The launch of Shibarium layer two mainnet is expected to boost the adoption of Shiba Inu, LEASH, and BONE tokens. Shiba Inu has gained significant recognition in the meme coin frenzy, with a market capitalization second only to Dogecoin.

Shiba Inu (SHIB) developer Shibarium1 has highlighted the strong community behind SHIB as a major advantage over Dogecoin (DOGE). Shibarium1 also noted SHIB's burning mechanism as another advantage, as opposed to DOGE's continuous minting of new tokens. The Shiba Inu community sees DOGE as its closest rival, with SHIB overtaking DOGE in market cap in October 2021. Shiba Inu has also unveiled several utilities for the token, including its own decentralized exchange, non-fungible tokens, and a Metaverse project.

Ragnar, an admin of Shibarium and a prominent member of the Shiba Inu community, has provided an update on the progress of ShibaSwap 2.0, the upgraded version of the SHIB DEX. The Shiba Inu development team is currently working on the new version of ShibaSwap, which will require a new security audit from CertiK before its rollout. Ragnar has urged the community to wait for the new audit, which will help silence critics and naysayers. The upgraded version of ShibaSwap will feature new and improved designs, as well as a crypto portal for charts, news, trends, and stats.

Fashion designer John Richmond has unveiled a new line of eccentric hoodies exclusively for the Shiba Inu community, demonstrating his support for the cryptocurrency and its enthusiasts. The hoodie line pays homage to Richmond's avant-garde style and encourages embracing the extraordinary and unconventional. The line will be incorporated into Richmond's LegendsLiveForever collection and will also be available in the virtual world of SHIB: The Metaverse, launching in Q4 2023. Richmond's partnership with Shiba Inu has resulted in several initiatives, including the showcasing of Shiba Inu-themed sporting apparel at the Pitti Immagine Uomo event in Florence.

CertiK, a blockchain security platform, has announced an AMA session for Shiba Inu, a canine-themed cryptocurrency, following reports of its security score downgrade. The session, titled “Shibarium Layer 2, Tokenomics, Security, and More,” is scheduled for today at 1 PM (UTC) and will take place on the official CertiK Discord channel. During the AMA, CertiK intends to share significant updates regarding Shiba Inu, including its current security status. The Shiba Inu community has shown enthusiasm toward the upcoming AMA, hoping to gain valuable insights and clarification regarding the factors that led to Shiba Inu’s downgrade from its esteemed AAA status.

In the past 24 hours, over 1.24 billion Shiba Inu (SHIB) tokens were burned, with 1.23 billion of them burned by a single wallet. This was achieved through three transactions, with Blaze Token executing the largest burn of the day. This brings Blaze Token's total number of burned SHIB to 7.95 billion. The burn rate of SHIB has increased by 2344.56% over the past day due to this massive burn transaction. Additionally, Shiba Inu has secured listings on two major exchanges.

The Shiba Inu community has increased its token-burning mechanism, with 50.18 million SHIB tokens destroyed in the past 24 hours. This represents an 8,627% surge in the SHIB burn rate compared to the previous day. The burning process was completed through two transfers, with the community moving about 3.09 billion SHIB tokens to the dead wallet within the past week. Additionally, the layer 2 solution network of Shiba Inu, Shibarium, has made progress in its beta-test phase, with a token-burning mechanism that automatically converts locked tokens to SHIB coins and transfers them to the protocol’s dead wallet.

Shibarium has revealed a preview of its burn mechanism, which has generated excitement within the Shiba Inu community. The burn mechanism will allow users to burn BONE once the amount of Bone ready to be burned exceeds 10 BONE.

Google's Bard AI has suggested that it is possible for Shiba Inu to reach a value of $0.01, but this would require a significant increase in demand and a decrease in supply. The extensive supply of Shiba Inu needs to be reduced for the asset to witness significant price surges. However, there are a few factors that could contribute to an increase in demand for Shiba Inu, such as the cryptocurrency becoming more widely accepted as a form of payment and the integration of Shiba Inu with BitPay, Binance Pay, and Binance Card. Achieving $0.01 would signify an astounding 116,913% surge in value, but SHIB's chances of success rely heavily on a substantial reduction in supply, as well as increased demand and utility.

The Shiba Inu Community has burned over 3.05 billion SHIB in the past week, marking a 75% increase in the burn rate compared to the previous week. The burn was achieved through eight individual transactions, with Blaze Token and a mysterious wallet emerging as the top burners of the week. Blaze Token set fire to a record-breaking 3 billion SHIB in a single transaction, while the mysterious wallet sent 18.23 million to the dead wallet. This latest development brings the total amount of SHIB burned from circulation forever to 410.64 billion, leaving the current total supply at 589.35 trillion.

