Shiba Inu (SHIB) is crashing. Here's why.
Shiba Inu is going through major developments throughout the past few days that the community has been long looking forward to.yesterday, Shiba Inu developers appeared on stage at the Blockchain Futurist Conference in Toronto to announce the launch of the Shibarium mainnet.
The price, however, hasn’t perceived the news positively and is, in turn, crashing during the past 24 hours. But why?– Shiba Inu’s much-anticipated layer 2 blockchain – launched its mainnet yesterday but not without its issues. Data from Shibarium’s blockchain scanner reveals that transactions on the protocol had been stalling for no less than many hours., is also not functioning properly.The underwhelming launch of the much-anticipated Shibarium network might as well be one of the main reasons, if not the main one, for the price’s decline throughout the past 24 hours.Shibarium had been announced for quite a while now, and many were already speculating that yesterday was going to be its official launch date.
Events of this kind, which are highly anticipated and present a considerable shift in the development of a cryptocurrency’s ecosystem, oftentimes turn out to be “sell the news” events.In essence, this entails that investors in the know will bet on an upcoming event, buying when there’s no certainty in anticipation of a considerable increase once the event gets to see the light of day.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SHIB Breaking News: Shiba Inu Taps Leading Investment Firm for Doggy Dao AdvisorSHIB Doggy DAO is decentralized autonomous organization governed by Shiba Inu token holders
Read more »
Shiba Inu (SHIB) Joins BTC and ETH in Voyager's Major Asset Sell-Off on CoinbaseVoyager Digital, once a prominent crypto lender, has initiated a large-scale liquidation on Coinbase
Read more »
Shiba Inu Celebrates Festival of Fire With Hundreds of Millions of SHIB BurnedShiba Inu's most recent surge in burned tokens is great support for price
Read more »
Trillions of Shiba Inu (SHIB) Finally out of Voyager Right Before Shibarium, But Unexpected HappenedMajor Shiba Inu twist emerges right before Shibarium launch after Voyager empties its SHIB holdings
Read more »
Shiba Inu (SHIB) Sees Spike in This Area Amid Broad Sell-offShiba Inu hangs onto its core growth metric that is still green
Read more »
Analyst Forecasts Over 44% Rally for Shiba Inu (SHIB): Find Out the TargetsDespite the ongoing hiccups around Shibarium, leading analyst believes there's still a room for major SHIB rally.
Read more »