- Shib tweeted on their official Twitter page that Shibarium will be launched in the beta phase this week.
- Steps on how to enter the beta website will be released on SHIB’s social pages soon.
- SHIB’s price has not yet responded positively to the news and is down 3.28%.
Shib (@Shibatoken) tweeted on their official Twitter page yesterday that the much-anticipated Shibarium‘s public beta will be launched this week. The tweet added that anyone interested in playing in the public beta launch of Shibarium should stay tuned to the meme token’s official social pages over the next few days to find out how to access the beta website.
At press time, the price of Shiba Inu (SHIB) is down 3.28% over the last 24 hours according to the crypto market tracking website, CoinMarketCap. SHIB’s weekly performance has now been pushed further into the red over the last 7 days as a result, with SHIB’s weekly performance now standing at -12.43%. SHIB is currently trading at $0.00001082.
The meme token has also weakened against the crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 1.46% and 2.13% respectively over the last 24 hours.
4-hour chart for SHIB/USDT (Source: TradingView)
The 4-hour chart shows that SHIB has been trading in a consolidation channel between $0.00001087 and $0.00001119. SHIB’s price briefly broke below the lower level of the channel yesterday. However, it may have been a liquidity building move as it recovered nicely in the 4-hour cycle that followed – climbing 4.12%.
The meme token’s price broke above the 9 EMA line on the 4-hour chart in this quick price pump. The price was able to reach the 20 EMA line where it closed the 4-hour cycle off. However, SHIB’s price was then rejected by the longer EMA line on its 4-hour chart and has been in a decline ever since.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
The post Beta Launch of Shibarium Will Be Taking Place This Week appeared first on Coin Edition.