Despite being born out of a meme, Shiba Inu [SHIB] managed to garner the attention of the entire globe. The consistent developments and intrigued community aka Shib Army have made sure to keep the altcoin on top. While 2021 was all about ‘partnershibs’ for the altcoin, the theme for 2022 was the development of the network.
Shiba Inu’s layer-2 solution, Shibarium has been in the works for quite some time now. Back in March, the lead developer Shytoshi Kusama affirmed that Shibarium was nearing the finish line. However now, one of the devs who goes by the Twitter user name @kaaldhairya affirmed that the layer-2 solution was on the right track.
Shibarium is reportedly in the Alpha phase and will soon be shifting onto the Beta phase.
Apart from this, the Shiba Inu dev shed light on the development of an array of other things. The SHIB ecosystem has a slew of updates scheduled for 2022. From its very own stablecoin to SHIB: The Metaverse, the community has a lot to look forward to.
Will these developments do any good to the price of Shiba Inu?
The multitude of developments in the Shiba Inu ecosystem has had no impact on the price of its native coin. The team has time and again stressed that they were focused on bolstering the utility and not the price, just yet.
Mirroring the market sentiment, Shiba Inu, during press time was painted in red. After enduring a 3 percent drop over the last couple of days, the asset persisted in this notion. SHIB was trading for $0.00002625 with a 1.93 percent downfall over the last 24-hours. The market cap of the altcoin, however, surged to $14.40 billion.