Shiba Inu enthusiasts have been eagerly anticipating the release of the Shibarium mainnet, and exciting news has emerged.
A team member from the SHIB developer team, going by the name Shibarium1, recently revealed that the launch of the Shibarium mainnet is being expedited. This notice, made on May 23, was shared by Lucie, the official content marketing specialist of the Shiba Inu (SHIB) ecological system, on Twitter.
To delve deeper into the latest updates surrounding SHIB’s development, Finbold sought insights from Price Predictions, a renowned digital currency analytics and prediction platform that leverages advanced machine learning algorithms.
As we approach the midpoint of the year, the platform’s data signifies that SHIB is expected to reach $0.00000854 by June 1, 2023. Despite the fact that 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 relies on numerous technical analysis (TA) indicators, such as moving average (MA), relative strength index (RSI), moving average intersection divergence (MACD), average true range (ATR), and Bollinger Bands (BB), which all play an important role in the platform’s forecasting methodology.
SHIB price analysis
As of now, the present trading price of Shiba Inu (SHIB) stands at $0.00000864, down over 3 percent in the last 24 hours.
Technical analysis implies that there is a level of support at $0.00000831, which signifies a price point where buying pressure could potentially increase, leading to a potential price rebound.
On the other hand, there is a resistance level at $0.00000918, which represents a price level where selling pressure can potentially intensify, potentially hindering further upward movement.
Expected SHIB launch date
As a result to the expectations of Shiba Inu (SHIB) users regarding the launch of Shibarium, Shytoshi Kusama, the pseudonymous leader of the SHIB development team, addressed the challenge on Telegram.
Kusama made it clear that his previous statement about launching Shibarium before May had been taken out of context, leading him to refrain from supplying specific dates. Nonetheless, he assured the community that the team was actively working on the project, stating that they were “in go mode” and would provide updates soon, as mentioned in one of his tweets.
In the meantime, Lucie shared insights from developer Shibarium1, who suggested that the Shibarium launch could potentially take place in August. This estimate differed from Shytoshi Kusama’s earlier mention of a possible launch in July. Lucie, seeing as the numerous teams involved in the Shibarium launch and the integration of artificial intelligence, expressed her belief that the release is very likely occur in the third quarter of this year.
It remains to be seen how the introduction of Shibarium and its associated developments will influence the price dynamics of SHIB and other related crypto tokens, given the evolving dynamics within the Meme Coin crypto token sector and the boost of Pepe.
Disclaimer: The content on this site should not be considered financing advice. Investing is speculative. And once investing, your financial resources is at risk.
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