Shiba Inu, the popular dog meme-inspired token, has continued to gain popularity, recording more than 1.3 million unique addresses on its network in the last week. Data retrieved from CoinMarketCap revealed that the total number of unique addresses that hold assets in the network stood at 1,305,553 on February 16. This marks an increase of over 55,000 addresses from its lowest number of unique addresses in the last three months.
Rise in Interest for Shiba Inu Attributable to Upcoming Shibarium Launch
The rise in interest in the SHIB token can be attributed to the launch of the beta version of Shibarium, which has been highly anticipated by investors. The creator of the Shiba Inu, Ryoshi, came up with the idea for the Shibarium blockchain or layer 2 solutions, and the token is expected to transition to L2 after the launch.
Shytoshi Kusama, the primary developer of Shiba Inu, announced on February 14 that the Shibarium project is now ready to be launched. As a first step, he is going to write a medium post with the intention of sharing the project with the rest of the world.
The launch of Shibarium has been greatly anticipated, and many investors see this as a major milestone in the development of the Shiba Inu project. This has led to a surge in the number of investors holding SHIB, with many bullish on the token’s future.
The SHIB token has been referred to as a potential “DOGE killer” due to its similarities with the popular Dogecoin token. Shiba Inu has also been touted as a potential investment opportunity by crypto experts, who see the token as having significant upside potential.
With the launch of Shibarium, investors are eagerly awaiting the token’s transition to L2, which is expected to improve the token’s scalability and speed, making it more attractive to investors. The growth in the number of unique addresses holding the SHIB token is expected to continue in the coming weeks and months, as more investors become aware of the potential of the Shiba Inu project.
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