Shiba Inu (SHIB), one of the famous meme coins, has been sideways for a while. That changed with an announcement. The public testnet of SHIB’s layer-2 solution will reportedly be released soon. Then, SHIB price rallied from $0.000022 to $0.000029. cryptocoin.com We convey the details as…
New news for Shiba Inu
The Unification Foundation, which provides Blockchain solutions for businesses, announced in a recent Medium post that the public testnet of Shiba Inu’s layer-2 scaling solution will be released very soon. His posts include the following statements:
In addition to extensive network, protocol and new partnership enhancements, the Unification Foundation is proud to continue developing Shibarium, the Layer-2 solution created in partnership with the Shib Army. With this, it enables fast low-cost transactions optimized for gaming. While the scale of the project doesn’t allow for an exact timeline to be released yet, the second version of Shibarium’s private testnet is live and plans for a public testnet release are in the works very soon.
In December, developer Eric M said that Shibarium “won’t stay silent”, stating that the scaling solution would be unveiled soon. Then the second version of Shibarium’s private testnet was launched. Shibarium has been a sought-after solution due to the high Ethereum gas fees. In addition, the Shiba Inu will also be optimized for gaming. The founder of SHIB, named Ryoshi, stated that a token called BONE will be used as the primary parity token in Shibarium.
SHIB price jumps
At the time of writing, Shiba Inu is the most rising coin among the top 100 cryptocurrencies by market capitalization. Although the rise of many cryptocurrencies is limited to around 10 percent, the value increase of SHIB is around 23 percent. It is thought that the development behind this acceleration may be the Unification Foundation statement. SHIB managed to climb from $0.000022 to $0.000029 in the last 24 hours. It’s changing hands at $0.0000027 at the time of writing. Weekly earnings rose more than 30 percent.
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