Shiba Inu (SHIB) Sends Shockwaves: Is Shibarium Coming in July?

• The Shiba Inu cryptocurrency has gained approximately 16 percent in the past seven days due to bullish sentiment.
• Lead developer Shytoshi Kusama has hinted that the team is working on something big and will be released soon.
• Shibarium layer two is expected to increase the value of existing tokens by adding a SHIB burn mechanism.

Recent Price Increase

The Shiba Inu cryptocurrency (SHIB) has seen an impressive price increase of 16% in the last week due to increased interest from institutional investors and crypto bulls. This meme coin, which had been trading around $0.0000079, was able to rally over 1000X during the 2021 crypto bull market thanks to speculation like its predecessor Dogecoin (DOGE).

Shibarium Layer Two

Lead developer Shytoshi Kusama has confirmed that the team is onto something big regarding their upcoming projects and releases. One of these projects include Shibarium layer two, which is currently going through its beta testing since March 11th. It involves a SHIB burn mechanism which will help increase the value of existing tokens and on-chain activity for both Shiba Inu and other related tokens.

Community Reactions

The Shibarmy community has been eagerly waiting for the launch of Shibarium layer two in order to add fuel for another crypto bull run. A member from NFA Labs noted that this would have a bright future for the Shiba Inu ecosystem with statements being echoed by lead developer Kusama himself, who promised quality products for everyone involved with it.

Investment Firms Interest

Several investment management firms such as BlackRock have filed for Bitcoin ETFs which signals a new era of crypto adoption and increasing interest from institutions towards digital assets like cryptocurrencies. This further adds weight behind predictions that greater adoption is coming in terms of cryptocurrencies being used more regularly as payments or investments in general across many areas of society.

Final Thoughts

As one of the top rated meme coins with more than 1 million holders, any hint about upcoming projects from lead developer Shytoshi Kusama sends shockwaves through out the cryptocurrency market every time he speaks up about it . With this increased attention from institutional investors and industry veterans alike, it looks like we can expect much bigger things coming up very soon!