The Shiba Inu community is optimistic about the new year, looking forward to the release of layer 2 Shibarium and potential new payment integrations. Token prices, on the other hand, have fallen by more than 75% this year.
The year 2023 is quickly approaching, and the Shiba Inu community is optimistic about the coming year. The excitement surrounding various developments within the project is growing, but the SHIB token has succumbed to the wrath of the 2022 crypto winter.
The token has dropped by more than 90% since its all-time high in October 2021. Will it be able to meet the high expectations of the community in 2023?
Shytoshi Kusama, the lead developer, took to Twitter to inform the community that Shibarium would be released very soon, but not during the New Year’s Eve party. He also mentions that next year is ‘important for humanity,’ implying that Shibarium will be released in 2023.
The Shiba Inu team is working on a layer 2 scaling solution called Shibarium.
Many members of the community claim that Shibarium is ready now, but that the development team is waiting for the right time to deploy it. Others believe it will take longer because Shytoshi is a “classic procrastinator.”
An unverified screenshot of a Shytoshi Discord message from January 2022 has been circulating, in which they claim to reveal their true identity by the end of the year. However, this has yet to happen.
Businesses to Accept SHIB Payments?
The Shiba Inu’s popularity has prompted a number of businesses to accept payment in the form of memecoin. Companies such as GameStop and Nordstorm accept SHIB payments through Flexa, and Twitch allows users to support their favorite streamers with memecoin. NOWPayments, a cryptocurrency payment gateway, is urging popular subscription services such as Netflix and Spotify to accept Shiba Inu payments.
However, businesses face challenges as a result of regulatory uncertainty and a high concentration of Shiba Inu tokens in whale wallets. Whales control nearly 70% of the SHIB supply, which has the potential to further depress the price if they sell in large quantities.
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