- Reportedly, the release of the beta version of Shiberium could happen this week.
- The Shiba Inu could potentially experience an on-demand reboot as the hype takes off.
Shiba Inu (SHIB) could face another demand shock and it has a lot to do with the release of Shiberium beta this week.
Hype around the highly anticipated event is starting to build following expectations. shiberia It will be released this week.
Reading Shiba Inu (SHIB) Price Prediction 2023-2024
The high expectations within the Shiba Inu community are based on several factors. News related to SHIB and Shiberium was recently reported by one of the top executives, with lead developer Shitoshi indicating that the release will take place this week.
Until #SHIB community, Shiotoshi just said that #siberium Beta should be live next week!!!!! KAL IS BACK IN ACTION!!!!!!!!!!!!!!!! #sheeba #shibarmi
– Yourpop (@Yourpop8) February 18, 2023
Additionally, Shitoshi has recently disabled messaging on the official Shiberium Telegram channel. He also noted that the messages would be reactivated once all the Shiberium documents were ready.
While nothing else was revealed, these actions paved the way for speculation that the decision was a move to remove noise and misinformation ahead of the official launch of the L2 network beta.
💥💥 Breaking 💥💥 Padlocks by Shiotoshi Kusama #siberium Telegram to send more messages until all the documents are exhausted! $shib #sheeba #Shiba Inu pic.twitter.com/OPiG4M05J2
– 𝐋𝖆𝖉𝖞 🔥 𝐂𝖗𝖞𝖕𝖙𝖔 (@ShibArmy_4Life) February 16, 2023
Understanding the growing hype and potential impact
The hyped event could potentially fuel the next bullish wave for SHIB. The latest data from WhaleStats has already confirmed that SHIB was the third most used smart contract among the top 2000 ETH whales in the last 24 hours.
🏆 The 2000 most used smart contracts for the largest #ETH whale today
🥇 $ dollars
🥉 $ usd
4️⃣ $shib @shibtoken
5️⃣ $link @link of the chain
6️⃣ $CRV @curvefinance
7️⃣ $ come @AaveAave
8️⃣ $cvx @convexfinance
9️⃣ $hft @hashflow
🔟 $uni @Uniswap pic.twitter.com/p5L8bSwkcc
– WhaleStats (crypto whale tracking) (@WhaleStats) February 19, 2023
SHIB may attract more demand if the Shiberium beta releases this week.
This could propel SHIB into its next bullish wave. the bulls are fighting Take control from the first week of February after the conclusion of the strong rally observed at the beginning of the year.
SHIB 50-day MA has just been recorded golden cross A few days ago, adding a moment that could support a strong rally.
Meanwhile, the metrics revealed some bearish expectations. In particular, on-exchange supply has fallen by a wide margin over the past four weeks, while off-exchange supply has seen net gains over the same period.
As far as current sentiment is concerned, we have seen a significant drop in weighted sentiment over the past few days.
This coincides with an increase in selling pressure over the past week, suggesting that the market is generally bearish.
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Expect a pivot and opposite outcome in FX-weighted sentiment over the next few days.
In other words, a higher output stream is expected if Shiberium activates the release stream. quick demand.
The overwhelming consensus is that the shibary will add more utility to the Shiba Inu ecosystem and therefore more biological demand. However, it is still in the realm of fantasy as the release is still a few days away.