Shiba Inu reacts as concerns over Shibarium arise within the community
The Shibarium public testnet eventually went live a few days ago after a protracted wait for the launch from the Shiba team.
The community was excited, and SHIBA and BONE, its tokens, caught the community’s enthusiasm. The SHIB and BONE tokens, however, appeared to have responded to what appeared to be some disturbance in the Shibarium paradise.
Read Shiba Inu [SHIB] Price Prediction 2023-24
On 16 March, a prominent member of the Shiba Inu community brought attention to various issues with the Shibarium Layer 2 public testnet, setting fire to the project’s official Discord page .
The concerned community member pointed out that Shibarium’s Chain ID was already in use by another blockchain. He continued by saying it appeared that the Shibarium testnet had taken the genesis file from the Rinia testnet and renamed themselves Shibarium but neglected to alter the chain ID.
Sure enough, the post got a lot of attention, prompting a response from Shytoshi Kusama, the lead developer of Shiba Inu.
Shytoshi’s statement did little to alleviate the mounting tension because it failed to address the heart of the situation. As a result, the SHIB and BONE tokens were on a downward trend in the last 24 hours.
Until 15 March, Shiba Inu [SHIB] was on an upward trend. SHIB lost 7.45% of its value as of the 15 March market closing.
As of this writing, it was down by over 1%. The relative Strength Index (RSI) was above 40 due to the excellent price trend but was now below it due to the over 7% decrease. In the end, the RSI’s position suggested that it was still in the bear trend that it had been on for some time.
Source: TradingView
One look at BONE’s daily timeframe chart suggested that it had been affected harder than
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