Shibarium, the blockchain network associated with the Shiba Inu coin, is expected to become public this week. Shibarium’s official social media channels revealed that customers would soon be able to visit the beta website and test its features before the official launch.
The crypto community has a high level of anticipation for the beta release of Shibarium since the platform intends to provide its customers with a trading experience that is both safer and more efficient. The blockchain that Shibarium is based on is Ethereum, and the platform’s native currency, SHIB, serves as the utility token for the network.
It is anticipated that the beta release will give users an early glimpse at Shibarium’s interface, trading tools, and security measures, as well as the ability to contribute comments and recommendations for improvement prior to the formal launch of the platform.
SHIBA soars after Shibarium news
Shina Inu (SHIB), the platform’s native token, has seen a considerable increase in trading volume due to the news of Shibarium’s planned public beta launch in the coming days. The 24-hour trading volume for SHIBA has surged by more than 104%, according to statistics provided by CoinMarketCap, and the token is now positioned as the 15th biggest cryptocurrency by market capitalization.
The rise in trading volume clearly indicates the enthusiasm around the beta release of Shibarium and the potential for the platform to disrupt the existing landscape of cryptocurrency trading.
SHIB trading volume booms, price plummets
With the news that Shibarium will launch a public beta, the trading volume for SHIB surged, but the token’s price went down significantly. The price of the SHIB/USD pair has dropped by 3% over the last twenty-four hours, as it is now trading at $0.00001082.
This price decline should not surprise, given that the cryptocurrency market is notorious for its volatility and changeable pricing. However, it is essential to point out that the general trend for SHIBA has been good in the last few weeks, as seen by the token’s consistent increase and its achievement of new all-time highs.
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