While the crypto market is currently in a state of confusion following regulatory scrutiny, updates on upcoming catalysts are still ongoing. Before today, Shiba Inu main developer Shytoshi Kusama provides potential clues about the launch of the Shibarium layer-2 block.
Kusama indicated that the highly anticipated Shiba Inu network could be launched before May. This led to speculation going back to the rumored Shibarium launch on February 14th, the current Valentine’s Day.
Shibarium Launched Before May
The updated guidelines to be released before May were initially announced to members of the Shiba Inu (SHIB) community. A Shiba Inu influencer named Lucie share a picture from the conversation between Kusama and the man. The conversation read, “Maybe they’ll release Shiabrium tomorrow February 14th,” Kusama jokingly replied “Maybe.” And added, “just kidding it will be out before May lol.”
This potential clue is now adding to the excitement in the SHIB community knowing that the much-anticipated catalyst that could significantly move the SHIB price is somewhere in between.
Meanwhile, Kusama has urged society becomes more sympathetic and reading room is one of Shiba Inu developer Kaal Dhairya, recently lost his father. Kusama noted, “How is this? Now, Kaal is crying for his father. Let’s worry first.” He added, “please don’t worry about May, enjoy Valentine’s Day.”
BONE and SHIB Plummet Despite Shibarium Appointed Opening Date
Despite the potential hints given by Kusama, the token supporting the upcoming layer 2 network is still heavily in the red along with other altcoins in the market. Over the past 7 days, Shiba Inu has been in a bearish trend plummeting from a high of $0.00001571 seen earlier this month to a low of $0.00001169 last week.
Though SHIB started the year on a positive note with some bullish moves, the token is currently struggling with the lower ones over the past few days especially after the scary regulatory news that has rocked the general crypto market. Meanwhile, the chart indicates an upcoming bullish move as a double bottom that could lead to an upward reversal is already in sight.
BONE on the other hand is not that different from the new SHIB move. Over the past 7 days, BONE has dropped in value by more than 20%. The token has fallen to $1.3 in the early hours of February 14 after nearly crossing the $2 mark earlier this month.
Looking at BONE’s 1-day chart, the token may be headed for a bullish move as it gets closer to getting all the liquidity it needs at the bottom. At the time of writing, BONE is currently down 1.9% in the last 24 hours at a trading price of $1.36.
Option images from Shuttershock, charts from TradingView.com