Shiba Inu’s upcoming Layer-2 blockchain Shibarium is garnering a lot of attention ahead of its highly anticipated launch. cryptocoin.com We have compiled the news that made SHIB peak for you.
Potential users of Shibarium
In a recent tweet, a Shiba Inu influencer nicknamed the ‘Nasty Shib’ shared a screenshot of Kusama’s expectations regarding the potential benefit of Shibarium. The Shiba Inu lead developer said that cryptocurrency projects like Falcon 9 (F9) and Metabet (MBET) will use the upcoming L2 blockchain.
It is worth noting that Falcon 9 is an Ethereum-based community crypto project. The F9 token can be traded on Uniswap (V2) and Shiba Inu’s decentralized exchange, ShibaSwap. METABET, on the other hand, is a win-win/Gamefi casino ecosystem traded exclusively on Shiba Inu’s decentralized exchange.
Big excitement ahead of Shibarium launch
Kusama’s comments mark the latest excitement for the upcoming L2 blockchain. It has become a routine to see Shiba Inu team members explain their expectations from Shibarium.
Recall earlier this month that Kusama likened the Shibarium to a ‘pine tree’ that needs sunlight, water and good soil to grow. The lead developer also said that Shibarium will survive and thrive in even the harshest winters.
The team is building Shibarium to serve various cryptocurrency industries, including gaming and metaverse. Shibarium took a tip to pioneer fast, low-cost and secure transactions.
The team also revealed that the upcoming network will help burn SHIB tokens through every transaction within the protocol. The mouth-watering properties of Shibarium have excited Shiba Inu community members for the launch of the L2 network. Despite pressure from SHIB enthusiasts, the team declined to give a specific date for the beta release of Shibarium.
Shiba Inu is on the rise
The asset recently reclaimed the $0.0012 price zone after rising sharply in under two hours. The Shiba Inu (SHIB) looks set to recapture the $0.00002 price point after renewed interest triggered by the hype surrounding its upcoming L2 solution Shibarium. The asset has designed a reversal rally against the bears, which has so far pushed it above the $0.000012 zone in under two hours.
Traded at $0.00001180 earlier today, SHIB started the day on promising ground, climbing 3.7% in two hours to $0.00001226 before encountering stiff resistance. Despite opposition, SHIB is holding above the $0.000012 zone, which is currently changing hands at $0.00001208, up 4.43% in the last 24 hours.
SHIB is looking to establish a comfortable position above the third critical resistance at $0.00001260 and this should act as a bullish ramp to the pre-FTX high above $0.000013. Conquering this zone will give the bulls enough support for a trip to the August high of $0.00001692 which, if recovered, will set the ground for the rally at $0.00002. This price level was last seen in May 2022.
Some investors and analysts remain confident in the asset’s momentum, accumulating trillions of coins in anticipation of a bull run. Davinci Jeremie, a well-known Bitcoin early adopter, recently asked an undecided investor to buy some SHIB.
SHIB developments
Most recently, Bermuda, a non-custodial privacy protocol, announced its support for the Shiba Inu; This will give investors the opportunity to carry SHIB tokens without having to disclose their personal wallet details while doing so. This provides an extra layer of privacy for investors. As expected, the development was enthusiastically received.
Additionally, Travala has recently expanded its support for Shiba Inu, as the travel booking solution announced that the asset can be used to book activities in Phú Quốc, Vietnam’s most popular watersports destination.
Also, Atomic Wallet recently announced that it supports Shibarium when it was released. This came shortly after Shytoshi Kusama announced on Thursday that the team plans to burn trillions of SHIBs with Shibarium.
Now accepting payments with Bitcoin and SHIB
Bin Faqeeh said in a recent announcement that his clients can now pay for real estate using Bitcoin (BTC) and Shiba Inu (SHIB). The development comes after Bin Faqeeh adopted Binance Pay, a cryptocurrency payment solution developed by Binance.
Customers wishing to purchase Bin Faqeeh’s properties using SHIB and BTC will need to use the Binance Pay app to scan a QR code provided by the real estate company. Additionally, Bin Faqeeh’s clients will also be asked to choose the cryptocurrency they want to pay for the property and the amount they want to spend.
Meanwhile, Binance CEO and founder Changpeng Zhao (CZ) also announced the development on Twitter. Also, ‘You can now buy flats or houses using cryptocurrency from Bin Faqeeh, a property developer in Bahrain.’ said.
Bin Faqeeh is a leading real estate developer in Bahrain that provides luxury apartments for investors and homeowners. The company claims to own more than 30 unique real estate projects. Bin Faqeeh is one of many Bahrain-based companies that accept crypto payments through its Binance Pay solution. Last month, Binance Pay partnered with Bahraini payment provider EazyPay, allowing STC customers to pay their phone bills with cryptocurrency.
Increasing acceptance of crypto payments
The development further confirms the widespread acceptance of Bitcoin and Shiba Inu payments in the real estate industry. Recently, leading real estate companies have partnered with leading cryptocurrency payment providers, including BitPay and Binance Pay, to allow their clients to purchase properties using digital currencies.
In October, two real estate companies, Condos.com and Pacaso, reportedly added support for Shiba Inu and Bitcoin payments. As reported, the two real estate brands have added support for SHIB and BTC payments after collaborating with leading cryptocurrency payment provider BitPay.
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