a month ago 1 min read

Shiba Inu Altcoins Soar as Crypto Project Indicates When the Ethereum Scaling Platform Will Launch

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As developers get ready to launch the eagerly awaited layer-2 network known as Shibarium, a pair of altcoins connected to Shiba Inus are surging.

The new network is intended to be comparable to Polygon (MATIC), enabling developers a quick and scalable platform to build on while providing traders with low-cost access to new projects and tokens.

Two Ethereum-based cryptocurrencies that are currently a part of the Shiba Inu ecosystem are experiencing some significant price changes while developers work on Shibarium.

The first alternative coin, Bone ShibaSwap (BONE), will serve as the network's governance token and is used to pay gas fees.

BONE's price has increased 27% from a low of $1.27 on February 14 to its current level of $1.62.

As this was happening, Doge Killer (LEASH) shot up 69% from its Valentine's Day low of $379 to $652.

The cryptocurrency asset was initially intended to be used as a means of rewarding devoted participants in the Shiba Inu (SHIB) ecosystem.

Yet, since LEASH's debut in May 2021, its potential use has grown more enigmatic.

Shibarium's release date has not yet been set in stone by the developers.

Shytoshi Kusama, a developer going by the pseudonym, suggested recently on Twitter that a beta version might debut the following week.

Additionally, he has guaranteed that it will come far before its projected May release.

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