Will Shiba Inu L2 be linked to Ethereum by Shibarium Bridge? Influencer touts massive news if true
Popular crypto influence said that the Shibarium bridge will allow easy transfer of assets between Ethereum and Shibarium.
As the launch of Shibarium nears, more market payers are coming to the front to extend support to the Layer-2 protocol.
The Shiba Inu developers have been working hard on the development of the Layer-2 scalability platform Shibarium recently. Popular crypto influencer SHIB Knight also noted that the team behind the crypto project is also working on a bridge that will allow users to move assets between Ethereum and Shibarium.
SHIB Knight shared information and details regarding a new meme-based crypto project willing to expand the utility of Shibarium. In his tweet today, SHIB Knight noted that the team behind the community-focused project – Kai Ken Inu – will be building the Shibarium Bridge.
With the bridge solution that links the Shiba Inu Layer-2 network and Ethereum, users will be able to “port assets” directly from the Ethereum blockchain to Shibarium. “[Kai Ken Inu is] building a Shibarium bridge, which will allow holders to port assets from [Ethereum] to Shibarium when it launches,” SHIB Knight tweeted.
Note that Shiba Inu has yet to confirm the launch of such a bridge solution in the market. There’s been a lot of uproars recently as the launch of Shibarium nears. Much recently, crypto hardware wallet provider Ledger also stated that it will be offering support to the Shibarium protocol. Shibarium is slowly getting recognition in the market as crypto enthusiasts are eager to know how well it can cater to the requirements of the Web3 space.
KAIK Token Value Jumps 1000x
Although the news of Shibarium bridge is not yet official, the members of Shiba Inu community celebrated and showed excitement regarding the upcoming project. The excitement has led to the widespread adoption of KAIK, the native cryptocurrency of Kai Ken Inu.
Crypto influencer SHIB Knight claimed that the price of the KAIK token has jumped by 1000x since its launch. Additionally, the Shiba Inu influencer also noted that Kai Ken Inu’s market cap jumped from $2 million to a staggering $10 million yesterday. “KAIK is already 1000x up from launch. [It] ran to a $10M [market cap]yesterday from $2M [market cap], with a healthy and bullish chart,” SHIB Knight noted.
$KAIK already 1000x up from launch, ran to 10Mil mcap yesterday from 2mil mcap, with a healthy and bullish chart. 🔥
They are building a Shibarium bridge which will allow holders to port assets from ETH to #Shibarium when it launches💯
Chart💹: https://t.co/t4brxWz60e pic.twitter.com/UWB0eynYuy
— $SHIB KNIGHT (@army_shiba) January 25, 2023
The community team behind Kai Ken Inu has also confirmed the massive rally and the appreciation of the token’s valuations. Besides, the community also expressed gratitude to all members of the crypto community, especially the SHIBArmy.
They also assured the KAIK holders that there are greater things to come ahead in the market.
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Filed under: Bitcoin - @ January 26, 2023 4:18 pm