Home Blog Page 1483

Dogecoin Price Analysis: Can DOGE Stay Above $0.15 amid BONK Dominance

Mark Brennan
-
0

Dogecoin (DOGE) opened trading at $0.15 on April 26 after a third consecutive day in decline, while rival memes BONK and PEPE registered double-digit gains for the week.

DOGE Price Underperforming Compared to Rival Memes

Bitcoin Halving dominated headlines at the start of the week with fanfare surrounding the landmark event cutting across crypto-native and tradfi media like.

But curiously, prominent Proof-of-Work coins including have struggled for momentum since the April 20 event, as crypto investors grow skittish and wary of a potential post-halving crash.

Dogecoin, the largest memecoin project and one of the few that deploy the PoW consensus mechanism, has been caught in the crosshairs.

Dogecoin (DOGE) Price action after Bitcoin (BTC) Halving 
Dogecoin (DOGE) Price action after Bitcoin (BTC) Halving

The Dogecoin price chart above shows DOGE is down 8.3% since the Bitcoin halving date. Looking at the broader memecoin market trends for the week, DOGE’s negative price performance appears to be an isolated pattern.

For context, rival mega-cap memecoins, BONK (+120%), PEPE (+70%), and Shiba Inu (+35%), have all registered considerable gains this week.

A closer look at the underlying on-chain data trends suggests that whale investors’ neutral position on DOGE and other PoW coins in the aftermath of the Halving played a critical role in the negative price action.

IntoTheBlock’s Large Transactions chart below tracks the daily number of unique confirmed transactions that exceed $100,000 in value. This serves as a proxy for monitoring real-time changes in whale investors’ trading activity.

Dogecoin Price vs DOGE Whale Transactions | IntoTheBlock
Dogecoin Price vs DOGE Whale Transactions | IntoTheBlock

On the Halving eve of April 19, Dogecoin whale investors executed 596 transactions, and it has been downhill since then. The latest Dogecoin network data shows that the figure has now dropped to 398 large transactions confirmed on April 25, representing a 34% decline in whales’ trading activity.

A prolonged drop-off in whale transactions, as observed on the Dogecoin network since the halving date, often negatively impacts price action for a number of reasons.

Firstly, whale transactions provide much-needed market liquidity. Hence, a decline exposes the native coin to risks of downward volatility, especially when traders sell off large positions.

Additionally, the absence of whale transactions signals a loss of confidence among institutional holders, triggering a negative sentiment shift among small-hold retail investors and swing traders who may follow suit and sell their holdings.

This cascading effect can further exacerbate selling pressure and contribute to a negative feedback loop, driving Dogecoin prices lower in the days ahead.

DOGE Price Forecast: The $0.15 Support is at Risk

At press time on April 26, the DOGE price is hanging above $0.15 by a hair’s strength, down 8.4% within the weekly timeframe. Drawing inferences from whale investors’ skittish sentiment shift in the aftermath of the Bitcoin Halving, the Dogecoin (DOGE) price looks set for an imminent downswing below that critical $0.15 support level.

IntoTheBlock’s In/Out of the Money Around Price (IOMAP) data, which groups existing DOGE holders according to their entry prices, also supports this pessimistic Dogecoin price outlook.

Screen Shot 2024 04 26 at 73757 AM
Dogecoin (DOGE) Price Forecast

The IOMAP chart above shows that DOGE faces a resistance cluster at $0.16, currently much larger than the immediate support buy-wall. In essence, a reversal below $0.15 appears to be the more likely outcome in the near term.

However, the 50,440 address that acquired 476 million DOGE at the average price of $0.14 could swing into action to trigger an early rebound and avert major losses.

Shiba Inu L2 Chain to Go Under Hard Fork

Abdulkarim Abdulwahab
-
0
Shiba Inu L2 Chain to Go Under Hard Fork

Shibarium, the layer-2 scaling blockchain of Shiba Inu, is set to undergo a hard fork in the next few days to improve the experience of the community and developers.

On Thursday, the Shiba Inu team announced this new development via its official X account. According to the notification, the upcoming technical advancement for Shibarium will be a transformative upgrade that brings to life a variety of functionality specifically intended to improve user experience and further empower innovators.

