The global crypto market cap is $ with a 24-hour volume of $. The price of Bitcoin is $16,635.38 and BTC market dominance is %. The price of Ethereum is $1,200.86 and ETH market dominance is %. The best performing cryptoasset sector is Media, which gained 26%.
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Speculation mounts over Shytoshi’s reveal, which may relate to the roll out of Ethereum Layer-2 solution Shibarium.
Cover art/illustration via CryptoSlate
Twitter user @ShibaInuHodler drew speculation over a message posted by Shiba Inu Lead Developer Shytoshi Kusama in January 2022.
“Shytoshi is hinting at something for the #SHIB community!!! New Partnership incoming?! #shibarium?”
Shytoshi’s somewhat cryptic message mentioned a discussion with his mentor and the agreement that by the end of 2022, “it will become impossible for me to remain invisible.”
He closed by saying that once revealed, “then the real fun begins.”
Taken literally, it appears Shytoshi will reveal his identity. However, divulging identity does not fit with expectations, causing observers to read between the lines.
On Christmas Eve, Shytoshi said Shibarium “will come very soon*,” while hinting that it may be released shortly after the New Year.
Shibarium is an Ethereum Layer-2 scaling solution and a critical step towards evolving Shiba Inu into more than a memecoin. This includes the release of the SHI stablecoin pegged to $0.01 and functionality to host Metaverse and gaming applications.
Recent Shiba Inu Ecosystem blog posts have covered multiple articles on SHIB The Metaverse, specifically on concept art reveals of various locations within the virtual world.
Year-to-date losses for the SHIB token come in at 76%, which is similar to the drawdowns seen with Bitcoin and Ethereum.
In May, anonymous Shiba Inu founder Ryoshi deleted all his social media and article posts, sparking concern over the project’s future. He made no public statements on the matter, and his Twitter remains inactive.
In response to Ryoshi seemingly abandoning Shiba Inu, lead developer Shytoshi posted a reaction on Medium sharing his thoughts.
In the post, Shytoshi said he had no information on Ryoshi’s disappearance. However, in a bid to steady concerns, he confirmed taking over the project and fulfilling “Ryoshi’s Vision,” which consists of “Shib, Leash, Bone, Treat, ShibaSwap, Shi, Shibarium,” and establishing Shib meetups and eventually a Shibacon.
Samuel is a strong believer in individual autonomy and personal freedom. He is a relative newcomer to the world of cryptocurrency, having first bought Bitcoin in early 2017, but keen to make up for the lost time.
Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.
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Shiba Inu (SHIB) is a decentralized meme token that aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. According to SHIBA INU, the reasoning behind the creation of SHIBA is that Shibas constantly forget where they bury their treasure. Learn more
Ethereum is the community-run technology powering the cryptocurrency ether (ETH) and thousands of decentralized applications. Learn More
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