Dear SHIB Crypto fans, Mark your calendars for Shibarium Public Beta launch
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Less than 24 hours ago, the official Shiba Inu (SHIB-USD) account on Twitter made a big announcement. The news? The public beta version of Shibarium is apparently launch this week. As a result, the SHIB crypto is soaring higher as traders consider the implications of the tweet.
Shiba Inu is a low-cost token (currently trading at $0.0000115) and a blockchain-based ecosystem. Dog-themed digital tokens have struggled to gain credibility and legitimacy. It is clear that Shiba Inu’s developers are working hard to fix this problem.
In a tweet addressed to “#SHIBARMY,” the Shiba Inu Twitter account declared that the “Shibarium Public Beta” will launch this week. The social media post continued:
“Make sure you follow our official social media over the next few days as we reveal all the details on how to access the beta site. Hi Shib! #ShibariumBeta.”
The tweet received more than 750,000 views by 11:00 a.m. Eastern today. How did cryptocurrency traders react to the Shibarium announcement?
What is happening with SHIB Crypto?
The response appears to be overwhelmingly positive as SHIB crypto is up more than 6% at the time of writing. Undoubtedly, crypto investors are pleased with the Shibarium-related tweet.
Without going too far into the technical details, a report from CoinDesk explains that the Shibarium blockchain update could potentially “reduce scaling and data bottlenecks” in the network. This can help facilitate more efficient transactions for metaverse, non-fungible token (NFT) and gaming applications.
Additionally, another report suggests that the Shibarium launch “will make SHIB transactions faster and cheaper.” Overall, the Shibarium update could improve the “attractiveness” of the Shiba Inu ecosystem for developers and other participants.
On top of it all, the responses to the tweet were also generally positive. So it seems the Shiba Inu “army” is excited about the beta launch and ready for it to happen as soon as possible. Meanwhile, the SHIB crypto remains low in price, but is definitely moving higher today.
At the date of publication, David Model did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Guidelines for publication.