Shibarium Technical Upgrade

The announcement noted that the Shibarium technical upgrade will roll out next Thursday, May 2. Notably, this latest announcement comes just days after the Shiba Inu team disclosed revamping Shibarium’s UI, expanding support to industry wallet solutions such as MetaMask.

According to the Shiba Inu team, this upcoming hard fork is a necessary update for unleashing next-level capabilities within the Shibarium network. Moreover, they emphasized that it transcends mere technical adjustments. Instead, it is about delivering fresh value and streamlining interactions with the Shiba Inu network.

Specifically, this upgrade will usher in more dependable transaction fees and faster block processing times. The development team highlighted that these enhancements are in response to community feedback to improve the Shibarium platform’s usability.

Furthermore, under this hard fork, the Shibarium development team will mitigate transaction fee fluctuations that usually arise during periods of high network traffic. They aim to ensure that costs become more predictable and equitable for all users.

Moreover, the Shiba team emphasized that the forthcoming upgrade will enhance Shibarium’s usability, resilience, and security. It is also intended to push the limits of what is achievable in the decentralized finance (DeFi) space.

According to the team, these enhancements ensure users can access the finest tools to facilitate building and innovation. 

Shiba Inu Army Called to Participate

In parallel, the Shiba Inu team has called on the community to participate actively in the technical upgrade rollout.

“Your active participation is crucial. As we roll out these updates, your insights and engagement will help shape the ongoing evolution of Shibarium,” the statement read.

Meanwhile, reacting to the development, community members have requested specific information concerning whether the forthcoming technical adjustment will incorporate the much-awaited SHIB auto-burn. 

“If you are not gonna add auto-burn on this upgrade, then you are just disappointing some SHIB Army,” Lola, a prominent community member, remarked.

While the Shiba Inu team provided no specific details concerning auto-burns, they mentioned that the update incorporates features that enhance transparency and efficiency within the burn system.

Here is Latest Update on Ripple Vs SEC as of April 26

Lele Jima
-
0
Here is Latest Update on Ripple Vs SEC as of April 26

Magistrate Sarah Netburn has issued a scheduling order concerning Ripple’s motion to dismiss one of SEC’s expert materials in support of its remedies motion.

The ongoing legal tussle between the SEC and Ripple has continued to receive new updates that could potentially impact its outcome.

In the latest development, U.S. District Judge Sarah Netburn issued a new scheduling order focused on Ripple’s motion to exclude new expert materials the SEC submitted in support of its remedies-related brief.

Ripple’s Remedies Opposition Brief and Motion to Strike

For the uninitiated, Ripple recently filed its opposition to the SEC’s opening remedies brief, seeking to pay only $10 million in damages while also asking the judge to reject other requests proposed by the commission.

In addition to its opposition brief, Ripple submitted a motion to strike expert materials, which the commission submitted to further support its entry for final judgment and motion for remedies.

According to this motion, Ripple argued that the SEC failed to provide the expert materials from Andrea Fox, one of the commission’s top accountants, during the discovery phase of the remedies litigation.

Instead, the SEC submitted the expert materials at the same time it filed its opening remedies brief. Consequently, Ripple contended that the SEC’s action restricted its capacity to address the details of the expert report effectively.

Expectedly, the SEC opposed Ripple’s motion to strike the expert materials, with the parties proposing a new scheduling order to resolve the issue.

Judge Netburn Enters New Scheduling Order

In the latest update, Magistrate Netburn entered a scheduling order regarding Ripple’s motion to strike.

According to the order shared by James K. Filan, the SEC has until April 29 to respond to Ripple’s motion. Afterward, Ripple would file its reply three business days after that, or May 2, 2024. 

It bears mentioning that Ripple’s reply would be submitted four days before the SEC files its reply to the company’s remedies-related opposition brief. The court’s decision regarding whether to strike Fox’s declaration could play a major role in determining the final outcome of the remedies stage.

The expert report revolves around Ripple’s audited accounts and penalties for XRP’s institutional sales. Excluding it might negatively impact the SEC’s chances of getting the court to impose a fine of nearly $2 billion against Ripple.

