- The SHIB Token team is planning to release Public beta cheparium this week.
- The Shiba Inu (SHIB) has lost the major support level it has held since January 14, 2023.
- Cheparium’s gas fee token, Boone, also fell 10% as the bears came back.
Bears have returned in a prolonged crypto winter to do a number of cryptocurrencies known as the Shiba Inu Japanese Watchdog (SHIB). As the global cryptocurrency market cap is again below $1 trillion, SHIB has lost its key support level for several months and added zero to its price.
In order to fight the bear market, the community, known as the Shipp Army, has contributed to the Maintain chip price By burning the required amount of tokens on the shipporn. Today, a particularly large SHIB burning transaction made waves on Twitter, with a whopping 85,682,280 SHIB tokens set on fire, breaking the record for the largest burning transaction this year.
Shiba Inu comes before the Shibarium
trapped in Bull trapMemecoin is trying to regain momentum with some highly anticipated upgrades. First, most of the community is waiting for the Shibarium Public Beta to launch this week, as the SHIB Token developer team confirmed its launch on Monday.
Secondly, Shiba Inu’s metaverse project SHIB: The Metaverse is to be distinguished At the upcoming SXSW Experience in Austin, TX. This could be the turning point in the ecosystem, as previously only concept artwork was revealed.
At the time of publication, the 14th ranked memecoin SHIB It is trading at $0.00000973according Queen Gekko. The trend dog coin is down 8.5% in the last 24 hours, but the monthly perspective looks even worse with a deficit of 30%.
Shibarium’s gas fee token, Bone ShibaSwap (BONE), has also fallen by 11.3% over the past 24 hours and by 15.2% since last month. At press time, $BONE has fallen out of the top 100 by global market capitalization again to rank 105 and now It is trading at $1.55according Queen Gekko.
on the flip side
- Many Shiba Inu holders report Phishing attacks and fraud using the name Shiparium.
- Shy Kusama’s followers have been challenged by investors who disapprove of the leadership.
- There is an ongoing verbal spat between the two SHIB Army camps on Discord, Twitter, and Telegram.
Why should you bother
The Shiba Inu’s transition to a self-sustaining blockchain could be critical to the growth of the popular cryptocurrency and its broad community.
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