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HomeCryptoShiba Inu reacts to concerns raised within the community about Shiberium money...

Shiba Inu reacts to concerns raised within the community about Shiberium money moguls


  • SHIB and BONE tokens have declined significantly in the last 24 hours of March 16.
  • However, the supply on the Shiba Inu (SHIB) exchanges remained stable.

shiberia After a long wait for the release of the Shiba team, the public testnet finally went live a few days ago.

The community was excited and their SHIBA and BONE tokens caught the enthusiasm of the community. However, the SHIB and BONE tokens seemed to be responding to what appeared to be turbulence in Shiberium Paradise.

Reading Shiba Inu (SHIB) Price Prediction 2023-24

Shiberium layer over another layer?

On March 16, a prominent member of Shiba Inu The community drew attention to several issues with the Shiberium Layer 2 public testnet, which led to the dismissal of the project officer. dispute page.

A concerned community member pointed out that the Shiberium id chain was already in use by another blockchain. He went on to say that it seems that the Shiberium testnet took the Rinia testnet’s genesis file and renamed itself Shiberium, but forgot to change the chain id.

Sure enough, the post garnered a lot of attention, judging by the response from Shiba Inu lead developer Shiotoshi Kusama.

Shiotoshi’s statement did nothing to ease the rising tensions as it failed to address the heart of the matter. As a result, the Shiva AND Bone The coin had a downward trend in the last 24 hours.

current price trend of shiba inu and bone

By March 15, Shiba Inu (SHIB) was on the rise. SHIB lost 7.45% of its value until the market close on March 15.

As of this writing, it was down more than 1%. The Relative Strength Index (RSI) was above 40 due to excellent price action, but is now down due to a loss of more than 7%. Lastly, the position of the RSI suggested that it was still in the downtrend that had been going on for some time.

Source: TradingView

A look at Bone’s daily time frame chart suggested that he has been hit harder than average.

As of this writing, its price has fallen more than 13% to around $1.2. When the market closed on March 15, it had fallen 6.67%, bringing its 24-hour loss to more than 11%.

Due to its decline, at press time, the RSI line has also moved lower and is approaching the oversold zone.

market capitalization of Bone Lost more than 17% in the last 24 hours, while volume increased more than 200%, as reported coin market cap.

Source: TradingView

Shiba Inu FUD?

The price of Shiba Inu (SHIB) is decreasing, but so far there is no FUD in development. Sentiment data showed that supply on exchanges was flat, indicating no appreciable inflows to exchanges. At the time of writing, the supply exchange metric stood at approximately 132.5 trillion.

Source: Feeling

How much they cost 1,10,100 SHIB Price Today

Shiotoshi Kusama may have to provide more details on the status of the Testnet ID in the coming days. The lack of it can damage the project that has not yet been fully released and the tokens associated with that project.


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