Memecoin Is Back In Choice, Shiba Inu Barks At The Moon!

thecekodok

 "Investors are ok, don't go up high, there are many people who are FOMO."


The second largest memecoin Shiba Inu (SHIB) climbed over 20% to $0.00001289 after South Korea's largest crypto exchange company, UpBit listed SHIB against the Korean Won (KRW) and not forgetting the launch of Shibarium Layer-2.


It is understood that the main developer of SHIB, Shytoshi Kusama and his ecosystem that intends to implement SHIB's Layer-2 blockchain in the near future has been the cause of the positive sentiment surrounding the memecoin community.


Shibarium Network's official Twitter account said its team will announce the launch date soon.



While Upbit which listed SHIB on January 18 has allowed users to trade the memecoin in the South Korean currency after adding the GAL/BTC trading pair.


Following Shibarium Layer-2 caused changes in the method of deposit and withdrawal of digital assets, crypto exchangers will support SHIB deposits through the ERC-20 network but deposits made from other networks such as BSC are not supported.


For the record, the price movement of SHIB since the beginning of this year has seen an increase beyond the downward momentum of five months after the memecoin team is constantly trying to develop its ecosystem.


As of this writing, the price of SHIB is hovering in the zone of $0.00001247 with its trading volume jumping almost 150% to $560 million in the last 24 hours while the Shibarium token called BONE advanced 12% to $1.54.

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