Shiba Inu Mainnet Launch Update: Shibarium Launch Being Expedited

Shiba Inu (SHIB) enthusiasts have been eagerly anticipating the release of the Shibarium mainnet, and exciting news has emerged. A team member from the SHIB developer team revealed that the launch of the Shibarium mainnet is being expedited, as shared by Lucie, the official content marketing specialist of the Shiba Inu ecosystem, on Twitter.

To provide further insights into SHIB’s development updates, Finbold reached out to Price Predictions, a renowned cryptocurrency analytics and prediction platform that leverages advanced machine learning algorithms.

According to Price Predictions, their data indicates that SHIB is expected to reach $0.00000854 by June 1, 2023. While this represents a slight decrease in price compared to its current trading value, it remains a noteworthy projection for SHIB enthusiasts and investors to consider.

The algorithm employed by Price Predictions relies on various technical analysis (TA) indicators, such as moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), average true range (ATR), and Bollinger Bands (BB), which all play an important role in the platform’s forecasting methodology.

At present, the trading price of Shiba Inu is $0.00000864, down over 3% in the last 24 hours. Technical analysis suggests a support level at $0.00000831, indicating a potential price rebound due to increased buying pressure. Conversely, there is a resistance level at $0.00000918, where selling pressure may intensify, hindering upward movement.

Regarding the expected launch date of Shibarium, Shytoshi Kusama, the pseudonymous leader of the SHIB development team, addressed the issue on Telegram. Kusama clarified that his previous statement about the launch had been taken out of context, leading him to refrain from providing specific dates. However, he assured the community that the team was actively working on the project and would provide updates soon.

Insights from developer Shibarium1, shared by Lucie, suggest that the Shibarium launch could potentially take place in August. This estimate varies from Kusama’s earlier mention of a possible launch in July. Lucie believes that the release is likely to occur in the third quarter of this year, considering the various teams involved and the integration of artificial intelligence.

The introduction of Shibarium and its associated developments are expected to influence the price dynamics of SHIB and other related tokens. However, given the evolving dynamics within the meme token sector and the rise of Pepe, the exact impact remains to be seen.

Disclaimer: The content of this article should not be considered investment advice. Investing in cryptocurrencies carries risks, and individuals should proceed with caution.