In some exciting news, the Shiba Inu community is abuzz with anticipation after Shibarium, the core layer-2 network, successfully completed its very first hard fork. This move aims to improve token burns and introduce a new system that can burn multiple tokens simultaneously. Additionally, there’s optimism in the SHIB community about the token’s price potentially reaching $0.01.
The Discord Announcement
During a recent Discord update, DaVinci shared the news about Shibarium’s hard fork, sparking excitement within the Shiba Inu (SHIB) community and marking a significant moment for this crypto ecosystem. The hard fork was set to start at block height 1962000, and, while likely completed, the team is yet to give an official update.
Recent Price Movements
Following the fork, ShibaSwap Bone (BONE) experienced a 0.8% increase in the last 24 hours and a notable 24.7% surge over the week. On the other hand, Shiba Inu (SHIB) had a 4% dip in the daily charts but maintained a 16.2% gain over the week and a respectable 13% increase over the past month. Some in the community have raised questions about sacrificing governance power by burning BONE tokens.
Chasing the $0.01 Dream
The SHIB community has long yearned for the token’s price to hit $0.01, and the new burn mechanism introduced through the hard fork has brought a fresh wave of optimism. Lead developer Shytoshi Kusama emphasizes the need for more demand and potential for increased adoption with more applications launching on Shibarium. Burning a significant portion of SHIB tokens could be a crucial step toward making the dream of reaching one cent more achievable. Shibarium’s hard fork is setting the stage for a transformative journey in the crypto world, where innovation meets aspiration.
Hot Take
The completion of Shibarium’s hard fork marks an exciting moment for the Shiba Inu community, with the potential for significant positive developments in the future. As the community eagerly awaits updates and anticipates the impact of the hard fork on token prices, the path to reaching $0.01 seems closer than ever before. With increased optimism and potential for growth, this hard fork may pave the way for a transformative journey in the crypto world.
Cino Gaperi stands out as a prominent crypto analyst, accomplished researcher, and adept editor, making significant contributions to the field of cryptocurrency. With a strong background in crypto analysis and research, Cino’s insights delve deep into the intricate aspects of digital assets, appealing to a diverse audience. His keen analytical skills are complemented by his editorial proficiency, allowing him to distill complex crypto information into easily digestible content.