In the midst of today's green market, Shiba Inu (SHIB) managed to attract the attention of many people due to its extraordinary price surge, up to more than 107% in the last 24 hours.
What do you think caused the SHIB price to jump today?
SHIB Name Service Update
Reporting from Coingape, the recently updated SHIB Name Service (SNS) was the main catalyst behind this surge in SHIB prices. SNS allows SHIB holders to personalize their Web3.0 identity, adding details such as place, gamertag and number.
This update is expected to not only improve the user experience in the decentralized ecosystem, but also make it easier to navigate long and complicated wallet addresses.
With the integration of Sovereign Self-Sovereign Identity (SSI) into all Shiba Inu projects, the SHIB community now looks forward to the launch of the unique SHIB identity scheduled for November 1, 2024.
