Atomic Wallet & Ledger Back Shiba Inu’s Layer-2 Solution, SHIB Burn Rate Soars!
• Atomic Wallet and Ledger have both announced they will support Shibarium, Shiba Inu’s Layer-2 solution.
• The SHIB burn rate has shot up by 28385.44% in the last 24 hours.
• Shiba Inu’s market price has seen no change in the past 24 hours and is currently trading at $0.00001160.
The cryptocurrency world is abuzz with news that Shiba Inu (SHIB) is set to be supported by two major players in the DeFi space. Atomic Wallet and Ledger have both announced their intention to support Shibarium, Shiba Inu’s Layer-2 solution. Atomic Wallet is a self-custodial wallet provider with over five million users worldwide, while Ledger is one of the most popular hardware crypto wallets. This news has sent the burn rate of SHIB tokens skyrocketing, with 28385.44% growth in the past 24 hours.
The Layer-2 solution for SHIB is currently in the Beta phase, with developers claiming it is almost ready for launch. Ledger’s announcement of their support for Shibarium included the inclusion of the Layer-2 solution in their roadmap for 2023. Atomic Wallet followed suit and officially declared their support for Shibarium, prompting the SHIB Army to celebrate the news.
The news has had a positive effect on the burn rate of SHIB tokens, with 27,666,615 SHIB being sent to the bottomless pit in the last 24 hours. Despite the enthusiasm surrounding the Layer-2 solution, the developments have had no effect on Shiba Inu’s market price. The popular canine coin is currently trading at $0.00001160, according to CoinGecko, and has seen no significant change in the past 24 hours. However, the coin has seen an overall bullish trend in the past two weeks and has even managed to restore its fundamental resistance level of $0.00001.
The Atomic Wallet announcement of their support for Shibarium was followed by a surge in the SHIB burn rate, with a total of 21,812,209 SHIB tokens burned over five transactions in the past 24 hours. This news is sure to bring further excitement for what the future holds for Shiba Inu’s Layer-2 solution. With two major players in the DeFi space now backing the project, it looks like the SHIB Army has something to look forward to in the coming months.