Shiba Inu (SHIB) outpaces Dogecoin (DOGE) as powerful trigger in form of Shibarium emerges
The main token of the Shiba Inu ecosystem, SHIB, has shown impressive performance since mid-week against its main rival Dogecoin. Since Wednesday, November 2, SHIB has gained 13% against DOGE, which is now trading at 0.0001 Dogecoin per Shiba Inu token.
However, despite strong gains from the middle of last week, the chart of the week prior to this one is best left unopened. SHIB then fell to DOGE, driven by news of Musk’s purchase of Twitter, by almost 40%, despite its price to the dollar rising by 30%.
“Wayne Schuberium?”
One possible trigger for the price of SHIB was the emergence of new details about Shiba Inu’s own Layer 2 blockchain Shiberium. First, it was announced by the lead developer of the project that following the release of Shiba Eternity, the team’s focus and energy is now entirely on Shiberium.
Then later in the week the information was confirmed by a member of the Unification Foundation, also involved in building the protocol. Unification’s product lead confirmed Shytoshi Kusama’s words and said that the alpha version of Shibarium is getting an update every day.
Originally slated to launch in the third quarter of this year, Shiberium should take the ecosystem to the next level and expand the use of not just SHIB, but all other tokens such as BONE or LEASH.
