At time of publication, SHIB was trading up 2.30% at $0.0000102
Shytoshi Kusamalead developer of Shiba Inu, might have something to say to the SHIB community by tweeting, “Today I’m writing. Tomorrow I’ll have a LOT to say #Shibarmy.”
While there seem to be a lot of unanswered questions in the hearts of several Shiba Inu community members, it does not yet becloud the fact that expectations remain concerning upcoming Shiba Inu projects and implementations.
As reported in May by U.Today, the main financial components of Shiba Inu, Shibarium, SHI and SHIBFE, are under development and nearing completion. Shytoshi Kusama shared his timeline expectations in a blog post at the time: “I refuse to give specific dates at this time, but I expect to see one or more of these technologies before the end of the summer or at the very beginning of autumn.”
Shibarium, a Layer 2 blockchain that uses BONE as gas, serves as the foundation for all ongoing SHIB projects. The Shibarium Financial Ecosystem (SHIBFE), which is also linked to SHI Development, applies to SHIB’s financial solutions, while SHI refers to Shiba Inu’s stablecoin solution.
Shibarium public beta could launch in Q3 2022, according to recent updates provided by Unification.
Shiba Inu price consolidates at $0.00001
Shiba Inu dropped an additional zero as its price recovered once again to support levels of $0.00001 on July 4. Shiba Inu consolidated above $0.00001 from the middle of May until the beginning of June, indicating it as a support. SHIB fell beneath this support as a result of market declines, flipping it into a short-term barrier.
At press time, SHIB was trading up 2.30% at $0.0000102, hovering in a tight range over the past five days. According to Shibburn Twitter handful, over 132,886,347 SHIB tokens have been burned since the day before and 17 transactions have been completed.
