Shiba Inu’s highly anticipated layer 2 solution, Shibarium, is facing unexpected delays, leaving investors uncertain. The exact release date remains unknown despite initial expectations for a second or third-quarter 2023 launch. However, a recent video released by Shiba Inu’s chief developer has sparked speculation about a significant upcoming event related to Shibarium.
Renewed Optimism Amidst Uncertainty:
Shytoshi Kusama, the chief developer of Shiba Inu, shared a video hinting at an imminent event related to Shibarium. While the exact nature of the event is still unknown, Kusama’s words suggest it may be the long-awaited launch party for Shibarium. The Shiba Inu community eagerly awaits further details. However, it is worth noting that the event could also be related to other aspects of the Shiba Inu ecosystem, leading to speculation and anticipation.
Impact on SHIB Token :
The lack of clarity surrounding the delayed release of Shibarium has caused concern among Shiba Inu traders, negatively impacting the SHIB token’s valuation. The token has experienced a significant decline in recent weeks, with the price dropping from $0.000011 to $0.00000591. Despite a 40% rally, the price has struggled to break key resistance levels. Investors closely monitor developments regarding Shibarium’s launch for potential price movements.
Future Outlook and Resistance Levels:
Kusama’s teaser video did not generate significant hype among SHIB investors at the time of writing. The price remains stagnant at $0.00000726 but is poised to challenge the top of the descending trend channel once again. Breaking out above the area between $0.000080 and $0.00000833, representing the 23.6% Fibonacci retracement level, is crucial for overcoming current resistance and potentially driving further price movements.
The delay in Shibarium’s release has introduced uncertainty for Shiba Inu investors. While a recent video teaser suggests an upcoming event related to Shibarium, the exact details and impact on the SHIB token remain to be seen.
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