While Shiba Inu (SHIB) has been trading sideways in the past few weeks, a recent announcement reportedly shared by the ecosystem’s lead developer could spark excitement in the cryptocurrency community and a more intense movement upward for one of the most famous meme dog cryptocurrencies.
As it happens, the Twitter profile Shiba Archives has stated that the pseudonymous lead Shiba Inu developer, known as Shytoshi Kusama, has made a staggering announcement that the platform’s Layer 2 blockchain solution Shibarium would launch before May, according to the tweet posted on April 28.
Indeed, Kusama had earlier announced on Telegram that “Things are coming WAY before May,” according to a screenshot shared by the Twitter user and SHIB fan known as KURO SHIBARMY JPN in mid-February:
SHIB price analysis
Meanwhile, Shiba Inu is trading at the price of $0.00001027, down 0.06% in the last 24 hours and 3.15% across the previous week, as well as losing 1.75% in the past 30 days, as per the latest data retrieved by Finbold on April 28.
If the sources are correct and the Layer 2 Shibarium network truly launches in the next few days, it remains to be seen just how much of a bullish rally it would provide for its representative digital asset. In the meantime, SHIB has demonstrated several reasons why it would be a good buy in May.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
