Shiba Inu is hoping to become more than just a Dogecoin-inspired meme cryptocurrency as it comes closer to launching its layer-2 network called Shibarium. Meanwhile, the SHIB token has emerged as one of the best-performers so far in 2023.

SHIB's price has rallied nearly 60% year-to-date (YTD) to $0.00001294, its highest since early November 2022.

(By YASHU GOLA)