Yesterday marked the commencement of the Blockchain Futurist Conference in Toronto, Canada. One of the speakers on the first day was SHIB’s lead developer, Shytoshi Kusama, who delivered a speech lasting approximately five minutes. However, a sense of disappointment prevailed among numerous enthusiasts, as Kusama did not unveil Shiba Inu’s Shibarium network as had been widely anticipated. Despite this, Kusama has now provided a suggestion that the eagerly awaited network could potentially make its debut today.
A noteworthy aspect is that DogPad Finance, a project operating within the Shibarium ecosystem, has shared a message response from Kusama on Discord. In the message, Kusama conveyed, “Why would I release on a 5 min talk when we have a 16 keynote tomorrow.” This communication has led many to speculate that there’s a possibility of Shibarium being launched today, specifically on August 16. It’s important to acknowledge that the rollout of the layer-2 network has encountered several delays owing to developmental challenges.
Shiba Inu Investors Eye Shibarium Launch as Price Boost Trigger
SHIB stands out as one of the top-performing cryptocurrencies in the weekly charts, exhibiting a 6.1% increase over the past seven days. In this timeframe, SHIB’s performance places it in a favorable position, ranking just behind ThorChain (RUNE), Toncoin (TON), Radix (XRD), and Frax Share (FXS).
Nevertheless, the potential launch of Shibarium today holds the promise of triggering a notable surge in Shiba Inu (SHIB) prices. The launch event is eagerly awaited within the cryptocurrency sphere and is projected to leave its mark on the movement of asset prices. It’s important to note, however, that given the prevailing unfavorable direction of the broader market, any rally experienced by SHIB might be of a fleeting nature. Despite this, the introduction of the Shibarium network could generate heightened demand for the project, potentially leading to a gradual price escalation over time. As of the present moment, SHIB is trading at $0.00001006, depicting a decline of 1.9% over the past 24 hours.