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Jakarta, Pintu News – A well-known crypto expert, Del Crxpto, recently predicted that the United Arab Emirates (UAE) government will soon launch a strategic digital asset reserve that will feature the Shiba Inu SHIB4.60%->Current SHIB PriceRp 0,20835474.60%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0.
This prediction comes following the launch of crypto reserves by the United States, which sparked speculation that other countries would follow suit.
Last week, the US has launched a reserve just for Bitcoin BTC0.19%->Current BTC PriceRp 1.365.477.7380.19%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 and a digital asset reserve for altcoins such as Ripple XRP1.07%->Current XRP PriceRp 37.7661.07%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0 and Cardano ADA0.76%->Current ADA PriceRp 11.6170.76%Market CapRp 0Trading VolumeRp 0Circulating SupplyRp 0.
Del Crxpto, who is known for his keen analysis in the crypto world, has predicted that the UAE will adopt the Shiba Inu in the crypto reserve that they will launch.
Read also: 3 Altcoins to Hunt During the Crypto Market Downturn According to Ali Martinez!
While there is no clear timeline or disclosed factors that support this prediction, the Shiba Inu community has been buzzing about this possibility. Interestingly, in February, the UAE had collaborated with Shiba Inu to utilize their Web3 technology, ShibOS, to improve their governance and public services. This marks the first blockchain adoption by the UAE federal government.
The UAE government’s choice to use Shiba Inu’s ShibOS instead of technologies offered by other crypto projects shows high confidence in Shiba Inu’s capabilities.
Although there is growing speculation that the UAE is considering setting up a crypto reserve, to date there has been no official statement from the government confirming the rumors.
The UAE is known for its progressive approach to finance and technology, which has paved the way for their pro-crypto stance. The UAE has actively sought to position itself as a global leader of the crypto industry, a role that the US is also eyeing through their crypto reserve initiative and upcoming federal regulatory framework.
Unlike the US, the UAE already has clear crypto regulations, including the Dubai Virtual Assets Regulatory Authority (VARA).
If the UAE does launch a crypto reserve that includes Shiba Inu, this could be a big step for crypto adoption globally. The confidence of a country like the UAE in Shiba Inu could increase the credibility and value of Shiba Inu as a digital asset.
Read also: BBVA Spain Launches Bitcoin and Ethereum Trading Service!
Moreover, it could also trigger other countries to consider crypto in their digital asset reserves, especially if they see the success achieved by the UAE.
This move will also affirm the UAE’s position as a leader in financial and technological innovation on a global level.
Overall, while it remains to be seen whether these predictions will materialize, the potential launch of a crypto reserve by the UAE, specifically one that includes Shiba Inu, offers much to be excited about.
Going forward, the eyes of the world will be on the UAE to see how it will implement blockchain technology in its government operations and its impact on the global crypto market.
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See Assets in This Article
0.2%
0.8%
1.1%
4.6%
Bitcoin Price (24 Hours)
Market Capitalization
Rp 33.034 Triliun
Global Volume (24 Hours)
Rp 1.590 Triliun
Circulating Supply
Rp 19.797.675