Shiba Inu’s Shibarium Adoption Grows, but SHIB Price Remains Unsteady
Shiba Inu’s Shibarium, an Ethereum layer-2 solution, has been gaining traction since its launch. However, despite its success, the price of SHIB has not seen steady growth, causing concerns within the project. To address these concerns, Lucie, a member of Shiba Inu’s development team and content marketer, took to social media to reassure the community.
Quieting The Storm
In her tweet, Lucie acknowledged receiving numerous direct messages from concerned community members. She clarified that these concerns were mostly fueled by SHIB pessimists trying to promote their own projects. Lucie emphasized that there is no need to worry as market volatility is expected in the cryptocurrency industry.
I’m tweeting from my vacation because I’ve received numerous DMs from concerned individuals wondering if something is amiss amidst all the FUD… Relax, folks. There’s no need to worry. The market is the market, and FUD is just a bunch of desperate losers attempting to peddle…
— 𝐋𝐔𝐂𝐈𝐄 | propelling it to the 14th largest crypto in market capitalization.
This enthusiasm has now waned, as SHIB is now down 13% in a monthly timeframe and has slipped down to 17th in the market cap rankings. In response to this waning enthusiasm, Lucie employed the SHIB Army ecosystem to stay focused on SHIB’s upcoming bull run.
“$SHIB is strategically positioning itself for the upcoming bull run,” the tweet said. “Bone will recover once Shibarium is established, and we’ll focus on serious projects, not quick pumps and dumps.”
What’s Next For The Shiba Inu Ecosystem?
Currently, Shiba Inu is experiencing calm price action, with SHIB trading at $0.00000726. However, the development team has hinted at ongoing projects behind the scenes. Shibarium, the layer-2 solution, has also been meeting expectations with 1.24 million wallet addresses and nearing three million total transactions.
In addition, Shibarium recently welcomed an Italy-based fast food franchise called Welly to its blockchain. The franchise aims to utilize Shibarium’s technology for managing operations, customer loyalty, and incentives. The Web3 restaurant will operate in Naples and seeks expansion with support from the SHIB community and Shibarium blockchain.
Hot Take: Shibarium Adoption Grows Despite Unsteady SHIB Price
Shiba Inu’s Shibarium has gained significant adoption since its launch, attracting millions of wallet addresses and transactions. However, the price of SHIB has not seen steady growth, causing concerns within the community. Lucie from Shiba Inu’s development team reassured the community that these concerns are driven by skeptics looking to promote their own projects.
While SHIB’s price has experienced a decline recently, Lucie emphasized that the project is strategically positioning itself for an upcoming bull run. Additionally, ongoing projects and partnerships continue to be developed behind the scenes. Shibarium’s recent collaboration with an Italian fast food franchise demonstrates the potential of the blockchain technology in real-world applications.
Overall, despite fluctuations in SHIB’s price, Shibarium’s adoption and the team’s commitment to long-term projects indicate a promising future for Shiba Inu.
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