Netburn Nominated as District Judge in SDNY

Meanwhile, the crypto community received interesting news earlier this week regarding Netburn’s nomination as a federal judge in the U.S. District Court for the Southern District of New York (SDNY).

SDNY is the same court Netburn has served as a magistrate in multiple cases, including the Ripple lawsuit. Interestingly, President Joe Biden nominated her, alongside six other individuals, to take up judicial positions in federal district courts.

Netburn’s nomination elicited reactions among crypto enthusiasts, with Coinbase’s chief legal officer Paul Grewal praising her for putting up a masterclass for the industry.

Netburn’s role in the SEC v. Ripple lawsuit cannot be overemphasized. XRP community members know her for criticizing the SEC for lacking faithful allegiance to the law. She also ordered the regulatory commission to surrender the drafts of William Hinman’s infamous 2018 crypto speech to Ripple.

With her nomination, Netburn could oversee prominent cases, including those related to the crypto sector.

Prominent Investor Says Shiba Inu to Hit $0.001 This Year

Abdulkarim Abdulwahab
-
0
Prominent Investor Says Shiba Inu to Hit $0.001 This Year

Prominent Bitcoin investor Armando Pantoja has argued that Shiba Inu could be at $0.001 this year or 2025 at worst.

Pantoja issued this bold call in a recent post on X, unveiling his price projections for 11 prominent cryptocurrencies. Shiba Inu featured on the list, with the Bitcoin investor suggesting SHIB’s potential to trade above $0.001. 

He specified a 2024 to 2025 timeline for his price forecasts to materialize. Remarkably, Shiba Inu trades with four leading zeros while the crypto pundit made this assertion. Essentially, Pantoja expects SHIB to have canceled out two more zeros this year or by 2025.

Notably, this is not the first time Pantoja has released $0.001 as his outlook for SHIB in this bull market. He has repeatedly called attention to the target, sometimes suggesting a 12-month timeline.

At press time, Shiba Inu trades at $0.00002459, marking a negative growth of 9.07% in the last 24 hours. To theoretically attain a price above $0.001 this year, Shiba Inu must advance by 3,966.69%.

Shiba Inu’s Likelihood to Attain $0.001

On the side of history, a 3,966% percentage growth rate is not a formidable feat for Shiba Inu. In the last bull run, Shiba Inu stunned the crypto market with an 884,400% upsurge, creating a massive sensation.

Remarkably, the 884,400% surge accounts for SHIB’s gain within a ten-month window in 2021. When considering its September 2020 bottom of $0.00000000008165, the gain becomes more staggering at 108,328,130%. This extraordinary outcome propelled many to the ranks of crypto millionaires and billionaires.

Moreover, Shiba Inu had barely any appeal or utility at the time beyond its meme-inspired nature. Now, Shiba Inu has secured numerous partnerships and launched utility-drive initiatives to potentially bolster its performance in the coming bull market.

Essentially, the Bitcoin investor is likely anticipating Shiba Inu to repeat history in this bull market as he provided no specific factor influencing his bullishness.

Furthermore, Pantoja anticipates BTC trading at $259K by next year. In this scenario, Google’s AI platform has argued an ambitious target of $0.00014 for Shiba Inu, reflecting Pantoja’s sentiment for $0.001.

Meanwhile, other platforms forecasting Shiba Inu’s ascent to $0.001 have not provided a 2025 timeline. For instance, Telegaon believes Shiba Inu’s maximum price by 2025 will be $0.0000728, which falls short of the asset’s all-time high. Telegaon thinks SHIB may attain $0.001 within the next ten years.

Here’s Shiba Inu Potential Growth Rate for May

Sam Wisdom Raphael
-
0
Here’s Shiba Inu Potential Growth Rate for May

Citing inputs from multiple reputable sources, this article examines how high Shiba Inu could rise in May 2024.

Shiba Inu has followed the trajectory of the broader market, as it starts shedding the gains of the recent recovery push. Despite the ongoing correction, which has seen it collapse by as much as 8% over the last 24 hours, SHIB continues to defend the $0.000025 territory.

