- Shiba Inu lead developer Shytoshi Kusama addresses the latest FUD attacks on the project and the token.
- The developer also hinted at the possible time for the Shibarium launch.
Shiba Inu (SHIB) price has been struggling for the past 7 days with a 16 percent fall due to reasons including Fear, Uncertainty, and Doubt (FUD) surrounding the ecosystem. SHIB investors are left in a state of confusion as their next investment decisions on the token have been massively affected by the undisclosed date of the Shibarium mainnet launch.
To address these problems and calm nerves, Shiba Inu’s lead developer Shytoshi Kusama has clarified some unwarranted attacks on the token and also given a hint on the possible mainnet launch.
According to the post shared by LUCIE, a marketing member of the Shiba Inu team, there has been a coordinated FUD attack beyond their control and outside of the project. While he thinks that this is good news in a way, Kusama admits that it is also bad news as the fudders are making attempts to convince novices that the project is dead. Interestingly, the Shiba Inu lead developer hinted that the launch could be done in early July.
Nothing has been more laughable since I have seen memes of dancing foxes. When the time is right, the next ‘something is coming’ trailer will blossom into a showcase of the next edition to our ecosystem, and slated for early July, I will tie it all together and show how we have aligned the best-decentralized technologies/protocols.
One notable description of the project is that the complete decentralized product would “cover governance, IRL, MV, Blockchain, AI and DAO’s in a way that cannot simply be done by anyone else on the planet.”
From @ShytoshiKusama NEW 🚨$SHIB $BONE $LEASH pic.twitter.com/3kV1cwkUn5
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 10, 2023
Shiba Inu tipped to go to the moon
This short description of Shibarium has excited the SHIB community who reacted positively in the Telegram group. Shibarium is a layer-2 blockchain expected to enhance scalability, utility, security, and decentralization within the network.
Contrary to the usual perception of meme coins, Shiba Inu has high expectations and is tipped to reach the levels of Bitcoin and Ethereum. Recently, a Shib enthusiast identified on Twitter as SHIB BEZOS tweeted that he expects the token to hit $1 and then proceed to trade at $10 after Kusama reportedly compared SHIB “woofpaper” to the Vitalik Solutions of Ethereum.
#SHIBarium~A SOLID PROJECT one of the biggest events in #crypto history WHERE THOUSANDS OF PROJECTS COULD BUILD ON IT LAYER2, WILL BE LIKE #BTC #ETH #ADA #SOL #MATIC $SHIB TO $1 to $10 BEGINS.
Data suggests that Bone ShibaSwap (BONE), the native gas token of Shibarium, is gaining momentum after it was recently listed by Unocoin, one of the largest crypto exchanges in India.
The beta version of Shibarium is also doing incredibly well with 20.7 million total transactions and 16 million wallet addresses. As of press time, the total blocks produced was 1.2 million with an average block time of 5 seconds.
Shiba Inu currently has a neutral market sentiment and is trading at $0.000007. With the latest description of the Shibarium project, there is a huge possibility that the asset could hit $0.001 in the long term.
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