Shibarium could kick-start the vehicle that steers Shiba Inu towards the direction that leads it to the $0.01 milestone. Shytoshi Kusama, lead developer of ShibaSwap announced that ‘Unification’, (a firm working on the L2 platform) has nearly completed the project.
He recently tweeted that the private testnet for Shibarium is live and the team is working on the updates. The private testnet is only accessible to the core team and the public testnet will be released shortly.
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However, a tentative date for the release of the public testnet has not been revealed. “The second version of Shibarium’s private testnet is live and under optimization across both teams with plans of a public testnet release to come very soon,” read Unification’s Medium blog post.
Moreover, now that the private testnet is live within the team, an announcement about the public testnet might not be too far away.
Shibarium Could Push Shiba Inu Towards the $0.01 Path
The most anticipated development in the SHIB ecosystem is Shibarium. The upcoming Shibarium layer-2 solution will run as a blockchain of its own and surpass the high gas fees generated by Ethereum for transactions. Therefore, making it affordable for investors to buy the token and increase its buying pressure.
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However, Shibarium will be built on top of the Ethereum network and not as a standalone blockchain, therefore, it was a layer-2 solution.
Shibarium could be a game-changer when it releases and could push Shiba Inu into a path to scale up sustainably. The team aims to reduce gas fees drastically and had also previously suggested that transaction fees could also be $0.
In other words, Shibarium can attract buying pressure, make transactions affordable, and also make the token available for everyone.
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Stock and crypto analyst Del Crxpto, predicted that Shibarium will push Shiba Inu towards the 1 Cent mark.
“#Shibarium L2 directly contributes to the #1CentDream. Anyone who does not understand how $BONE & $LEASH directly contribute to freeing $SHIB from ERC-20 congestion is doing injustice to the #ShibArmy.”
“When $SHIB is free from ERC-20 congestion and high gas fees, everyone will be able to afford $SHIB. When $SHIB is for everyone. $SHIB will make a #1CentDream come true for everyone who had the #ThinkMacro vision,” he tweeted.
At press time, Shiba Inu was trading at $0.00002493and is down -2.1% in the 24-hours day trade.