1. Development of Shibarium
Shibarium, a layer 2 solution on the Shiba Inu blockchain, is constantly being improved. It promises lower transaction fees and faster speeds. This advancement has attracted developers to build dApps on the ecosystem, increasing SHIB’s utility.
• New projects are joining Shibarium.
• Updates are planned to improve network scalability.
• Impact: If widely adopted, the price of SHIB could rise.
2. Adoption of SHIB as payment
Shiba Inu is gaining traction as a payment method:
• Recent partnerships include major marketplaces that accept SHIB.
• Some gaming and NFT platforms have also implemented SHIB into their ecosystems.
• Increased real-world utility strengthens its position as an asset.
3. Price movement and speculation
After a recent rally of over 50%, investors and analysts believe that SHIB could test new highs, especially if:
• The overall cryptocurrency market continues to rise.
• The community increases token burns, decreasing the supply.
Resistance and technical support points:
• Resistance: $0.00003000.
• Support: $0.00002225.
4. Community Impact
The Shiba Inu community, known as ShibArmy, continues to be a major pillar for the coin. Campaigns to increase burn rates and the introduction of new tokens, such as BONE and LEASH, are strategies aimed at attracting more investors.
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