Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The Shiba Inu token is up 13% this week against its main sector rival, Dogecoin (DOGE). This week was the second in a row that SHIB rose against DOGE, with a cumulative result of 24%. Interestingly, however, Shiba Inu token quotations had fallen by similar figures against Dogecoin in the previous similar period.
A surprise announcement from the official Twitter account of Shiba Inu is the reason why SHIB versus DOGE quotations have perked up. It invites everyone to follow a site where a countdown is now underway, which is due to end on Dec. 20 at 8 p.m. UTC.
Crypto enthusiasts took the timer as a signal for the release of Shibarium, Shiba Inu's own Layer 2 solution. Rumors of a possible release of the long-awaited protocol have caused a price surge of another ecosystem token, BONE. Thus, its price rise today reached 38% at one point, but then gave up 14% of it.
Tomiwabold OlajideWhat else can be expected?
While everyone is waiting for Shibarium, this might not be all there is to it. More accurately, the Layer 2 solution is the most unlikely of all that can be expected. The countdown more likely marks the release of the redesigned Shiba Inu website as well as the release of the ecosystem wiki.
Yuri Molchan
Godfrey Benjamin
Dan Burgin
Alex Dovbnya
Vladislav Sopov