Synopsis: The meme coin, SHIBA INU has experienced a sudden price increase due to a large whale purchase. Along this, its recent collaboration with the CDSA, suggests that SHIBA INU is evolving beyond its meme status and becoming a serious contender in the altcoin market.
Also read: SHIBA INU soars on account of 1.75 trillion Robinhood exit
In the past 24 hours the SHIBA INU meme coin has seen a surge, with its price increasing by 5.4% to 7.3%. This rise is likely due to a large transaction on the Robinhood exchange, which resulted in the accumulation of a massive amount of SHIBA INU tokens, worth around $40 million. Shiba Inu meme coins trading volume is also booming, with estimating over $700 million traded in the last day.
Well, this price surge is just a blip but more uptrend bullish run is on the cards as Content Delivery & Security Association (CDSA) have signaled a collaboration with the Shiba Inu meme coin.
SHIBA INU Meme Coin & CDSA Collaboration?
SHIBAINU recently partnered with the Content Delivery & Security Association (CDSA), potentially signaling a shift for the Shiba Inu token to move beyond its meme status, as per crypto currency experts.
This collaboration suggests that SHIBA INU meme coin is looking to expand its reach and develop new functionalities, moving beyond its initial meme-based origins.
This shift will increase the initial value of the Shibu Inu from altcoin to mainstream investment in the near future.
Shiba Inu Meme Coin to get Blockchain Security Solution?
The recent surge in trading activity and the CDSA partnership suggest that SHIB is actively exploring ways to become a more robust and versatile cryptocurrency.
The CDSA partnership could lead to the development of blockchain-based solutions for content security and distribution within the media and entertainment industry, potentially leveraging the power of SHIB technology.
While the recent price increase and CDSA collaboration are positive developments, some analysts remain cautious about the long-term outlook for SHIBA INU.
The meme coin market is inherently volatile, and SHIB’s price can experience significant fluctuations, one must do their own research before making any investments in the cryptocurrency markets.
