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HomeCrypto NewsMarketShiba Inu Community Celebrates Thanksgiving in Grand Style

Shiba Inu Community Celebrates Thanksgiving in Grand Style

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The Thanksgiving message from the Shiba Inu (SHIB) X account to the community sparked a thrilling meme fiesta, as the community reflects on its journey.

In its message to the community, the Shiba Inu X account emphasized how much it appreciated the community, calling the ShibArmy the “greatest community in the crypto space.” This message served as an avenue for members of the Shiba Inu ecosystem to showcase their creativity.

Community members flooded the Shibtoken X account timeline with colorful images of the Shiba Inu breed of dog, the project’s icon.

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Recanting the Shiba Inu and Community Journey

Since its inception, Shiba Inu has always branded itself as a community-driven project. From its early days, Shiba Inu shared its visions with the community who vehemently ran with the mantra.

As a result, the teeming community has pushed the relatively unknown token in early 2020 to one that is now worth $4,840,430,927 in market capitalization and ranked as the 19th largest digital currency.

The central vision driving the Shiba Inu community is the desire to dethrone Dogecoin (DOGE), the first “memecoin” in the Web3.0 world. While Dogecoin has an ambitious plan to touch $1, the goal for Shiba Inu hinges on the potential to soar to the $0.001 or $0.01 price target.

The lofty ambitions remain a key driver of bullish sentiments today. As the years go by, Shiba Inu has pivoted from a fun token to one with interesting utility to hold onto.

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Besides serving as a means of payment, Shiba Inu’s core developers also launched Shibarium, an Ethereum Layer-2 scaling solution with refined capabilities. 

Through Shibarium, innovators now build Decentralized Applications (DApps) with a key focus on bringing value to the community. Shibarium just crossed its 4 million transaction milestone, proof of its growing adoption by the community. 

Among the notable platforms launched thus far include the DEX platform Marswap and the Non-Fungible Token (NFT) trading platform Pawzaar.

Shiba Inu Price Outlook

The Thanksgiving celebration also served as an avenue to reflect on the growth made thus far. Shiba Inu’s market price came in at $0.000008203, up 0.77% as trading volume slipped 9% to $94,413,732.

Shiba Inu’s Year-to-Date (YTD) slump by 1.72% proves it has a relatively poor momentum when compared with its peers. Many analysts believe things get better from here with different projections detailing an uptrend for SHIB and Bard AI pegging the price of the token at $0.00001038 by the end of this year.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Author

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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