
Jakarta, Pintu News – Recently, Shiba Inu has experienced a decline in value in the crypto market. With a current value of $0.00001306, SHIB has recorded a decline of 1.34% in the last 24 hours, 7.3% weekly, and 17.84% monthly.
In the last three months, the token has lost 59.37% of its value, declining to $0.000013. Despite the sizable drop, crypto enthusiasts and experts remain optimistic about SHIB’s potential future.
Check out the full analysis of the shiba inu below!
Jeremie, a respected crypto expert, predicted that SHIB will enter a strengthening cycle. However, he also cautioned that the dramatic surge expected by some investors may not happen in this cycle.
Jeremie added that with the presence of Shibarium, SHIB now has increased utility with low transaction fees and the ability to support a wide range of applications.
While Shibarium has advanced technical capabilities, real applications that utilize this platform to encourage widespread use of SHIB are yet to be seen.
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Jeremie pointed out that Shibarium’s main challenge is the lack of real-world applications adopting the technology. He emphasized that if the development team can partner with apps that use SHIB for transactions, the value of this token could increase dramatically.
The team has embarked on several initiatives to address this, including collaborations with renowned crypto entities such as Chainlink and K9 Finance DAO. These collaborations allow Shibarium to adopt Chainlink’s Cross Chain Interoperability Protocol (CCIP), which expands the accessibility of tokens within the Shiba Inu ecosystem, including SHIB, BONE, LEASH, and TREAT.
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According to The Crypto Basic, with the launch of new initiatives to expand Shibarium’s adoption, specifically by attracting more decentralized applications that use SHIB-Jeremie predicts that the token will see a significant increase in value.
This indicates that SHIB has the potential to reach the top if the team manages to attract relevant and useful apps. Therefore, the future of SHIB seems to depend on the team’s ability to implement effective strategies and attract users and developers into its ecosystem.
Despite facing challenges in a volatile market, Shiba Inu (SHIB) has the opportunity to rise and achieve greater heights in the future. With the right strategy and wider adoption of Shibarium, SHIB has the potential to undergo a transformation that will increase its value and relevance in the crypto industry. Investors and crypto enthusiasts are advised to stay tuned to this development.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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