The latest update from Sharbi, a decentralized multichain token on Shiba Inu L2 Shibarium, has nabbed substantial attention across the global crypto community, coming in tandem with Shiba Inu’s plans to introduce a hard fork for Shibarium. In a post shared by Sharbi’s community on X today, it was brought to attention that the FETCH bridge, which connects Shibarium, Ethereum, and Arbitrum, is shutting down operations, piquing significant interest among its users.

Notably, the winding down of the FETCH bridge primarily comes as an effort by the community to integrate further upgrades into it, marking a notable stride for the decentralized token. This announcement has in turn ignited a flurry of optimistic market sentiments surrounding Sharbi’s cryptographic venture, further aligning with bullish sentiments orbiting Shibarium’s hard fork upgrade.

Sharbi Advances In Tandem With Shiba Inu’s Ecosystem

Sharbi, Queen of MEME, is a multichain cryptocurrency built on Solana, Arbitrum, Ethereum, and Shibarium. The revolutionary move to further enhance its FETCH bridge comes in conjunction with Shiba Inu’s hard fork announcement, collectively igniting a flurry of optimism among investors.

Shiba Inu’s hard fork on its Layer-2 Shibarium is primarily intended to facilitate faster block processing and more predictable transaction fees for users. This is a monumental move by the dog-based meme token’s community to boost the token’s ecosystem’s functionalities. 

Meanwhile, as mentioned above, Sharbi plans to upgrade its FETCH bridge, underscoring efforts to keep pace with Shiba Inu’s developments. Crypto market traders and investors further view this as a bullish event as SHIB and its ecosystem’s tokens advance concurrently.

Additionally, Sharbi advocated users call off all bridge activities and urged them to remove all BONE and SHARBI tokens from the liquidity pool. A cloud of speculation continues to shroud the tokens’ developmental endeavors in an enigma.

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SHIB, BONE, & SHARBI Prices Slip

As of writing, SHIB, the native token of Shiba Inu, noted a fall of 1.17% in the past 24 hours and is currently trading at $0.00002504. BONE’s price witnessed a marginal dip of 0.51% and continues to trade at $0.6205.

Intriguingly, SHARBI’s price witnessed a deep plunge, dropping 62.28% in the past 24 hours. The token currently rests at $0.0000007876, with a remarkable bearish price trajectory. 

This fall further coincides with the halting of operations on the FETCH bridge, which appears to be a setback for the token in the short run. However, following the upgrades in the future, the token may offer investors phenomenal gains, keeping them on their toes.

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The post Sharbi Shuts Down FETCH Bridge For Upgrades As Shibarium Hard Fork Looms appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am