The price of the meme-inspired Cryptocurrency Shiba Inu ($SHIB) jumped nearly 60% amid a wider Cryptocurrency market rally that saw the Bitcoin price surpass its 50-day moving average and ahead of the launch of Shibarium’s testnet. Shibarium is a layer-two network built on top of the Ethereum blockchain to support the Shiba Inu ecosystem. It is set to enable “rapid, low-cost transactions optimized for gaming.