📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

Shiba Inu (SHIB) Dev Admits Polygon's Great Help in Shibarium Relaunch

Published 2023-08-28, 08:49 a/m
© Reuters.  Shiba Inu (SHIB) Dev Admits Polygon's Great Help in Shibarium Relaunch
MATIC/USD
-
SHIB/USD
-

U.Today - Top member of the developer team of Kaal Dhairya has taken to Twitter to send his personal thanks to several members of the Polygon (MATIC) team for providing timely help putting Shibarium back up after its fall during the first attempt to launch it.

In particular, he sent lavish thanks to Sandeep Nailwal (Polygon cofounder), Jaynti Kanani (the other co-founder) and krishna.polygon, a member of the core protocol team of the Polygon chain.

"This friendSHIB is forever," Kaal Dhairya tweeted.

In an earlier tweet, the developer announced the relaunch of the Shibarium mainnet, urging users now to "handle it with love and care." Dhairya likened the newly launched Shibarium to a "new born baby" who almost went crazy with "so many excited family members coming to greet him."

Earlier today, the lead developer of Shiba Inu, known to the community under the pseudonym Shytoshi Kusama, released a fresh blog post to tell the SHIB army about Shibarium's second launch.

Kusama also stated that once the Layer 2 solution collapsed under an inflow of traffic at the first launch, he phoned a cofounder of Polygon, Sandeep, and asked him for help. The result was that without a second thought "he helped provide additional resources to ensure a perfect outcome to the situation." Here, Kusama once again stated that forking Shibarium off Polygon was a good decision.

Aside from him, Kusama thanked some members of the Unification Fund team, the Shiba Inu team and a few others, whose aliases and names he mentioned but did not identify what blockchains they work for exactly. But he stressed Polygon's help as the most significant.

Now, according to Shytoshi, Shibarium boasts more than 350,000 transactions and over 65,000 connected wallets with "a variety of fun, unusual, and sometimes offensive tokens" created on Shibarium, along with platforms deployed on it.

However, the seemingly successful has not helped the SHIB price to go to the moon yet. SHIB keeps going down, trading at $0.000008022 so far, per CoinMarketCap. SHIB token has been pushed back to the 16th spot by market capitalization value.

A marketing expert of the Shiba Inu team, , explaining why she believes SHIB's price is not mooning as yet: it is moving along with market waves, just like the rest of the crypto. She suggested that the SHIB army hold on to a long-term investment strategy since it usually works better than a short-term one.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.