarium is a second-level blockchain that is supposed to reduce transaction costs and add new features to the Shiba Inu project. In a dialog with the community, Shitoshi Kusama mentioned «next week,» which users took as a hint of the upcoming launch of the network’s beta version.

However, there are users who are skeptical of this statement, as there is no official information about the Shibarium launch date yet. SHIB developers previously stated that the launch of the second level of the Shibarium blockchain would take place in January 2023, but this did not happen.

According to a report by Nansen analysts in January, the Shiba Inu token has become the most popular meme coin for investment among crypto beginners. The analysts recorded more than $ 56 million in SHIB tokens on about 12,000 new crypto wallets.