Shiba Inu (SHIB) Continues to Post Strong Growth Following Shibarium News Release

Shiba Inu (SHIB), which is the world's second largest meme token, has recently demonstratedgood results.The value of the token has increased by 3.7% in the last twenty-four hours and by 24% in the last seven days. This comes after a short period when the token's value seemed to be falling, but it has now returned to its upward trend. After the first look at the upcoming second layer network was presentedShibariumfrom SHIB, which the community was eagerly awaiting and very happy about, the token seems to continue its rally along with the rest of the market.

The developers emphasized that Shibarium will be available in stages. Inside the Shibarium protocol there is a native token of the project, which will be calledBONE, will be used to pay for gas transactions, as well as to reward validators and delegates.

It is expected that the Shibarium beta test network, whichis a blockchain that mimics the work of the real world, will work in just a few weeks. In addition to being used as a low-cost clearing house for decentralized applications (dApps) built on the web, developers Shiba Inu said that Shibarium will focus on metaverse and gaming applications. This is especially important, given that another powerful boom is expected in the NFT sector in the near future.

It is also possible that the launch may contribute tothat SHIB and other related cryptocurrencies will have a solid foundation and powerful price spikes. It is interesting to note that any transaction made on Shibarium will result in the destruction of a certain amount of SHIB tokens; however, the exact amount that will be destroyed has not yet been determined. SHIB signals are neutral for now, but a bit more on the bearish side, so let's hope the current bullish action gets the better of the bears and stays for a long time.