Shiba Inu (SHIB)
Shiba Inu (SHIB) gained impressively following Donald Trump’s election victory and after developers successfully rolled out enhanced security upgrades to Shiba Inu’s Shibarium bridge. Shibarium is Shiba Inu’s Layer-2 blockchain, which enables seamless and secure token transfers between Ethereum and Shibarium.
The bridge will also undergo a hard fork to optimize network performance, improve transaction speeds and address scalability concerns. With the expansion of the Shibarium network, however, its developers warned its community against potential scams.
SHIB, the native token of Shiba Inu, is one of the top-selling memecoins by market cap. The decentralized community-led token and its reputation as the “Dogecoin Killer” has yielded impressive rewards in the past year, gaining over 111%.
SHIB is one of the biggest Solana-based memecoins, which quickly rose to fame in the crypto industry and has since become a household name. SHIB, launched in 2020, is currently the 14th largest crypto by market cap and the second biggest memecoin after Dogecoin (DOGE). SHIB has suffered amid the market correction, presently trading at $0.00002162, reflecting a 22.8% downturn over the past week
