[ccpw id="39382"]

HomeCrypto NewsMarketShiba Inu Future is Bright As SHIB Price Do Not Reflect Developments: Team

Shiba Inu Future is Bright As SHIB Price Do Not Reflect Developments: Team

Date:

Written By:

Follow TheCryptoBasic

Despite Shiba Inu witnessing a recent price collapse, the ecosystem’s marketing lead, Lucie, still believes the future is bright for SHIB. 

She made the declaration while shedding light on the developments and growth happening behind the scenes for Shiba Inu. In an X post yesterday, Lucie characterized these developmental efforts as remarkable.

The marketing lead acknowledged that although these advancements may not immediately impact the price of Shiba Inu, she promised a bright future for the dog-themed token. 

- Advertisement -

Furthermore, she suggested that the ultimate goal is creating ‘something exceptional’ for Shiba Inu through ongoing developments and collaboration. 

SHIB Endures Intense Price Decline  

Lucie’s assertion comes days after she provided an outlook on the current market performance, with an emphasis on SHIB. It is worth mentioning that Shiba Inu suffered significant losses following the recent bloodbath in the market. 

The dog-themed token, which spiked above $0.000045 in early March, is currently down 60.8% at the current price of $0.00001762. 

Shiba Inu plunged to a 3-month low earlier this week, crashing to $0.00001638 on June 24. At the current price, SHIB is down 32.1% MTD, 28.1% in 30 days, and 42.3% in the past three months. 

- Advertisement -

In contrast, Shiba Inu has witnessed a daily surge of 1.76% over the past day, with a daily trading volume of $303.09 million. 

Team’s Focus on Long-Term Vision 

Although Shiba Inu has incurred significant losses lately, Lucie revealed that the team is focused on the long-term vision and is actively working behind the scenes to ensure future success. This behind-the-scenes effort involves developing utility projects that could potentially drive Shiba Inu’s adoption. 

In particular, the team is actively working to roll out the Shibarium version of Shiba Eternity – the ecosystem’s P2E game – for closed beta testing. The closed beta is scheduled to commence in Q3 2024, with public testing expected to follow soon after. 

Shiba Inu’s ecosystem team is also developing its metaverse project, SHIB: The Metaverse, with Lucie speculating that it could launch this year or next. Another project undergoing development is Shiba Inu’s upcoming L3 privacy blockchain

All Shiba Inu ecosystem projects are expected to drive the adoption of the ecosystem tokens, including SHIB, leading to a tremendous spike in their prices in the long term. 

DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

More from Author

Latest Stories

Guides