Details about the Upcoming Huge Shiba Inu (SHIB) Upgrade
- A new update for Shibarium promises incentives, special events, and improved functionality for future growth.
- As meme currencies gain traction, SHIB increased by 9.5% every day; DOGE, WIF, and PEPE were among the other top achievers.
Big Things Are Coming
Shibarium, Shiba Inu's layer-2 blockchain solution, was launched last summer with the primary goal of promoting the growth of the ecosystem. Since then, it has received various upgrades and accomplished a number of feats.
Shibarium's marketing strategist, LUCIE, most recently disclosed that there will be another development soon. It seeks to provide users with new opportunities, such invitation-only events and incentives. Additionally, the improvement will increase the L2 network's usefulness and enable future growth.
According to the statement, "Shiboshis will contribute to future expansions across the Shib ecosystem, opening doors for unique interactions and potential benefits."
A hard fork that empowers the developer and innovator community and a new user interface (UI) update that makes it compatible with well-known self-custody wallets are among the earlier updates that were announced earlier this year.
Last but not least, Shibarium embraced a designated “Burn Portal.” By moving some tokens to a null address, the main objective is to reduce the amount of Shiba Inu (SHIB) in circulation, making it more rare (and potentially more valuable if demand stays the same or rises).
Forecast for SHIB Prices
The evolution of Shibarium can occasionally be strongly linked to the meme coin's price performance. Over the past day, SHIB's market value has once again crossed $11 billion, and it has seen a 9.5% surge.
Given that Bitcoin (BTC) has crossed $71,000 for the first time since June, the comeback is consistent with the sector's general bullish climate.
Additionally, the meme coin niche gained prominence. Dogecoin (DOGE) has risen 16% today, and Popcat (POPCAT) has reached a new high of $1.75. Dogwifhat (WIF), Pepe (PEPE), Floki Inu (FLOKI), Brett (BRETT), and others are other noteworthy.
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