• SHIBA Inu creator, Shytoshi Kusama, recently dropped a hint regarding the launch date of Shibarium.
• The community is divided on speculations about the network’s availability and SHIB’s value has been in steady decline since reaching its peak.
• Analysts are uncertain of how SHIB price will react to the launch of Shibarium.
Shytoshi Kusama Hints At Launch Date Of Shibarium
SHIBA Inu’s creator, Shytoshi Kusama, recently dropped another enigmatic hint regarding the launch date for their Layer-2 blockchain, Shibarium. A screenshot shared by a member of the SHIB army shows that components of the network would begin to emerge before May. However, with no exact date announced yet, investors remain dissatisfied with Kusama’s ambiguous hints while still eagerly awaiting its release.
SHIB Price Experiencing Steady Decline
Since reaching its peak at $0.0000157 on February 4th, SHIB’s value has been in steady decline and is currently just above $0.0000120 – an area that has provided support and opposition over the last six months. The daily RSI is around 50 indicating no clear trend and analysts remain uncertain as to how it will respond when Shibarium launches eventually.
Divided Interpretations Among Enthusiasts
Kusama mentioned that releasing Shibarium is not a simple switch and therefore cannot have an exact date – leaving fans divided among various interpretations about its availability leading up to its launch.
Positive & Negative Divergences Prior To Price Drop
Prior to dropping below $0.0000157, a negative divergence was forming in the daily RSI suggesting further declines were likely ahead for SHIB’s price action which appears to be playing out accordingly now given current market conditions..
Will Shibarium Push Prices Up?
The Shiba Inu community awaits anxiously for details regarding the official release date of Shibarium and whether or not this event could push prices back up significantly or if it will lead to further declines in value remains unknown at this point in time given current market conditions and investor sentiment surrounding this meme currency asset class within cryptocurrency marketscape