Shiba Inu news today: Latest SHIB news, price, updates and more

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Shiba Inu News Today
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With so much Shiba Inu news going on, it's hard to track what’s happening on the Shiba Inu roadmap.

SHIB now has an active community of around 1.2 million SHIB holders, all pushing for new projects, updates, and more.

Whether it’s an update to Shibarium, the latest SHIB burn statistics, or simply the current Shiba Inu price, we’ve got you covered with the latest Shiba Inu news today.

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Latest Shiba Inu news

The latest Shiba Inu news today concerns the upcoming Shibarium public beta. Based on several posts made by Shibarium developer Unification, SHIB holders have deduced that the Layer-2 TestNet could launch between August 15-21.

The full dates of the Shibarium launch are still unknown, however.

Alongside this, Shytoshi Kusama has revealed that Shiba Eternity will launch exclusively as a mobile game first. The blockchain version will come at a later date.

The BONE price has now surpassed the $1 mark for the first time since January, and is up over 100% in two weeks. Meanwhile, LEASH jumped 25% in two hours earlier today.

The SHIB Army also continues to support BONE in its Gate.io vote for a listing.

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Last week, the major Shiba Inu news saw the Binance Card add Shiba Inu support.

The Binance Card, which lets users spend cryptocurrency with 60 million merchants, is available in the European Economic Area. It supports a multitude of cryptocurrencies, including Bitcoin, Cardano, and Ethereum.

Elsewhere, Shytoshi may have dropped a huge hint about the Shiba Inu metaverse. Based on several factors and Discord messages, it may be that the metaverse will run on Unreal Engine 5.

Shiba Inu updates

Alongside the latest Shiba Inu news, there are countless projects on-the-go within the Shiba Inu ecosystem. Here’s the latest on a handful of these.

Shiba Inu Game

Developed by PlaySide Studios in collaboration with SHIB, the upcoming Shiba Inu Game isn’t too far off, also known as Shiba Eternity. The game remains on track to launch in September 2022, according to Shytoshi Kusama.

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While we haven’t seen much gameplay yet, Shytoshi has revealed several cards for the game.

The official SHIB Discord now has a channel dedicated to Shiba Eternity, with future announcements expected to come pretty soon as development nears the end.

Shibarium

This Layer-2 solution is the SHIB community’s most anticipated project, and much like the game, it is coming pretty soon.

The Shibarium Public Beta is expected to launch in Q3 2022, meaning before the end of September, ahead of a full release perhaps in late-2022.

Elsewhere, SHIB holders are planning and preparing to build their own projects on top of Shibarium, including NFT marketplaces. The proposed Shibarium Hackathon could even help fund such projects.

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Shiba Inu Metaverse

After the SHIB Metaverse Land Sale first launched, it appears the metaverse has shifted into its next phase of development. Shiba Inu has announced several new hires set to work on its metaverse. These include prominent tech and entertainment veterans coming onboard as developers or advisors.

The most recent of these saw SHIB bring onboard The Third Floor - a visualisation studio that has worked on Marvel and Star Wars films in the past.

Meanwhile, the land sale is still ongoing, and is nearing 20,000 plots of land sold.

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New Shiba Inu tokens

The Shiba Inu ecosystem currently comprises SHIB, BONE and LEASH, alongside Shiboshis and the Metaverse land. However, it is set to expand with two new tokens.

The SHI stablecoin is among these new tokens. Originally intended to be an algo-stablecoin (although the Luna crypto crash may have impacted this design), it could be tied to 1 cent, using LEASH as a peg.

We don’t know much else about SHI, although it is still set to launch in 2022.

Outside of SHI, another token known as TREAT will also release to replace BONE as a ShibaSwap reward. Since it was only just announced, we know even less about TREAT.

Shiba Inu price

As of August 3, the current Shiba Inu price is $0.00001182, with a market cap of $6.8 billion. This makes it the 15th largest cryptocurrency, having been overtaken by Lido Staked Ether, Dai, and Avalanche.

According to CoinGecko, it is down 6.1% in 24 hours. SHIB is down 1.6% in seven days, and up 1.6% in 30 days.

It remains down 86.5% from its all-time high of $0.00008616, reached on October 28, 2021.

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Shiba Inu burns

At the time of publication, a total of 410,376,455,862,142 SHIB has been burned. While most of this came from Vitalik Buterin’s massive burn, the SHIB community destroyed 70 billion tokens in the first six months of 2022.

Of this SHIB burned, the Shiba Inu burn portal has destroyed over 60 billion SHIB since it first launched in April.

This next phase for SHIB burning should see community and official burns go hand-in-hand, as projects such as Shibarium and the metaverse promise some sort of burning mechanics. Meanwhile, community games, NFTs, products and more will all continue their burns.

In July 2022, 4,762,745,494 SHIB was sent to the dead wallets, around 200 million SHIB more than in June.

So far in August 2022, a total of 572,943,089 SHIB has been burned so far. At this current burn rate, it could hit 2.2 billion SHIB burned in August - a sharp decline from the last few months.

SHIB is not the only cryptocurrency going through a busy period. Check out the latest Bitcoin news or the Ethereum news for a wider look at the crypto industry.