In anticipation of Shibarium, the Shiba Inu crypto community has launched the new social network ShibArmy.VIP, which will allow members to follow everything about SHIB.
Shiba Inu: crypto community moves forward and launches the social network ShibArmy.VIP
Apparently, while Shytoshi Kusama had explicitly said that the launch of Shibarium is on hold until the Christmas holidays pass, one member of the Shiba Inu community has not been able to sit still.
SHIB Dream, that’s what he calls himself, is a member who has launched the new social network ShibArmy.VIP, thereby allowing users registered on the website to follow prominent members of the SHIB community, follow hashtags, and even search for job opportunities.
Sever upgrades were successful. Registration for https://t.co/6RARbODtQw is once again open. Thank you everyone for your patience.
— Shib Dream * Shiba Inu News * Shib Army Social 💎 (@theshibdream) January 3, 2023
SHIB Dream also revealed that Android and iOS apps will arrive as early as January 2023.
In the meantime, SHIB is not responding with price rises – quite the contrary, its bearish trend has continued over the past month, just like its rival Dogecoin (DOGE). At the time of writing, SHIB is in 16th place by market capitalization, priced at $0.000008262.
Shiba Inu and the rival BONK: the dog crypto based on Solana Blockchain
Over the past month, while Shiba Inu’s trend has been similar to Dogecoin’s, it does not appear to be so with its new rival: BONK.
The new dog crypto based on Solana Blockchain was launched in late December with a large-scale airdrop and free tokens being sent to the wallets of a wide range of Solana developers and NFT collectors, seems to be taking off.
Indeed, at the time of writing, BONK is worth $0.000001396, up sharply from $0.0000001915 on New Year’s Eve. Indeed, yesterday alone, BONK recorded a price pump of +58%.
BONK is backed by a number of developers who have joined LamportDAO, a hub for Solana builders, as well as NFT owners of projects such as DeGods and Famous Fox Federation.
According to its website, it appears that a total of 100 trillion BONK tokens have been minted and that 50% of the total offering has been distributed to developers, NFT owners, creators and artists, while a portion of the remaining offering has been locked into acquisition contracts for BONK contributors.
Not only that, the success BONK is having also somewhat reflects its core blockchain, Solana, which appears to have started 2023 with a nice uptick. Solana co-founder Raj Gokal shares the new results on Twitter.
good start to 2023 https://t.co/MX47teY6LC
— raj (@rajgokal) January 2, 2023
And indeed, over the past month, from a low of $8.28 touched on 29 December, SOL has now returned to nearly $14, the same figure as last month, thus resisting the general crypto bearish trend.
Shibarium: the solution to downsizing the blockchain
Returning to the SHIB world, what the community has been waiting for is the launch of Shibarium, a new blockchain scaling solution that intends to address the low transaction speed of the host chain of Shiba Inu: Ethereum (ETH).
Shibarium will use BONE, a governance token developed by Shiba Inu for gas fees.
Meanwhile, Shiba Inu continues to burn SHIB tokens to increase the value of Shiba.
As Shibburn reports on Twitter, well over 83 billion SHIB were burned in 2022 alone, with only 6,395 transactions.