Shiba Inu Makes Anticipated Announcement: Will the Long-anticipated Rally Finally Coming?

shiba inu His official account recently shared about the “cold wallet” made. According to the post, pre-orders for SHIB-themed cold wallets will start on May 29. It is known that the wallet in question was produced in cooperation with the Swiss company Tangem.

The developers are also in talks with Huobi and CertiK for the cold wallet release. According to reports, the wallet is expected to support up to 6,000 crypto assets. In addition, the wallet is expected to have advanced security features.

While the Shiba Inu has hosted significant developments lately, there has been a lot of speculation. The most notable of these was that the long-awaited Shibarium layer-2 network will be released soon.

SHIB lead developer Shytoshi Kusama previously said that the upcoming layer-2 mainnet could launch in June or August 2023. With June fast approaching, SHIB fans are eagerly awaiting more updates on the same. However, no official launch date has been announced yet.

Will Shiba Inu Price Rise?

The cold wallet to be presented will be an important addition to the SHIB ecosystem. The team has long been focusing on various enhancements to take the project beyond a meme coin. Innovations made in this context continue to attract attention.

On the other hand, after reaching its highest level at the beginning of February, the price entered a downtrend and did not create a very positive outlook.

shiba inu analysis

The cold wallet launch and Shibarium developments could create a volatility in the Shiba Inu price and help erase even a zero. However, it should not be forgotten that the developments in price depend on many different factors.

You can follow the current price action here.

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