Shiba Inu’s $12 Million Funding and Price Surge π
Shiba Inu has raised $12 million from global investors to develop Shibarium and become a meme project hub. The price of SHIB has surged by 17% in the last week, with further increases anticipated. Here’s what you need to know:
Shiba Inu’s Multi-Million Initiative π
Recently, Shiba Inu secured a $12 million funding round from non-US strategic partners like Animoca Brands and Polygon Ventures. This investment aims to propel Shibarium as a center for meme-themed projects. Here are the key takeaways:
- A group of investors acquired TREAT tokens, a reward cryptocurrency on Shiba Inu’s layer-2 scaling solution, Shibarium.
- The funds will be utilized to develop blockchain technology with fully homomorphic encryption, enhance security, ensure regulatory compliance, and establish Shibarium as a global meme hub.
- Partnerships with D3 for .shib domain, affiliations with organizations like CDSA, and collaborations with the Manny Pacquiao Foundation are also in the pipeline.
Anticipating a SHIB Bull Run π
SHIB has been one of the best-performing cryptocurrencies lately, with a 17% increase in price over the past week. Industry experts predict a potential bull run and further gains. Here’s what analysts are saying:
- Analysts like Nebraskagooner foresee a bullish trend, expecting SHIB to surge if it breaks the $0.00002710 resistance level.
- Notable figures such as Rekt Capital and Jake Gagain have shared positive outlooks on Shiba Inu, with projections of a triple-digit price surge and warnings against underestimating the meme coin.
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