Is Shiba Inu Dead? Can SHIB rally again? Shiba Inu Update

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After Dogecoin, Shiba Inu gets the title of the Popular Meme Coin. Many investors engaged in the crypto world expect to get a good return from Shiba Inu. Some are invested because they believe that it can touch the price of 0.01 cents. Though there are so many equations and after that Shib can achieve that price target and it's a long journey ahead.

So far it's not a disappointing journey for the ShibArmey. In 2021 we experience a massive move in the price of Shib token. Many investors get a good return from Shib tokens. But how it's performing now? Is Shiba Inu dead now?

^{Screenshot taken from Coinmarketcap}

Well in 2023 Shiba Inu performed quite well according to the market condition. Shiba Inu is one of the most hyped meme tokens after Ddogecoin and the Dogecoinkiller is performing well in the top 20 list of cryptocurrencies. Currently, it's ranked number 14 in the list of top 20 cryptocurrencies. According to the current price it's sitting at 87.06% down from an all-time high.

^{Screenshot taken from Coinmarketcap}

We always heard something good regarding Shiba Inu. Because we always get some updates on the Twitter handle of Shiba Inu and one of the leads of the Shiba Inu Project known as Shytoshi Kusama is very active on Twitter.

Just a few weeks ago the long-awaited arrival of the Shibarium blockchain was supposed to take place and the Shibarium test net was released. But there were some issues regarding the Shib Testnet. It was a big question for the developers of Shiba Inu, did they copy code for the Shibarium Blockchain? Because the code for the genesis block of Shiba Inu and the genesis block of the Rinia Blockchain was the same.

^{Twitter Screenshot}

Because two blockchains didn't launch at the same time. But how the codes can be the same? Did the Siba Inu developers copy it? Well, they made a tweet and admitted their mistakes. Sometimes these kinds of mistakes can be seen in the beta phase. They also clear in their tweet, that they will work on the issues.

^{Twitter Screenshot}

Over time we get many updates from the Twitter handle of Shiba Inu. There are metaverse, gaming, blockchain, and a lot of projects regarding Shiba Inu and we get updated every time.

At present millions of ShibArmy are out there and it's now a huge community. So we expect that Shiba Inu will do better in the future by overriding all the issues. Shiba Inu is not dead yet. Hopefully Shibarium blockchain will be launched soon and we can see a huge impact on the price of Shiba Inu !!!