However, as the month of April draws to a close, some market watchers expect SHIB to give up this support and trade at lower levels before month-end. While short-term sentiments remain bearish, long-term sentiments have been noticeably bullish, as optimism around the Bitcoin halving prevails.

As a result, some market watchers and investors expect Shiba Inu to perform well in May. Nonetheless, should this projected growth materialize, the rate at which SHIB could increase remains contested. The Crypto Basic evaluated this rate, taking considerations from multiple reputable platforms.

Shiba Inu Projected to Reach $0.00008 in May 2024

Notably, Changelly, a prominent crypto exchange, recently reported on Shiba Inu’s current position and its possible price trajectory in the next few months and years. Per the report, analysts at Changelly believe SHIB may rise to a maximum price of $0.00008740 in May 2024, representing a 248% increase from its current price.

These analysts also believe Shiba Inu would retain an uptrend throughout May, suggesting that its average price for the month would be $0.00006120. In addition, the Changelly report says SHIB would not trade below the $0.00003 threshold in May, projecting a minimum price of $0.00003490.

Crypto analytics resource CoinCodex is also bullish on Shiba Inu for next month. This bullish projection spills into the short term, with SHIB predicted to reach $0.00003278 in the next five days. In addition, CoinCodex sees SHIB hitting $0.00008284, marking a 230% rise from the current price. This aligns with Changelly’s projection.

Possible Rise to a Range of $0.00004 to $0.00007

While Cryptorank, another crypto analytics platform, does not particularly present Shiba Inu price projections, its analysis provides insights into SHIB’s potential trajectory for May. The Cryptorank algorithm leverages historical data to highlight its average performance in May. 

Historical data indicates that Shiba Inu has seen an average of 99% increase every May since its launch. This bullish rate is due to the upsurge in May 2021, which saw SHIB rise by 355%. Although Shiba Inu declined in May 2022 and May 2023, its average historical performance remains bullish.

From the current price, if Shiba Inu records this average increase of 99% in May 2024, its price could skyrocket to $0.00004991, surpassing the yearly peak of $0.000045 and hitting a value last seen in November 2021.

To explore varieties, The Crypto Basic sought ideas from AI, specifically Google Bard (now Gemini). We asked Gemini what it believes Shiba Inu’s price could rise to in May, given the current $0.00002508. The AI chatbot projected that SHIB could reach a range between $0.00004 and $0.00007, noting that this price bracket remains possible.

However, Gemini stressed that this scenario is speculative. The same applies to all the projections presented in this article. As a result, investors should not see them as investment advice. 

BONK Price Rockets 122%, Beats PEPE to Emerge Best-Performing Memecoin

Mark Brennan
-
0
BONK Price Rockets 122%, Beats PEPE to Emerge Best-Performing Memecoin

BONK price briefly grazed $0.000028 on April 24, marking a new peak for the month, with vital market data trends showing that BONK has now overtaken PEPE to emerge the best-performing memecoin over the last week.

BONK Price is Up 122% in Second-Half of April

Memecoins have once again taken center stage in the crypto market in the second half of April. Following the Bitcoin Halving, the big guns BTC and ETH have struggled for momentum, leading crypto investors to switch focus to other sub-sectors of the crypto economy.

Recent market data shows that BONK, the second largest memecoin on the Solana network has pulled disproportionately more traction, more than doubling its market capitalization in the last two weeks.

BONK Price action vs. PEPE | TradingView
BONK Price Action vs PEPE

Since rebounding from its monthly low of $0.000012 on April 13, BONK has surged by a whopping 130% to reach $0.000027 at the time of publication on April 25.

Notably, BONK’s 130% price surge in the last 12 days makes it the best performing memecoin in the top 50 crypto market rankings, while PEPE sits at a distant second-place with 109.8% gains during the same timeframe.

BONK Price Forecast: Imminent Breakout Above $0.000030.

Despite 130% gains in the last 12 days, technical indicators suggest that BONK price still has room for more growth, especially given that BTC and ETH are still in a consolidation phase.

Once the top 2 coins enter a recovery phase, the residual bullish tailwinds will likely trickle down towards the memecoin markets and possibly propel BONK prices even further.

