Shiba Inu: Shibarium Testnet To Be Launched in Six Weeks?

Paigambar Mohan Raj
Source: Finbold

Shiba Inu (SHIB) is yet to announce an official launch date for its upcoming Layer-2 network, Shibarium. However, popular SHIB influencer Archangel has teased that the testnet for the new network might go live in six weeks.

Archangel shared an animated picture of a Shiba Inu dog burrowed under a tree trunk, along with the statement,

“If the Shibhog see’s it’s shadow, does that mean six more weeks until Shibarium?”

There have been rumors that Shibarium could go live on Valentine’s Day this year, Feb. 14. However, if we are to go by what Archangel has teased, SHIB’s Layer-2 might not see the light of day till mid-March.

Shibarium was previously supposed to go live in Q4 2022, but the launch was postponed due to technical reasons. The date was then pushed to early 2023. However, there have been minimal updates from the Shiba Inu (SHIB) team regarding the launch. Even Unification, the team building the new network, is mum on new updates. Furthermore, most of SHIB’s current hype is centered around the Shibarium launch, and the lack of relevant updates will hamper the asset’s price. Being a memecoin, SHIB is subject to online activity.

Additionally, according to LunarCrush, SHIB’s social mentions have fallen by 9%, while social engagements have dropped by 5.1%.

Source: LunarCrush

Shiba Inu payments reach an all-time high for virtual debit card

SHIB was recently listed as an accepted currency on FCF Pay virtual debit cards. In just one day, SHIB payments hit an all-time high for the payment system. Moreover, FCF Pay has also listed BONE and LEASH on its list of accepted currencies.

BONE is set to be the gas token within Shibarium, and hence many firms are listing the SHIB offspring. As a reaction, BONE prices have surged of late. The coin has rallied by 67.6% in the 30-day chart. Additionally, it has risen by 10% in the 7-day chart. At press time, BONE was trading at $1.48, up by 11.8% in the last 24 hours.

On the other hand, at press time, Shiba Inu (SHIB) was trading at $0.00001207, up by 3.3% in the last 24 hours.