Shiba Inu (SHIB) pumps 23% in 7 days, Here is why? 

Since last week, the Shiba inu token is surging rapidly following the Shibarium blockchain development news. 

Shiba Inu is a popular meme crypto token, which grabbed huge popularity in the crypto sector in 2021 under the influence of Tesla CEO Elon Musk. Over the last couple of years, the project team behind this token introduced several development works to make the Shiba Inu token useful.

At the time of writing this article, the trade price of the Shiba Inu token is $0.00001107 & this trade price is 22.54% higher over the last 7 days of trade price.

This noticeable increment in the trade price of Shib token is because of the Shibarium blockchain development news. At present, the Shibarium blockchain network is in the beta testing phase.

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SHIBARIUM EARLY BETA TEST IS LIVE!

Today, more than ever, we see the need for a truly decentralized L2 network that powers the projects of a large, global, decentralized community.

Read more:https://t.co/131BxiS4BS

— Shibarium Network (@ShibariumNet) March 11, 2023

Over the past week, the trade volume of Shiba inu tokens also surged by nearly 65% but the majority of the people are claiming that Shiba token traders are stupid, obviously because of the perfect reason.

The official Shibarium blockchain mainnet launch date is somewhere between 13 Aug to 17 Aug and people are thinking that it will bring a very big boost for Shiba inu crypto ecosystem but in reality, people are not thinking precisely that the Shiba inu token will only remain a normal token on the Shibarium blockchain.

Here people need to understand that the Bone token will be a native token of the Shibarium blockchain and the Shib token will be supported as a third-party token. That means people will be able to transfer Shiba inu tokens via the Shibarium blockchain at low fees but they will be required to pay transaction fees in Bone tokens.

So here we can say that the Shibarium blockchain mainnet launch will not bring any use case for the Shiba Inu token.

Read also: US senator says the SEC wants broad authority over the crypto sector

Shiba Inu (SHIB) pumps 23% in 7 days, Here is why? 

 

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