BONK Price Forecast | TradingView
BONK Price Forecast

The Bollinger band further affirms this bullish BONK price forecast. The upper-limit band shows that BONK price is now on the brink of flipping the critical resistance line at $0.0000028. A decisive breakout above that level could see bulls set their sights on new peaks above the $0.000030 milestone.

On the downside, BONK stands the risk of a rapid reversal towards $0.000019, if the current stagnation observed in the BTC and ETH markets persists long enough to spook memecoin investors into cutting down on their positions.

On-Chain Data Signals Potential Upturn for Shiba Inu as Exchange Reserves Drop

Abdulkarim Abdulwahab
-
0
On-Chain Data Signals Potential Upturn for Shiba Inu as Exchange Reserves Drop

On-chain data suggests Shiba Inu may be getting set for a substantial uptrend as the SHIB reserves of centralized exchanges continue to dry up.

Shiba Inu recently encountered opposition at the $0.000028 threshold during its recovery move. SHIB later gave up the bullish ride and collapsed to as low as $0.00002457. Despite the bearish outcome, it still retails a 12.5% gain in its cumulative seven-day performance.

Meanwhile, on-chain data suggests a more sustained upsurge for SHIB may be around the corner. In particular, the supply of Shiba Inu on centralized exchanges has been in a downtrend since at least the last six months. Data from analyst platform CryptoQuant illustrates this trend. 

The Trend of Shiba Inu Reserve on Exchanges 

During SHIB’s peak at $0.00008845 in October 2021, the supply of SHIB on exchanges stood at around 149 trillion units. In March 2022, a sudden upsurge in the number of SHIB tokens on exchanges emerged, reaching a total of around 191 trillion. During this period, SHIB had dipped to around $0.000024.

With the influx of SHIB tokens onto exchanges enduring, Shiba Inu experienced further significant drops, plummeting to below $0.000007 by June 2022. This decline coincided with the exchange supply nearing 200 trillion tokens.

In the following months, the quantity of Shiba Inu tokens available on exchanges steadily decreased. Currently, it stands at approximately 157 trillion tokens, a level not seen since February 2022.

Shiba Inu
Shiba Inu reserve on exchanges CryptoQuant

Shiba Inu Takes Impact as Supply Drops

In late February, a more pronounced decline in the supply of Shiba Inu tokens on exchanges was observed, preceding a significant rally. 

For instance, on February 21, Shiba Inu was trading at $0.00000956, with over 162.5 trillion SHIB tokens available on exchanges. However, by March 5, when the exchange reserves had decreased by 4 trillion tokens as Shiba Inu hit a multi-year high of $0.000045.

The underlying factor is that as the number of Shiba Inu tokens available for trading on public platforms decreases, a scarcity element comes into play. This scarcity has the potential to drive price appreciation, provided that demand remains stable.

Lola, a well-known figure in the Shiba Inu community, recently weighed in on the decreasing supply trend in a post on X. She urged the SHIB Army to hold onto their SHIB tokens and not sell for less, projecting a potential uptrend.

Next Target for SHIB

Although the extent to which Shiba Inu’s price will respond to this trend remains uncertain, community analyst SHIB Knight has made a suggestion. Specifically, the analyst argued that SHIB can watch out for a rally that takes the asset to $0.000055 soon.

Terra Classic Community Rejects 10X Increase in Gas Fees

Lele Jima
-
0
Terra Classic Community Rejects 10X Increase in Gas Fees

The community behind Terra Classic (LUNC) has rejected a proposal aimed at increasing the network’s gas fees by a whopping 10x. 

For context, proposal 12095, dubbed “10X Gas Fees,” was launched on April 17 to raise Terra Classic network’s gas fees by 10x. The rationale behind the proposal was to deter spam attacks on the Terra Classic network. 

Mixed Reactions Trail Controversial Proposal 

Interestingly, the proposal received enormous support from community members shortly after its introduction, with several users initially voting in favor of increasing on-chain fees. 

However, things did not turn out as many expected after some top Terra Classic community members opposed raising the network’s gas fees.

