Shiba Inu Lead Developer Says Much-Awaited Shibarium To Launch In August, BONE Spikes 5%
Portfolio Pulse from Mehab Qureshi
Shiba Inu's lead developer, Shytoshi Kusama, has announced the launch of Shibarium, a layer 2 blockchain solution, in August. Shibarium aims to address scalability issues and reduce transaction fees. The launch will coincide with the release of the 'World paper', a comprehensive guide to the SHIB ecosystem, and the launch of DoggyDAO, a funding mechanism for blockchain projects. The news comes as the Shibarium testnet crossed 25 million transactions. Meanwhile, SHIB's price fell by 5.08%, while BONE rose by 4.98%.
July 07, 2023 | 10:09 am
News sentiment analysis
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NEGATIVE IMPACT
Despite the announcement of the Shibarium launch, SHIB's price fell by 5.08%.
Despite the positive news of the Shibarium launch, SHIB's price fell, possibly due to broader market trends or investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
BONE's price rose by 4.98% following the announcement of the Shibarium launch.
The announcement of the Shibarium launch, which is expected to improve scalability and reduce transaction fees, has likely boosted investor confidence in BONE, leading to a price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75