Shiba Inu (SHIB) is preparing for a giant leap with its team’s expansion moves! 🐕🦺 SHIB, currently the second largest meme coin with a market cap exceeding $10 billion, has gained strong momentum. It reached a two-month high of $0.00001817 with a 33% growth in the last week.
So what is behind this rise? Not only the market recovery, but also the rumors surrounding SHI Stablecoin are fueling this rise. 💥
Shiba Inu marketing lead Lucie announced in an X post that the SHI stablecoin will be pegged at $0.01. She noted that the stablecoin will provide price stability through collateral and that the team is still exploring different collateral options. This will allow users in the SHIB ecosystem to trade while being protected against price fluctuations.
The Shiba Inu team, aiming for greater adoption, also plans to attract investors who are wary of crypto volatility to the ecosystem. With the SHI stablecoin, the SHIB ecosystem will provide an ideal platform for entry into crypto! 🌐
Lucie emphasized that the integration into Shibarium will be achieved after ongoing testing, while he said that SHI will strengthen Shiba Inu’s decentralized finance (DeFi) capabilities.
Shibarium TVL at its Historical Peak!
According to data from Shibarium Network, Shibarium’s Total Value Locked (TVL) has reached a record high of $3.64 million. This tremendous growth was fueled by K9 Finance DAO’s Bone Crusher product. 🦴 Reaching this level of TVL in just one week is a giant leap for Shibarium!
Shibburn tracker also reported a 640% increase in SHIB burn rate! 5.5 million SHIB burned in 24 hours, paving the way for a new increase in SHIB price! 🔥
Conclusion: The Rise of the Shiba Inu is Unstoppable!
With stablecoin plans and incredible growth in Shibarium, SHIB has huge potential in the crypto world. Stay tuned as we head towards $0.001 to make sure you don’t miss out!
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