Prominent Terra Classic validator Allnodes cast a dissenting vote in proposal 12095, expressing concern that its implementation would negatively affect restake operation costs. 

Following the concerns raised by Allnodes and other prominent Terra Classic community members, multiple validators also voted against the potential increase in the network’s gas fees.  

Consequently, proposal 12095 was rejected after receiving 44.83% “Yes” votes, 6.32% “No,” 35.31% “No with Veto,” and 13.54% “Abstain.” The result of the proposal was recently shared by a community-driven X account, “LUNC Army.” 

Reason Why Terra Classic Community Voted Against Proposal 

Meanwhile, another Terra Classic community-driven X account Marketing LUNC provided more insight into why the project’s enthusiasts rejected the proposal. 

According to the X post, the account emphasized that increasing the Terra Classic network’s gas fees by 10X is not the solution to combat potential spam attacks. 

They noted that the community rejected the proposal due to its potential negative impact on the overall ecosystem’s growth, support for decentralized applications (dApps), and transaction execution costs. 

It is noteworthy that Terra Classic users pay a minimum gas fee of 3.74 LUNC ($0.000385) to execute transactions on the network. If the proposal had passed, Terra Classic gas fees would have spiked to 37.4 LUNC ($0.00385). 

Notably, all Terra Classic transaction fees are split into two equal parts. While 50% of Terra Classic fees are allocated to staking rewards, the other 50% are allotted to the community pool. 

Meanwhile, the Terra Classic community is still focused on the ongoing revival campaign that could potentially bolster the price of LUNC to $1. As reported earlier, Binance recently reignited hope in achieving this dream after it incinerated 4.17 billion LUNC on April 1, bringing its total burns to 57.66 billion.  

Ethereum Investors stake $620M after Bitcoin Halving: What Next for ETH Price?

Mark Brennan
-
0
Ethereum Investors stake $620M after Bitcoin Halving: What Next for ETH Price?

Ethereum (ETH) price opened trading at $3,140 on April 25, as the pioneer smart-contract network begins to show early signs of an imminent recovery phase. On-chain data trends show ETH investors’ reaction to the Bitcoin halving could be pivotal to the next rally.

Is Ethereum price on the verge of revisiting $3,500?

Investors Stake ETH $620M Worth in 5-days

The Bitcoin network executed its 4th Halving on April 20, sparking wild volatility across the global crypto markets as investors move to front-run potential gains from the landmark event.

Since the Bitcoin halving, Ethereum price has struggled for momentum amid falling market liquidity and skittish sentiment among short-term swing traders. But curiously, on-chain data trends show that Ethereum node validators have taken on a more positive outlook. 

The chart below shows official data on the real-time changes in the number of ETH coins deposited in the Ethereum Proof-of-Stake (PoS) Beacon Chain smart contracts.

 

Ethereum (ETH) Stakers Deposit 200,000 ETH after Bitcoin Halving
Ethereum (ETH) Stakers Deposit 200,000 ETH after Bitcoin Halving

On the Bitcoin halving day on April 20, the total staking deposits on the Ethereum Beacon chain stood at 31.6 million ETH. Interestingly, investors have since staked an additional 300,000 ETH, bringing the total stake to 31.9 million ETH at the time of writing on April 25.

Like every PoS network, increasing number of staked coins enhances the security of the Ethereum network. But more importantly, it reduces the short-term market supply. During a period of slow market demand, this could be critical in slowing down the sell-side pressure.

Valued at the current prices, it implies that Ethereum have staked coins worth over $620 million within 5-days of the Bitcoin Halving. Evidently, this has played a pivotal role in helping ETH price defend the $3,000 support level in the last few days.

ETH Price Forecast: Rocky Road to $3,500

Albeit temporarily, node validators pulling $620 million ETH from the immediate market supply puts Ethereum price on course to consolidate above $3,000 as the bulls plot the next attempt at the $3,500.

However, to reclaim $3,500, IntoTheBlock’s In/Out of the Money chart below shows that ETH must first scale the looming sell-wall at the $3,250 territory.

