- Shiba Inu (SHIB) has experienced a 1.3% price surge in the last two days.
- Atomic Wallet, a decentralized crypto wallet with 5 million users, now supports the Shibarium Layer 2 network.
- The SHIB development team and Shibarium marketing expressed enthusiasm on social media.
The price of popular meme coin Shiba Inu (SHIB) has risen over 1.3% in the past two days following positive adoption news for the ecosystem. Crypto wallet Atomic Wallet has integrated support for the Shibarium Layer 2 network, exposing SHIB to millions of new users. Meanwhile, boxing legend Manny Pacquiao announced his charity would begin accepting SHIB donations.
Atomic Wallet, a decentralized cryptocurrency wallet with over 5 million users, announced via a blog post that it now supports the Shibarium network. Shibarium is a Layer 2 scaling solution designed to significantly improve transaction speeds and reduce fees on the Shiba Inu network.
Atomic Wallet users can now store, send, and stake Shiba Inu
Atomic Wallet users can now store, send, and stake SHIB, BONE, and LEASH – the native tokens underpinning Shibarium. The integration unlocks access to Shibarium and its assets for Atomic Wallet’s substantial user base.
Members of the SHIB development team celebrated the news on social media. Shibarium marketing lead Lucie and Telegram admin RagnarShiba highlighted Atomic Wallet’s large reach and the potential exposure for Shibarium.
The price of SHIB responded positively to the adoption boost, surging 13.41% over the past two days to reach a peak of $0.00000910 on November 16th, based on CoinMarketCap data. The meme coin has pulled back slightly but remains up 6% for the week.
The rally comes as Shiba Inu developers strengthen the project’s real-world utility. This week, the team announced a collaboration with legendary boxer Manny Pacquiao through the Manny Pacquiao Foundation.
The nonprofit philanthropic organization will now accept SHIB donations alongside other cryptocurrencies. The news is featured on the cover of the latest Shiba Inu magazine, which is being distributed to 300,000 SHIB holders.
However, SHIB remains highly speculative and prone to volatility. The token is still down significantly from its all-time high above $0.00008 last October. Questions remain about the long-term roadmap and utility of Shiba Inu.
