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Bone ShibaSwap is on for a Bull Run Amid this Weeks Anticipated Shibarium Launch

Kester Odero by Kester Odero
March 8, 2023 - 4:11 pm
in altcoins news, Market
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Shiba Inu’s Shibarium has stated that the public beta debut is imminent, a development that has seen the value of Bone ShibaSwap (BONE) continue to soar. The Shuttle Shibarium, Shiba Inu’s much-anticipated layer-2 scaling solution, is nearly ready for liftoff. The official Shibarium Twitter account has announced that the beta release of the platform will occur next week, and the countdown has begun.

The creators of Shibarium have assured the public that everyone can participate in the launch. As a result, everyone can learn the ropes of the new system.

Attention #SHIBARMY 🚨

We're thrilled to announce that #SHIBARIUM Public Beta will be launching THIS WEEK! 🎉

Make sure you’re following our official socials over the next few days as we reveal all the details on how to access the beta website. Hail Shib! #ShibariumBeta 🦴 pic.twitter.com/ZsgEm3AjPH

— Shibarium Network (@ShibariumNet) March 7, 2023

Understanding the new Shibarium development

Shibarium is an Ethereum Layer 2 blockchain solution with the goal of improving the scalability of the Shiba Inu ecosystem. Ryoshi, the founder of Shiba Inu, foresees Shibarium as a platform that may facilitate faster and cheaper transactions, allowing the construction of decentralized applications (dApps) and Metaverse initiatives, streamlining Shiba Inu NFT games, and lower transaction fees. Shibarium is able to improve the efficiency of gaming and Metaverse apps by shifting transaction processing to Layer 2 protocols, hence reducing the stress on the blockchain network.

The development platform also offers robust features for the community to implement their ideas into the blockchain, encouraging the production of decentralized applications crucial to Web3 growth. With its ability to maintain token values and provide liquidity through a decentralized exchange, Shibarium has the potential to significantly improve the Shiba Inu ecosystem. Shibarium’s goal is to change the crypto business by releasing the full potential of Web 3.0 with its speed, low cost, and functional benefits.

The cost of bones has been steadily increasing

As a result of the statement, the price of Bone ShibaSwap, which has seen a few rallies due to the constant Shibarium news, appears to be enjoying a nice day, gaining close to 25% in just 24 hours. The current price of BONE is $1.84.

Bone ShibaSwap to USD chart source: CoinMarketCap

During the same time period, the asset’s trading volume surged by more than 740%, and its market cap increased by 22%. According to CoinMarketCap’s statistical analysis, the asset market is now being controlled by bulls.

Tags: AltcoinsCryptocurrencyMarket
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Kester Odero

Kester Odero

Kester is a Kenyan citizen currently based in the country’s capital Nairobi who studied at KCA university, also based in Nairobi, Kenya.His Passion as a writer led him to freelance news writing in his early school years. Kester likes to talk about blockchain and is keen on generating plagiarism-free work. Kester also writes on general world news and other emerging niches and research in the crypto world and the world's economy.Kester is focused on creating high-quality and highly optimized content. In line with this, he has specialized in emerging blockchain news technical analysis and price predictions. BestHe is dedicated to giving the best quality services and focused on delivering work during the required time.

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