Shiba Inu coin: Dogecoin’s outstanding rival, Shiba Inu, has not too long ago rolled out an important replace for its Layer 2 blockchain, Shibarium. Today, SHIB’s advertising lead Lucie took to X, revealing an improve for the L2 that enhances transparency throughout the community. Meanwhile, SHIB’s worth traded within the inexperienced at present, mirroring optimism.
Shiba Inu Coin’s L2 Adds “Security Score” On Network
According to Lucie’s X publish dated August 17, Shibarium L2 added an important characteristic at present often called “Security Score.” This characteristic zeroes in on the contracts created on the Shib community.
As per Lucie, “This is a game-changer for anyone navigating the ecosystem, offering an extra layer of transparency and peace of mind.” Upon wanting on the screenshot shared by the SHIB advertising exec, it may be seen that contracts on the community undergo a safety scan following the replace.
Notably, the safety scan is carried out by means of SolidityScan, a cloud-based Smart-contract vulnerability scanner. Moreover, the scan facilitates a 1 to 100 rating for a exact gauge of whether or not contracts are safe or weak.
The announcement quickly gained vital traction throughout the crypto trade, echoing optimism for the meme token’s crypto and Web3 journey. Also, it’s value noting that the L2 not too long ago unveiled a Shibarium auto-burning feature, ShibTorch, additional solidifying market optimism.
Simultaneously, the Shiba Inu coin traded dominantly within the inexperienced territory at present, mirroring investor enthusiasm alongside the abovementioned growth.
SHIB Price Pumps 2%
As of writing, SHIB price traded at $0.00001337, an upswing of two% at present. Its 24-hour lows and highs had been $0.00001295 and $0.00001341, respectively.
Notably, Coinglass knowledge spotlighted a 4.17% upswing within the coin’s futures OI to $25.39 million, additional reverberating optimism. However, the derivatives quantity dipped 42.29% to $31.35 million at present.
The Shiba Inu coin’s 14-day RSI moved alongside 37, hinting on the presence of some promoting stress on the asset. However, additional draw back momentum might see the coin getting into into an oversold territory, paving the way in which for a possible worth rebound.
Crypto market individuals proceed to eye the dog-themed meme coin for additional worth motion shifts as present market dynamics paint an unsure situation. Nonetheless, the abovementioned developments add an optimistic tint.
Annah Mugoiri
Annah is a Market Analyst and Blockchain Technology Writer at Coingape. With over 5 years of expertise, she is very expert within the crypto market and well-versed in blockchain expertise. Mugoiri provides the most recent information and insightful evaluation, making her a useful useful resource for knowledgeable selections within the crypto area.
Disclaimer: The introduced content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability on your private monetary loss.
