shiba inu (SHIB) price is up over 20% today, reaching $0.00001289. The catalyst for the rise can be seen as the most anticipated launch of the Shibarium Layer-2 blockchain. In addition, South Korea’s largest crypto exchange Upbit’s announcement of the SHIB listing in Korean Won (KRW) also contributed to the rally.
Shiba Inu Up 20% Amid High Demand
Sentiment has increased as core developer Shytoshi Kusama and the Shiba Inu ecosystem hint that they will soon launch the Layer-2 blockchain solution.
shibarium The Network’s official Twitter account has started posting details about the Shibarium Beta launch. Preparations for the Shibarium launch are almost complete and the community will be informed of the date soon.
Shiba Inu Team Finally Makes The Long-Awaited Statement
Meanwhile, South Korea’s largest crypto exchange Upbit On January 18, he announced that he had listed the Shiba Inu at the Korean Won (KRW) par. This will allow users to trade SHIB in South Korean currency. The exchange also added the GAL/BTC trading pair.
Due to the change in the method of depositing and withdrawing digital assets, the crypto exchange has been removed from the ERC-20 network. SHIB will support deposits. Deposits made via SHIB’s other networks such as BSC are not supported.
SHIB Broken Above Descending Channel!
meme coin The Shiba Inu has finally risen above the descending channel amid growing speculation around the Shibarium Beta launch by the team in early 2023.
While SHIB price has been trading higher since the beginning of the year, it broke above the 5-month descending channel on the daily timeframe. This signals an upcoming rally at SHIB.
Koinfinans.com As we know, the trading volume has increased by approximately 150% in the last 24 hours, which indicates increased interest from traders.
Meanwhile, Shibarium’s token BONE, which will be used for gas payments, has been trading at $1.54, up 12% in the last 24 hours. The 24-hour lows and highs are $1.37 and $1.55, respectively.