Summary
- Shiba Inu’s value goes up by 5%.
- The crypto market has started picking up since it suffered a market capitalization of 6% in the previous week.
The Shiba Inu token Gains Momentum
In the previous week, Shytoshi Kusama launched the Shibarium protocol at the Blockchain Futurist Conference in Toronto. The protocol experienced problems that led the price of the token to fall significantly a few hours after it was launched. The price has been trailing for the past seven days.
The price of the token has been noted to have fallen by 17%. Shytoshi Kusama announced that the Shibarium protocol testing was going on and that it would resume its operations soon. At the moment, the protocol is producing blocks of information in private mode.
The Shibarium Protocol Gets A Shot At Redemption
The fact that the Shibarium protocol is almost being released after testing has sparked a lot of excitement within the Shiba Inu Community. The members are anticipating the development of dApps can create a major change in the L2 protocols sector.
The Shibarium protocol is getting a chance to redeem itself in Web 3.0 ecosystem after it experienced a few mishaps. Hopefully, as time goes by, it will pick up the pace and contribute a unique effect to the L2 world.