Pseudonymous Shiba Inu proponent and SquidGrow founder Shibtoshi has tipped Shiba Inu to continue the recent uptrend, citing growing traction as a source of the price surge.
In an interview with the Shib Daily, Shibtoshi shared his thoughts on the buzz around the Shiba Inu ecosystem, which has significantly boosted the price of SHIB. For context, SHIB surged over 20% to a six-month high of $0.00002031 on September 28, with on-chain activities growing exponentially.
Uptick Fueled by Supersaturated Bullish Sentiments
Shibtoshi asserted that the growing adoption and utility of the Shiba Inu ecosystem facilitated the recent bullish pull in the SHIB price. The enigmatic SquidGrow founder cited positive sentiments around the launch of the layer 2 scaling network, Shibarium. According to him, the improved transaction speed and cost-effectiveness that the integration of Shibarium brought to Shiba Inu were evident. Shibtoshi stated that the L2 network brought with it adoption and increased attractiveness to investors and developers.
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