this might be the biggest chibi unicorn upgrade in your entire life she explained the shiv ecosystem grows as shibarium could solve some key issues of the sheep projects already announced the shibarium layer 2 has perhaps garnered the most attention from the Shiva Community today we're going to talk all about why shibarium will send Shiba inucoin to the Moon welcome to Shiba inucoin your daily dose of Shiva if you are interested in everything around Shiba this is the place for you subscribe if you want to stay updated with all the Sheep news predictions and stay one step ahead in the crypto World make sure to hit the like button for us to provide you with more sheep news don't forget to enable all notifications to join our weekly cash giveaway pinned in the comments before we get to our topic let's take a look at the chart and see what the price of Sheba is doing on the 11th of October shall we despite showing some great price movement recently the price of sheep on the weekly chart failed to break above the key resistance of 11710 millionths of a dollar as the price was rejected and continued to fall as the current price of BTC influences she prices the price of Shiva retraced to a region of 107 10 millionths of a dollar as the price could be headed to the next support for sheep the price of sheep needed to hold above the support at one one hundred thousandth of a dollar to eight millionths of a dollar in the daily time frame the price of sheep continues to trade below key resistance as the price attempts hold the sell-off of prices to a region of one one hundred thousandths of a dollar the price of sheep showed strength rallying from a low of 750 10 millionths of a dollar attempting to break above a descending triangle but facing rejection as the price was pushed below the 8 and 20-day exponential moving average the price of one thousand one hundred thirteen hundred millions of a dollar corresponds to the prices at 8 and 20 EMA for sheb on The Daily time frame if the price of she breaks below 1 100 000 of a dollar we could see the price retesting 750 hundred millionths of a dollar as the next support acting as a key demand Zone for prices now let's get back to the topic with the shiba inu ecosystem continuing to grow through its expansive sheep roadmap projects such as shiv the metaverse and the shiba inu game will also add to an already extensive network however for several other projects in the works they will all rely on shibarium now let's have a look at everything we know about the layer 2 and what it can offer to the Sheep Army what is shibarium shibarium is a blockchain layer 2 solution first proposed by rayoshi the creator of Shiba Inu coin once it launches sheep tokens will be migrated to the L2 ryoshi initially used the phrase blockchain shibarium is more likely to be an L2 that sits on top of an already existing ethereum blockchain the Sheep Creator said in his now deleted blog post the line between an L2 and owned blockchain is thin I mean what is the difference really between Matic L2 and BSC it's worth noting here that shibarium is not its own blockchain nor does it mean there is a Shiba Inu 2.0 token coming Shiba Inu will remain connected to ethereum one of the primary goals will be to lower transaction fees for those in the chibi ecosystem in a blog post by its developers unification said transactions would be approved in seconds for pennies ryoshi first said that shibiram's transaction fees will be minimal or even zero speaking on the Sheba Discord shaitoshi kusama the Sheba Project Lead said shibarium will offer low fees for every service game or whatever that builds On It high gas fees is one of the most pressing issues faced by ethereum given shiba's Reliance on the ethereum network it suffered from some Hefty gas prices when the shiboshi nfts launched shaitoshi even touted the advantages of the L2 on Twitter following backlash to the shiboshi release as with other projects the layer 2 will feature some kind of sheep burning mechanics to burn sheep it could also act as a bridge for other ecosystems according to one shibarim's sneak peak external developers will also get the chance to develop on top of the L2 pretty soon via the shibarim hackathon this event according to shaitoshi will grant successful teams funds to build on shibarium Shiba em release date we don't have any official release date for shibarim just yet but it could launch in late 2022 shibarium developers unification have confirmed that the shibarian public beta will launch in Q3 2022 this is between July and September 2022 this comes after unification previously said shibarium was in Alpha however comments from members of the shiba inu team may have tempered these expectations after rejecting comments that shibarian would launch on September 30th it seems sheep has distanced themselves from the comments made by unification regarding a public beta in Q3 2022 several members of the sheep team have reiterated that no date for shibarim has been announced however the unification blog shared in text on the official announcement channel in the Sheep Discord does say Q3 2022 for a beta we'll need to wait to see what happens here elsewhere in late April Shiba Lee chaitoshi kusama said shibarium is coming very soon shaitoshi also said that shibarim documentation likely in the form of a new blog post should also come out soon during the shiba inu AMA Discord mod Queenie tempered release date expectations by affirming the project doesn't do them to avoid disappointing people however she then said she expects the layer 2 to launch in 2022 this matches up with previous comments on its release date in September 2021 shatoshi described shibarim as in the mid-stage the Sheba team confirmed the layer 2 remains on track for a 2022 release in a March blog post as well developer Eric M also said it will launch faster than ethereum 2.0 which is still expected to launch in 2022 although the ethereum merge date is in September however with so many projects on the go such dates may change depending on priorities and development progress as shaitoshi said in the Discord on January 20th the game is moving well shibarium she all moving forward just takes time juggling so much will shibarium use shib while sheb and Leash tokens currently have more utility in Shiba swap neither of these will be the primary pair token for shibarium instead it will be bone ryoshi explained the reasoning stating bone will have a fair and 0 a start in which we will not have to be concerned about overarching weld bags of course sheb and Leash holders earned bone when Sheba swab first launched meaning there are likely a hefty number of bone whales out there according to unification's preview shibarium users will also be able to earn bone via shivarium to allocate this bone the shiba inu Dao voted to Halt bone minting for Shiba swap instead the decks will soon use the new treat token as a reward bone minting halted in September after it hit 230 million tokens despite ryoshi's original Vision including bone some users expressed frustration when the December sheb AMA reconfirmed Bone's role in the L2 that's all for today also we would like to mention that this is not a channel intended specifically to provide Financial advice and we do not ask you to invest in any company this is merely a channel directed towards bringing educational content to your doorsteps with that in mind before you invest in anything we recommend you do thorough wide spectrum research on the topic we hope you like this video let us know in the comments below if you're a Shiba holder and make sure to subscribe and give us a thumbs up see you next time at Shiba in unicorn bye thank you foreign
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