Ethereum (ETH) Price Forecast | IntoTheBlock
Ethereum (ETH) Price Forecast | IntoTheBlock

As illustrated above, 2.1 million addresses had acquired 4.58 million ETH at an average price of $3,236. If they opt to exit at their break-even point, the ETH price could experience intense headwinds and struggle to break above $3,250 in the near term.

If the Ethereum stakers keep depositing more coins into the Beacon chain, bulls could capitalize on the thinning market supply to stage a decisive breakout above $3,500.

However, in the event of a bearish reversal, ETH could tumble as low as $2,918 before finding a formidable support cluster.

Shiba Inu Outlines What’s Coming For Shibarium

Lele Jima
-
0
Shiba Inu Outlines What’s Coming For Shibarium

Shiba Inu outlines upcoming developments in the Shibarium ecosystem slated for implementation in the 2024/2025 cycle.

Notably, Shiba Inu’s marketing lead, Lucie, outlined the upcoming Shibarium-related developments in a recent tweet. 

The upcoming release of the updated version of ShibaSwap, the official decentralized exchange (DEX) of the Shiba Inu ecosystem, is at the top of the list. According to Lucie, both versions 1.75 and 2.0 of ShibaSwap will launch in 2024/2025. 

As disclosed by Shiba Inu’s lead developer, Shytoshi Kusama, ShibaSwap 1.75 will come before the highly anticipated ShibaSwap 2.0. The upcoming upgrades will introduce new and improved features to the DEX and enhance user experience. 

Another update expected to roll out in the Shiba Inu ecosystem in 2024/2025 is Shiba Hub, an app developers tagged as “something extraordinary.” The upcoming app will integrate Shibarium and serve as a resource center and community forum. 

Also, Lucie disclosed that upcoming Shiba Inu ecosystem token, TREAT, would be publicly launched by 2024/2025. Upon its public launch, TREAT will play pivotal roles within the Shiba Inu ecosystem, such as serving as a reward token for users who stake SHIB across various liquidity pools. 

Interestingly, TREAT would also function as a governance and gas fee token for the ecosystem’s upcoming Layer-3 blockchain solution. 

The fourth upcoming development slated to launch in the Shibarium ecosystem in the same time frame is the play-to-earn (P2E) version of Shiba Eternity, Shiba Inu’s collectible card game (CCG). 

As reported earlier, the beta testing of Shiba Eternity’s P2E version will commence in Q2 2024. In anticipation of the event, developers have been testing the game in-house in order to identify and resolve all issues associated with the version developed by PlaySide Studios.

Other Upcoming Shibarium Projects  

Additionally, Lucie stressed that Shiba Inu’s metaverse project, SHIB: The Metaverse, would be making its debut in 2024/2025. 

Recall that the team behind SHIB: The Metaverse announced plans to partially open the project by the end of 2023. However, this has not happened as the community continues to anticipate the project’s launch. Notably, Shiba Inu is eyeing to open the project in 2024/2025. 

Furthermore, Lucie mentioned that K9 Finance’s liquid staking derivative platform would be launching on Shibarium in 2024/2025. This disclosure corresponds with a similar update shared by The Crypto Basic. 

As reported earlier, the launch of K9’s staking decentralized application will commence in three phases this year. While the first phase will roll out by Q2 ending, the last phase will occur in Q4 2024. 

Lucie also highlighted Shiba Inu’s upcoming Layer-3 (L3) blockchain among the list of projects expected to launch in 2024/2025. Recall that Shiba Inu recently raised $12 million in an investment round focused on developing a new privacy L3 blockchain for the cryptocurrency.

Notably, the layer-3 blockchain, which is still in development, is expected to launch on Shiba Inu’s L2 scaling solution, Shibarium. This will begin with the rollout of its testnet in Q3 2024.  

Lastly, the marketing expert noted that Shiba Inu would have a fully functional decentralized autonomous organization (DAO) for its native tokens, including SHIB and BONE, by 2024/2025. 

Overall, the upcoming developments indicate continued growth and innovation within the Shiba Inu ecosystem, with emphasis centered on improving the cryptocurrency’s DeFi, gaming, community engagement, and technical infrastructures. 

1...1,4821,4831,484...2,670Page 1,483 of 2,670