Shiba Inu has grown by 27.14% in the last 7 days. Its token value was $0.00001874 at the time this article was written. While SHIB has dropped 4.44% in the last 24 hours, it is believed to be starting with recent developments and upcoming ecosystem upgrades. Price is soaring and holders are bullish, plus there is a surging interest from investors.
For starters, according to K9 Finance’s liquidity staking model, Shibarium’s total value locked (TVL) reached an all-time high. Shibarium has committed to offering an enhanced scalability solution, lower fees, and faster transactions. The performance of K9 Finance clearly demonstrates that the native ecosystem is upholding this commitment. This attracts a significant number of developers and users from the DeFi landscape.
After integrating Visa and Mastercard, ShibaSwap is next on the list. In a ground-breaking move to further democratize access to digital tokens, they are preparing to enable token purchases. Users would now be able to conveniently obtain tokens like BONE and USDC from the platform using their credit or debit cards. It represents a significant step towards adoption—the same being addressed in the Shib Magazine as Bridging the Gap.
It also digs into the features of Shibarium, ShibaSwap, and Shib.io.
The launch of SHI, a stablecoin by the Shiba Inu ecosystem, is pinned as one of the most anticipated moves to happen at the earliest. SHI stablecoin is scheduled to go live tentatively by the end of this year, that is, 2024. On September 26, 2024, the unveiling caused a jump of almost 13% in the value of SHIB. Lucie shared details about the stablecoin, who called it a crucial development under the works.
Another major weekly recap for Shiba Inu pertains to community giveaways, which are an extension of Shibarium giveaways. It promised to offer a sweet surprise to participants at the ShibaCon event, details about which are expected to come soon.
Predictions for SHIB are bullish, including for the near-term duration. Shiba Inu tokens are projected to rise by 0.03% in the next 30 days for a value of $0.00001958. This will follow a predicted surge of 112.51%, which is speculated to happen in the next 5 days for a value of $0.00004160.
According to data from Grayscale, Shiba Inu made the most gains in the last 7 days. It surpassed the likes of Cardano, Dogecoin, and Solana. SHIB achieved returns of 32.1% in a week, starting on September 19 and ending on September 26, 2024. With a market cap of approximately $12.4 billion, the YTD return was 80.6%. Cardano, Dogecoin, and Solana followed with a weekly return of 14.5%, 12.4%, and 9%, applicable in the same order.
Source: https://www.cryptonewsz.com/shiba-inu-weekly-recap-milestones-and-meteoric-rises/