Will Shiba Inu (SHIB) Lead The Memecoin Bull Run?
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Shiba Inu (SHIB) has built momentum this week following an increase in burn rates and whale transactions amid other factors.
Shiba Inu (SHIB) is igniting bullish interest in the cryptocurrency market following a wave of positive on-chain factors spurring price growth.
At press time, SHIB trades at 0.0000227, an 8% increase this week despite facing slight short-term corrections.
The uphill rally in SHIB and memecoins has been tipped by multiple traders on social media spaces as ushering in the next market bull phase. Shiba Inu’s market capitalization stands over $13.4 billion with daily trading volumes almost at $400 million.
Shiba Inu recorded surging transactions alongside its price uptick. The memecoin notched an increase in daily volumes and new active accounts on the back of network upgrades.

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The Shiba Inu team has announced a $2,000 Shibarium giveaway, running from July 15 to September 15. This initiative aims to encourage users to bridge their assets and actively use the Shibaswap platform.
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Participants are also encouraged to share their experiences on the social media platform X, using specific hashtags designated by the Shiba Inu team. This promotion is designed to increase engagement and activity within the Shiba Inu community, promoting the use of their decentralized exchange and bridging services.
Shibarium Announces $2,000 Giveaway to Boost User Engagement
In a recent announcement, DaVinci, a Shibarium Discord Admin, revealed a $2,000 giveaway contest designed to boost user interaction on Shibarium. The contest will run from July 15 to September 15, encouraging participants to bridge assets on Shibarium and share their experiences on X (formerly Twitter) using specific hashtags.

Source: X
To participate in the contest, users are advised to bridge a specified amount of crypto to Shibarium and utilize Shiba Inu’s decentralized exchange, Shibaswap. Participants should then share their experiences on X, including the hashtags #Shibarium and #TreatYourSelf.
Notably, the giveaway features a prize structure: $1,000 for first place, $500 for second place, $250 for third place, and $50 each for five additional winners. This initiative aims to increase engagement and activity within the Shiba Inu community, promoting the use of their decentralized exchange and bridging services.
Shiba Inu’s $2,000 Shibarium Giveaway: Insights and Recommendations
Lucie, the marketing lead for the Shiba Inu ecosystem, provided further details about the $2,000 giveaway contest during an exclusive interview with The Shib Daily, emphasizing the inclusivity of the promotion.
To increase their chances of winning, Lucie recommended that participants interact more frequently on Shibarium and actively promote the project on social media. This strategy not only boosts individual chances but also enhances overall community engagement.
The giveaway, organized by Shibarium Discord admins with support from developers Shytoshi Kusama and Kaal Dhairya, aims to foster greater community participation and engagement within the Shiba Inu ecosystem.
Shibarium’s Rapid Growth and Strategic Developments
Meanwhile, Shibarium has seen significant activity, with key metrics reflecting its growth. The blockchain has created 5,775,622 total blocks, with an average block time of 5.0 seconds. Total transactions on the network amount to 418,377,984. Additionally, Shibarium has 1,810,035 unique wallet addresses, a testament to its broad user base. The gas tracker reports transaction fees at less than $0.01, making it cost-effective for users.
Daily transactions on Shibarium average 3,190. This activity is further supported by recent partnerships with K9 Finance and Unification, aimed at enhancing Shibarium’s DeFi ecosystem. These collaborations seek to bolster decentralized finance within the Shiba Inu ecosystem, leveraging the Shibarium layer-2 solution and the security of the Ethereum network.
Shibarium’s focus on community and innovation is evident in its latest developments. The upcoming Shib Marketplace, powered by Shibarium, seeks to revolutionize digital commerce by providing transparent and secure transactions. This platform will eliminate intermediaries and mitigate fraud risks, leveraging Shibarium’s smart contract features

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Tangem, known for developing Shiba Inu’s customized hardware wallet, has announced a partnership with Visa. This collaboration aims to combine mainstream payment solutions with self-custody capabilities.
By integrating Visa’s payment infrastructure with Tangem’s secure wallet technology, the partnership seeks to enhance the accessibility and usability of digital assets in everyday transactions. This move represents a significant step towards bridging the gap between traditional financial systems and the growing world of cryptocurrency.

Tangem Partners with Visa to Launch Crypto Payment Integration
Tangem, known for creating customized hardware wallets for Shiba Inu, has announced a new partnership with Visa to integrate cryptocurrency payments directly with Visa payment cards. This collaboration will introduce a new product named Tangem Pay, expected to launch by the end of the year. Tangem’s CTO, Andrey Lazutkin, revealed in an interview with Cointelegraph that this development is based on a Visa certification and patent granted in February 2022.

Source: X
The Tangem Pay product will enable users to spend various cryptocurrencies directly from their wallets at Visa-supported merchants. Initially, the service will support USDT on the Polygon network. Tangem currently supports thousands of digital assets across 59 blockchain networks, including Shiba Inu (SHIB) on Ethereum, BNB Smart Chain (BSC), and Shibarium. It also supports other tokens in the Shiba Inu ecosystem, such as Doge Killer (LEASH) and Bone ShibaSwap (BONE).
Although Tangem plans to expand support to additional cryptocurrencies in the future, specific details and timelines for these additions have not yet been disclosed.
Tangem to Merge Self-Custody Wallets with Visa Payment Technology
Andrey Kurennykh, co-founder and CEO of Tangem, commented on the new development, highlighting that the payment technology will provide a dual benefit: the self-custodial features of Tangem wallets combined with the convenience of a traditional bank card. Kurennykh emphasized that this initiative aims to bridge the gap between traditional finance and digital assets, offering users the advantages of both.
Tangem Pay will not be limited to Tangem wallets alone. The company plans to extend this solution to other popular crypto wallets, such as Metamask, Trust Wallet, and Ledger. Launched in 2021, Tangem has established itself as a leading provider of crypto custody solutions, offering card-shaped hardware wallets that can be activated with or without a seed.
A Tangem spokesperson confirmed that each wallet purchase typically includes three cards. Since its inception, Tangem has produced over one million cards, including customized versions for major crypto assets like Shiba Inu. Last year, Tangem introduced Shiba Inu-themed wallets, which saw pre-orders of 5,000 units from the Shiba Inu community. The first batch of these wallets was shipped in July 2023. Tangem also expanded its Shiba Inu support by accepting SHIB as a payment method for its wallets and producing customized wallets for Shiba Inu’s partner, Bad Idea AI.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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