Why This Event Could Get Shiba Inu Investors Barking Again
In 2021, Shiba Inu (CRYPTO: SHIB) was the hottest meme coin on the planet. In 2022, not so much. In fact, Shiba Inu is still down nearly 75% from its all-time high in October 2021. While there have been some interesting developments this year -- such as the launch of the Shiba Inu metaverse project back in March -- Shiba Inu has had a difficult time convincing people that it is anything other than a highly speculative meme coin.
But that could change later this year. The buzz right now in the Shiba Inu community is about Shibarium, a Layer 2 scaling solution for Shiba Inu. While there is no exact date for the launch of Shibarium, developers are predicting a Q3 public beta launch date. If it launches as planned, it will provide a huge boost to Shiba Inu.
The primary purpose of Shibarium is to reduce transaction fees and boost overall throughput capacity. According to developers, all transactions will be approved in seconds at near-zero transaction costs. This will make it more attractive to build decentralized applications and other projects for Shiba Inu. In fact, it seems many of the most popular Shiba Inu projects -- such as SHIB: The Metaverse and ShibaSwap -- will now run on top of Shibarium as well.
Source Fool.com
