$SHIB Analysis
Shiba Inu (SHIB) is on track to hit a $1 trillion market cap!
The Shiba Inu [SHIB] community has several predictions for the meme coin.
Some believe 1 cent is closer than it looks
But others expect the asset to hit a market cap of $1 trillion
At press time, SHIB is trading at $0.00001903, following a 9.13% intraday drop. The altcoin’s market cap reflects a similar trend, sitting at $11.3 billion.
He noted that when thousands of SHIB and BONE pairs are traded on Shibarium, there will be a surge in trading volume. This layer 2 network has been thriving. In 24 hours, the number of new user accounts on Shibarium jumped 962%.
The SHIB ecosystem is a community-driven project. Shiba Inu’s marketing specialist Lucie has been keeping the network informed of everything that’s going on. She went on to say that SHIB is still in the “building phase.” Lucie highlighted Shytoshi Kusuma’s message, noting how the network has evolved from building a moat to protect the castle to building the castle itself.
She said, “We are in the construction phase, and as Shytoshi always said, ‘The moat is built, now we start building.’ We are already in step 1, phase 1, and there is more work to do. Think of our blockchain as a railroad track. We are setting up stations for users and developers. We are updating our technology, connecting with key players, and ensuring the overall health of our ecosystem.”
