Insights from the moderator of Shibarium Tech

• Shibarium’s technology moderator offered insights into the project’s approach to releasing updates for the upcoming ShibaSwap update.
• The moderator revealed that the team needs to ensure transparency and the need to safeguard some details for the benefit of the project.

As a critical update to ShibaSwap’s rapidly approaching update, Shibarium’s technology moderator offered insights into the team’s approach to releasing key details. A highly anticipated update, there is great speculation on the details which greatly influence its development and easily affect the token prices.

The moderator, who uses the pseudonym SpecialK on Platform X, explained that the team behind the project had a responsibility to ensure transparency and protect key details to safeguard the project’s future.

“In today’s world, premature information spreads quickly and trust is key,” SpecialK said in a declaration. In a post on X, the analyst further analyzes the different implications of offering updates on an ongoing project. He first talks about the probability of price volatility due to speculation. He explains that when some details are revealed, it could lead to radical price changes that will affect holders both positively and negatively.

Additionally, there is a risk that competing projects will obtain advance information about the project and create and release similar functionality.

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Crucial details revealed by the team could further expose the project to security vulnerabilities. These security risks can be mitigated by ensuring that the development team maintains critical information about ongoing projects.

Furthermore, the moderator talks about community trust. Please note that inaccurate or incomplete updates can damage trust within the community. He adds that users may start to shake users’ confidence that the project will deliver on its promises.

The moderator spoke, among other things, about the integration of ShibaSwap into the Shibarium. Like CNF reported, ShibaSwap will go multi-chain, launching on Shibarium and Ethereum. The announcement represents an important milestone for the mainstream adoption of Shiba Inu and its tokens. Furthermore, the Ethereum network remains the most sought-after altcoin by institutional investors due to its utility.

Shiba Inu (SHIB) Ready to Launch Dogecoin (DOGE)

The Shiba Inu SHIB has seen impressive returns in recent months. SHIB is up 2.3% in the last 24 hours and trades for $0.00002387. This extends its weekly gains by 4.5%. With a market capitalization of just over $14 billion, the coin ranks 12th in the market.

SHIB is challenging Dogecoin (DOGE) to become the leading memecoin. Dogecoin, which was the original memecoin to hit the market, has maintained its popularity but has failed to keep pace with emerging memecoins, especially in terms of price action.

To give an example, DOGE has a market capitalization of just over $21 billion and is in 10th place. If Shiba Inu can continue to innovate and grow its ecosystem, this could easily lead to SHIB launching DOGE before the end of the year. This will see SHIB lead the memecoin pack by charging into the ongoing bull market.

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