Shiba Inu's Shibarium beta has reached a new milestone with over 10 million transactions processed on the network. The Shiba Inu network and its native token Shib are also experiencing increased adoption and integration. Despite repeated teasing of the release of Shibarium, anticipation for the Shiba Inu Layer 2 protocol remains high among key players in the ecosystem.

Meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) gained popularity for their explosive price gains and volatile trading, but have since taken a back seat in the new meme coin frenzy. Many crypto watchers and investors are wondering whether these two coins will go up or down.

Brazilian crypto enthusiasts now have the opportunity to trade and invest in Shiba Inu (SHIB) as Digitra.com, a leading digital asset trading platform, has listed it among its tradable tokens. This move is expected to increase the customer base of Digitra.com, which has quickly established itself as a leading player in the digital asset exchange industry. SHIB, often called the “Dogecoin Killer,” has gained immense popularity in the crypto community due to its viral marketing campaign and dedicated online community. Digitra.com has also launched an exciting giveaway contest to mark the occasion, which is open to all verified account holders of the platform.

Experts predict that DigiToads (TOADS), a newcomer in the meme coin industry, will outperform top crypto coins like Dogecoin (DOGE) due to its practical features and growing social media popularity. Despite fluctuating market conditions, DigiToads has remained a steady cryptocurrency to buy in 2023 for its early investors in the ongoing presale phase. DigiToads aims to be one of the largest meme tokens and P2E tokens among popular projects such as Shiba Inu, Dogelon Mars, The Sandbox, and Axie Infinity. With its fast-selling TOADS token and practical utilities, DigiToads promises stable market growth and demand among crypto experts even in a fluctuating crypto market.

Investing in cryptocurrency can be unpredictable, but there are currently three projects with high potential for growth. Dogecoin, Tradecurve, and Shiba Inu are expected to see exponential price increases in 2023, with Dogecoin and Shiba Inu currently selling at lower prices, making them a bargain for investors. Despite a recent 20% price drop, Dogecoin has seen an increase in transactions and is expected to rally in May. Shiba Inu has also seen a decrease in value but has dedicated holders who are burning tokens and working on new projects, making it a good investment opportunity. Additionally, Tradecurve is an innovative hybrid exchange with a presale that is already being compared to the ICO of Binance, offering benefits to token holders and a comprehensive trading experience.

The Shiba Inu (SHIB) price has reached the support line of a long-term pattern, which will determine its future trend. If the price breaks down, a new bearish trend will begin, but if it bounces, it will increase to the triangle's resistance line. The daily analysis shows that the price of the Shiba Inu coin has been trading within a symmetrical triangle since June 2022. The RSI is currently below 50 and declining, but it has also entered oversold territory, which could lead to a potential upward movement in the near future. A breakout from the descending channel is likely to trigger an upward price movement toward the resistance line of the long-term triangle.

Pepe coin (PEPE) has seen a decrease in trading volume, which could indicate a shift in investor interest. Memecoins like PEPE are considered risky due to their high volatility, so caution is advised.

Despite recent events in the world of cryptocurrency, meme coins like Dogecoin and Shiba Inu continue to outperform even the biggest cryptocurrencies on the market. Meanwhile, newcomer DogeMiyagi is set to bring the age of meme coins back with its exciting and lucrative features.

The SHIB ecosystem's official Twitter account has announced that the Shiba Inu cold wallets will be available for pre-order by May 29. Developed in collaboration with Tangem, a Swiss-based cryptocurrency hardware wallet manufacturer, the wallet can store and manage Shiba Inu tokens and other crypto-assets. It can support up to 6,000 currencies, including fiat and digital assets, and is highly secure and durable, functioning without external batteries or cables. For those interested in investing in the latest crypto presale projects, our updated list includes the popular SHIB shiba inu token. We've also compiled a list of the top crypto Telegram channels to keep you informed on the latest news and trends in the industry. Stay ahead of the game with our comprehensive resources.

Shiba Inu, the popular meme coin project, has announced plans to launch four metaverse hubs in 2023. The Shiba Inu marketing team member, Lucie Sasnikova, shared the news on Twitter, revealing that the team behind "Shib: The Metaverse" is progressing significantly in developing their metaverse project. The four metaverse hubs that will be unveiled are the Rocket Pond, WAGMI Temple, Tech Trench, and Ryo Plaza, each designed to provide Shiba Inu enthusiasts with immersive experiences and engaging activities within the metaverse. The team strongly believes it will realize a partial opening of the metaverse before the year's end.