Shiba Inu Coin Community is seeing a lot of commotion about SHIB’s future. The #ShibArmy is optimistic about SHIB reaching 1 Trillion in market capitalization while others stick to the ground reality of SHIB trading currently, $0.000018, a down of 10.63% in the last 24 hours. Let’s dive into the future potential of SHIB.
Shiba Inu Coin has seen a lot of trading volatility in the past week. SHIB prices are down 10.63%, currently trading at $0.000018 as per the past 24hrs data. This is not stopping the #ShibArmy from believing in SHIB’s potential. They believe Shiba Inu Coin will soon reach a trillion dollars in market capitalization. This confidence is not unfounded considering the latest update of Shibarium, and other potential trading indicators. Let’s discuss this in detail.
Shiba Inu Coin: Price Analysis Indicates Volatility
Shiba Inu Coin often referred to as the DOGE killer is battling price volatility fluctuations on the market exchange. The meme coin has seen exhilarating price highs as well as nail-biting lows. The coin currently is seeing a price dip, despite continuous SHIB coin burn in the past week.
This is nothing new for SHIB, it has climbed to significant price highs in the past from similar predicaments. Positive market sentiment, Social Media Buzz linked to celebrities like Elon Musk, and wide adoption of SHIB always push SHIB prices to new highs.
Shibarium: The Potential Catalyst for SHIB’s Growth
Shiba Inu ecosystem has a new exciting development called the Shibarium, a Level 2 scaling solution. It opens the door for more decentralized applications (dApps) to be built on the Shiba Inu network. It also promises faster, and cheaper transactions for SHIB coins.
This upgraded ecosystem could significantly boost SHIB usage. The steady increase in the total number of users on Shibarium is proof of new users’ interest in SHIB’s potential.
SHIB Eternity banks on the latest Tap-to-Earn Crypto Trend
Shiba Inu coin has also joined the Web 3 revolution of tap-to-earn crypto mine games. It introduced SHIB Eternity, a tap-to-earn crypto token. When launched users will be able to earn TREAT tokens through its tap-to-earn game mechanics.
This keeps SHIB’s prospects bright amongst new crypto investors. This will further push Shiba Inu Coin prices up in the future.
SHIB’S Future Still in Progress
Shiba Inu Coin started as a meme coin but it has expanded far broader ecosystem. It has ShibaSwap, a decentralized exchange (DEX) allowing users to trade SHIB and other tokens. Other expansions include Shiboshis NFT collections, the LEASH, and BONE tokens.
Shiba Inu Coin is continuously upgrading its ecosystem providing wide range of utilities and rewards to its users. This is increasing the demand for SHIB in the crypto market.
Crypto markets are volatile in nature, one day a coin can be bullish, and turn bearish the next day. As an investor having patience, doing one’s own research, and seeking financial advise is key to making profits.
