The much-anticipated relaunch of Shibarium, the layer 2 blockchain network of Shiba Inu, has failed to jolt the token out of its persistent sideways trading pattern.
Despite promises of resolved issues from developers, Shiba Inu ($SHIB) token continues to hover around $0.00000837, struggling to gain upward momentum.
Shibarium’s first attempt at launch on August 18th faced significant hurdles. At the time, the blockchain saw several transaction processing problems that led to user concerns about disappearing assets.
The network had to be temporarily halted, and developers worked diligently to address the issues and implement updates. Shytoshi Kusama, a developer on the project, openly acknowledged the mistakes and explained the challenges faced in recovering assets transferred from other blockchains.
Furthermore, the latest attempt at relaunching Shibarium arrived on Monday, the 28th, accompanied by promises of a smoother experience and enhanced capacity to handle transaction volumes.
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