Shiba Inuโs Shibarium Adoption Grows, but SHIB Price Remains Unsteady
Shiba Inuโs Shibarium, an Ethereumย (ETH) layer-2 solution, has beenย increasing traction since its launch. Nonetheless, regardlessย of 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 Inuโs 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 madeย itย clearย that these concerns were mostly fueled by SHIB pessimists attemptingย to encourage their own projects. Lucie emphasized that thereย is no need to worry as volatility of the market is expected in the digitalย currency industry.
Iโm tweeting from my vacation because Iโve received numerous DMs from concerned individuals wondering if something is amiss amidst all the FUDโฆ Relax, folks. Thereโs no need to worry. The market is the market, and FUD is just a bunch of desperate losers tryingย to peddleโฆ
โ ๐๐๐๐๐ | propelling it to the 14th largest cryptocurrency 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. Asย aย result to this waning enthusiasm, Lucie employed the SHIB Army ecologicalย system to stay focused on SHIBโs upcoming bull run.
โ$SHIB is strategically positioning itself for the upcoming bull run,โ the tweet stated. โBone will recover once Shibarium is established, and weโll focus on serious projects, not quick pumps and dumps.โ
Whatโs Next For The Shibaย Inuย (SHIB) Ecosystem?
Asย ofย now, Shibaย Inuย (SHIB) is experiencing calm price action, with SHIB currentlyย worth $0.00000726. Nonetheless, the development team has intimated at ongoing projects behind the scenes. Shibarium, the layer-2 solution, has likewise been meeting expectations with 1.24 Million wallet addresses and nearing 3 Million total transactions.
Additionally, Shibarium recently welcomed an Italy-based fast food franchise wasย known Welly to its blockchain. The franchise intendsย to utilize Shibariumโs technology for managing operations, customer loyalty, and incentives. The Webย 3.0 restaurant will operate in Naples and seeks expansion with support from the SHIB community and Shibarium blockchain.
Hot Take: Shibarium Adoption Grows Regardlessย of Unsteady SHIB Price
Shiba Inuโs Shibarium has gained wholeย lotย of adoption since its launch, attracting millions of wallet addresses and transactions. Nonetheless, the price of SHIB has not seen steady growth, causing concerns within the community. Lucie from Shiba Inuโs development team reassured the community that these concerns are driven by skeptics looking to encourage their own projects.
Althoughย while SHIBโs price has experienced a decline recently, Lucie emphasized that the project is strategically positioning itself for an upcoming bull run. Inย addition, ongoing projects and partnerships continue to be developed behind the scenes. Shibariumโs recent collaboration with an Italian fast food franchise demonstrates theย capacity of the blockchain technology in real-world applications. Overall, regardlessย of fluctuations in SHIBโs price, Shibariumโs adoption and the teamโs commitment to long-term projects indicate a promising future for Shibaย Inuย (SHIB).
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