Sharbi, a decentralised token on Ethereum, Solana, Shibarium, and Arbitrum, recently said that it is closing its FETCH bridge in response to Shibarium’s declaration of a hard fork. The price of SHARBI drops.
TakeAway Points:
- Sharbi, a decentralised token on Ethereum, Solana, Shibarium, and Arbitrum, recently said that it is closing its FETCH bridge.
- According to the report, the main goals of Shiba Inu’s hard fork on its Layer-2 Shibarium are to give users faster block processing and more predictable transaction fees.
- The SHARBI price shows a sharp decline.
Shibarium to Launch a Hard Fork
The world’s cryptocurrency community has taken notice of Sharbi’s most recent upgrade, a decentralised multichain token on Shiba Inu L2 Shibarium, as Shiba Inu prepares to launch a hard fork for Shibarium. Users of FETCH, the bridge that links Shibarium, Ethereum, and Arbitrum, are quite interested in the news that the bridge is closing. This information was published by the Sharbi community on X today.
Notably, the community is attempting to include additional updates into the FETCH bridge, which is a significant step forward for the decentralised coin. This news has further bolstered bullish emotions surrounding Shibarium’s hard fork upgrade and sparked a wave of positive market sentiments surrounding Sharbi’s cryptographic endeavour.
Sharbi Moves Forward In Pairs With the Ecosystem of Shiba Inus
The multichain cryptocurrency Sharbi, also known as the Queen of MEME, is based on Solana, Ethereum, Arbitrum, and Shibarium. The news of Shiba Inu’s hard fork and the innovative step to improve its FETCH bridge have caused investors to become extremely optimistic.
The main goals of Shiba Inu’s hard fork on its Layer-2 Shibarium are to give users faster block processing and more predictable transaction fees. The community behind the dog-based meme coin has taken a huge step to improve the functionality of the token’s ecosystem.
As previously stated, Sharbi intends to modernise its FETCH bridge, demonstrating its attempts to stay up to date with Shiba Inu’s advancements. Because SHIB and the tokens in its ecosystem are rising at the same time, traders and investors in the cryptocurrency market see this as even more good news.
Sharbi further asked users to remove any BONE and SHARBI tokens from the liquidity pool and to cancel all bridge-related activity. The progress that the tokens are making towards development is still buried by a fog of conjecture.
Prices Slip for SHARBI, BONE, & SHIB
At the time of writing, SHIB, the Shiba Inu native token, was trading at $0.000025004, having dropped 1.17% during the previous day. The price of BONE had a slight decrease of 0.51% and is still at $0.6205.
Remarkably, the price of SHARBI experienced a sharp decline, falling 62.28% over the previous day. The token’s price trend has been remarkably pessimistic, with it presently trading around $0.0000007876.
The termination of the FETCH bridge’s operations also occurs at the same time as this decline, which seems to be a short-term setback for the token. But after the updates, the coin might give investors incredible returns, which would keep them cautious.
