Shiba Inu (SHIB) surpasses Dogecoin (DOGE) as a powerful trigger in the form of Shibarium emerges.
The leading token in the Shiba Inu ecosystem, SHIB, has been performing impressively against its main rival Dogecoin since midweek. Since Wednesday, November 2, SHIB has gained 13% against DOGE, now trading at 0.0001 Dogecoin per Shiba Inu token.
However, despite the strong gains in the middle of last week, it’s best not to open the previous week’s chart. SHIB then fell nearly 40% on news of Musk’s purchase of Twitter, despite a 30% rise in its price against the dollar.
“Wen Shibarium?”
The emergence of new details about Shibarium, Shiba Inu’s Layer 2 blockchain, could be a trigger for SHIB’s price. First, the project’s lead developer announced that after the release of Shiba Eternity, the team is now focusing entirely on Shibarium.
Then, later in the week, the information was confirmed by a member of the Unification Foundation, which is also involved in building the protocol. Unification’s product manager confirmed Shytoshi Kusama’s words and said that the alpha version of Shibarium is updated every day.
Originally scheduled for the third quarter of this year, Shibarium is expected to take the ecosystem to the next level and expand the use of not only SHIB, but also all other relevant tokens such as BONE or LEASH.
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