• Shiba Inu (SHIB) lead developer Shytoshi Kusama hinted at an upcoming project.
• The SHIB price gained 16% in the past week, driven by growing interest from institutional investors.
• The team is working on Shibarium layer two, which will include a SHIB burn mechanism and other features.
Shiba Inu (SHIB) Bull Run
The recent crypto bullish sentiment has seen Shiba Inu’s (SHIB) price rally around 16 percent in the past week to trade around $0.0000079. With more than 1.3 million holders, SHIB is one of the top-rated meme coins and is expected to see further gains as institutional investors have shown increased interest in cryptocurrencies recently.
Shibarium Layer Two Launching Soon
With growing anticipation from its community, Shiba Inu lead developer has confirmed that the team is onto something big and will be released soon enough. The Shibarmy has eagerly been waiting for the launch of Shibarium layer two which will add fuel for the next crypto bull rally. This layer two blockchain comes with a unique feature – a SHIB burn mechanism that would help increase the value of existing tokens by burning up to 41% of their circulating supply so far.
Institutional investors have also started showing increasing interest in cryptocurrencies with major investment management firms like BlackRock filing for a Bitcoin EFT, signaling a new era of crypto adoption and propelling prices higher with each passing day.
Lead Developer’s Tweet Conversation
In a tweet conversation between Shytoshi Kusama and NFA Labs members, it was suggested that Shiba Inu ecosystem has great potentials ahead while Kusama echoed that team is serious about quality products for its community without hinting any timeline or exact product yet but confirming something big is coming soon enough.
The entire cryptocurrency market has surged significantly over the past few days due to increased institutional participation and speculation regarding upcoming projects from various teams including Dogecoin’s predecessor – Shiba Inu (SHIB). With its promising future prospects, SHIB can be expected to see further gains in its price as it readies itself for the launch of Shibarium layer two blockchains featuring unique features like SHIB burn mechanisms and on-chain activities boosters