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Shiberium, the much-anticipated Layer 2 solution by Shiba Inu, is facing significant delays, leaving investors in a state of uncertainty. The exact release date remains unknown, despite initial expectations for a launch between the second and third quarter of 2023.
However, Shiba Inu lead developer Shitoshi Kusama released a new video today that may give the community renewed optimism. In a nod to the most frequently asked question about when Shiberium will finally be released, Kusama wrote via Twitter today: “WHEN THIS IS LAST YEAR. The real question is… where?” And shared several hashtags: #SHIBARMY #SHIBARIUM #SHIBOSHIS #SHIBAETERNITY #MVSHIB #SHIBACALS #WELLY #UNIFICATION #BADIDEAI #SEEYOUTHERE.
The video featured the Shiba Inu logo and a major (American) city. The message of the video is: “Something is coming. Actually we are going somewhere. Apparently the developers of Shiba Inu are planning a big event, be it the launch party of Shiberium, that’s a million dollar question. At least that’s what Kusama’s words suggest, because apparently the question now is not of when, but of where. However, this could just be an event announcing the Shiba Inu convention or something else, so far it’s all speculation.
#Wayne This is last year. The real question is… #Where, #shibarmi #shiberium #shiboshis #shibaeternity #mvshib #shibakals #well #integration #Badideai #see you there pic.twitter.com/vLDAXVwWGn
– Shiotoshi Kusama™ (@ShyotoshiKusama) 29 June 2023
But chances are high that this will be an event that puts Shiberium in the spotlight. After all, Kusama uses the hashtag shibarium right after #SHIBARMY. Obviously, the entire Shiba Inu community will get in, as Shiboshi NFTs, the collectible card game Shiba Eternity, SHIB the Metaverse, Shibakals, Bad Idea.ai, and Shiberium Developer Unification are also mentioned in the hashtag.
Shiba Inu price remains stable despite announcement
The lack of clarity on Shiberium is currently causing concern among Shiba Inu traders and is affecting the valuation of the SHIB token. Apparently, the delay in the release of Shiberium has had a negative impact on the SHIB price in recent weeks.
Recently, SHIB experienced a significant decline, falling from $0.000011 to $0.00000591, a level last seen in price on Sep 09, 2021. Even though SHIB managed a 40% rally, the price failed to break the 23.6% Fibonacci retracement level and the downtrend. Channel that has been created since the beginning of February.
As of press time, Kusama’s teaser video hasn’t generated much excitement among SHIB investors. The price got stuck at $0.00000726 but is in a position to attack the top of the declining trend channel again. A breakout above the area between $0.000080 and $0.00000833 (23.6% Fibonacci retracement level) is a major resistance at the moment.
Featured Image from iStock, Chart from Tradingview.com
