Shiba is relatively pessimistic in terms of sentiment, which has a lot to do with the fact that the market had a pretty fantastic performance to start the year. The participation rate, buzz level, and message volume score are all going to be on the higher end of the spectrum. This is simply a result of the debut taking place in the middle of Shib being greatly anticipated. It will happen the next week, and right now we can observe how popular the asset is among the community and how it compares to other assets in terms of buzz. Shiba Inu has a higher message and they are having a very high engagement with the community surrounding this launch.
I'm not claiming that the launch of Shibarium Beta will cause Shiba Inu to decline and suffer harm. I expect that Shib will finally move higher because Shibarium Beta is being launched. The native Bone token actually might be the beneficiary of Shibarium more than Shiba Inu. This is something that is not generally being talked about everywhere but the launch of Shibarium Beta led Bone the governance token of the next layer 2 solutions to spike over 15% plus. That will be crucial as we go more toward web 3 and all of these layer 2 solutions for cryptography.
It is going to be very interesting to follow Bone because Shiba Inu stay unchanged in actually decreasing about 3% in the last 24 hour despite this announcement. And contradictory in opposing opinions when we talk about why that is truly occurring. Shibarium is not receiving as much fervor as you may anticipate. Shiba's weight can be noticed in the bone token while discussing it. Also noteworthy is the fact that Shiba Inu's development will depend on this. For Shinu to possibly hit one penny, Shibarium will be vitally essential. With such an eagerly awaited launch announcement, one would anticipate seeing a pump for the catalyst powering Shiba Inu.