Shiba Inu Reveals Trends and Achievements in Fourth Edition.
CoinMerge Reinforces Support: Moves Operations to Shibarium Solution.
Shiba Inu, the blockchain project known for its Shiba token, has unveiled the fourth edition of its weekly Shib Magazine, accompanied by a generous giveaway of NFT 7,000. The team behind Shiba Inu, in a recent tweet, announced the launch of the latest edition, which not only provides updates on ongoing events within its ecosystem, but also highlights five categories of tokens for investors to consider ahead of the upcoming bull run.
7,000 NFT for everyone
Following on the heels of previous editions, Shiba Inu continues its tradition of NFT token giveaways, this time expanding to an impressive 7,000 tokens for lucky winners. The Shiba Inu community has shown remarkable enthusiasm for these digital collectibles, with the latest edition recording the minting of 5,000 NFT decks in a span of five hours.
CoinMerge’s Increased Support for Shiba Inu
CoinMerge exchange CoinMerge, a staunch supporter of Shiba Inu-related products, is stepping up its commitment to the project. After previously listing BONE on its platform and choosing the token as the first to take advantage of its upgraded features, CoinMerge is moving all of its operations to Shibarium, Shiba Inu’s L2 scaling solution.
As part of this move, the CoinMerge team is offering free Shibarium blockchain data to developers for the next six months. This strategic alliance aims to strengthen the ties between CoinMerge and Shiba Inu, providing enhanced features and support for the growing ecosystem.
Shiba Inu’s Perspectives on Crypto Trends for the Upcoming Bull Market
Anticipating the upcoming bull market, Shiba Inu has identified five crypto trends that could dominate the landscape. These trends encompass blockchain-based gaming projects, real-world asset tokenization (RWA), the merger of social networks and crypto DeFi projects (SocialFi), layer 2 scaling solutions, and artificial intelligence (AI)-related crypto solutions.
Investors interested in positioning themselves favorably for the next market upturn may find value in considering projects aligned with these identified trends. Shiba Inu’s insights offer guidance for navigating the changing crypto landscape and exploring opportunities with high growth potential.
Kusama shares insights on the project
The latest issue of Shib Magazine includes an exclusive interview with Shytoshi Kusama, the lead developer of Shiba Inu. Kusama sheds light on the project’s path to true decentralization, emphasizing the commitment to democratic governance across all tokens within the Shiba Inu ecosystem.
To achieve this vision, Kusama reveals plans to institute equal rights for all token holders in the decision-making process, encompassing tokens such as SHIB, BONE, LEASH and the upcoming TREAT. The goal is to create a transparent, bot-free system for leadership selection within the community, using sovereign identity protocols (SSI).
In addition, Kusama describes the team’s strategy to protect Shiba Inu holders from potential scams in the crypto market. This includes SSI integration, privacy guardians and a unique karma system to safeguard the ecosystem against fraudulent activities.
Recent data on Shiba Inu
Concluding the fourth issue of Shib Magazine, Shiba Inu highlights several milestones achieved in various projects. Notably, the number of Shiba Inu addresses has increased from 8,460 in February 2021 to an impressive 1.26 million in November 2023, marking a remarkable 14,793% increase.
Another notable achievement is the considerable increase in Shibarium daily transactions, which went from 14,980 on November 20 to 34,670 the following day, representing a remarkable 131% increase. In addition, the total transaction count on Shibarium has exceeded 4 million.
These achievements underscore Shiba Inu’s growing influence and success in the crypto space, with the project expanding its reach and continually innovating in its various ventures.
In other recent developments, BitTrade has expanded its support of Shiba Inu by adding SHIB to its lending product. In addition, Marswap, a decentralized exchange based on Shibarium, has introduced new SHIB and BONE exchange pairs to its platform, further expanding trading options for Shiba Inu enthusiasts.
