Shiba Inu is thrilled to announce that its blockchain-based virtual art museum, Shibarium, is launching its public beta version this week. This week, Shiba Inu will launch the public beta of their Layer2 network Shibarium – an Ethereum-based blockchain.

All necessary information regarding how to access this revolutionary platform will be shared through official social media channels in the following days.

Shibarium’s exclusive native token, $BONE will be used to power the gas transactions and reward validators. In order to run a node on the network, 10K of these tokens must be staked by the validator.

During beta testing period all products available are strictly for experimentation purposes only; when ShibaSwap has fully integrated with Shibarium upon mainnet launch they will become usable in real-world applications.

According to Coinmarketcap data, the price of $BONE went up by 23.50% over the last 24 hours, trading at $1.85 now.

BONE/USD Technical Analysis

The BONE/USD pair had been in a steady uptrend in the last 24 hours, moving from a low of $1.50 to a high of $2.01 and closing at $1.85, up 9.1%. The pair has now broken the previously established resistance levels of 1.75 and is likely to continue moving upwards in the coming days and weeks ahead as investors prepare for the launch of Shibarium’s public beta version this week.

The technical indicators have turned bullish with the RSI being above 70 and the MACD being above 0. This is a strong sign that buyers are in control of the market and pushing it higher. The next resistance level to watch out for would be $2.00, which would mark an all-time high for the BONE/USD pair if breached.

Shiba Inu token has also started to gain momentum as it has moved from an intra-day low of $0.00001065 to a high of $0.00001119, an increase of 2.11% over the last 24 hours.