Shiba Inu Community Unveils KNINE Launch, SHIB Price Drops
The Shiba Inu community has announced plans to launch KNINE, a liquid staking derivatives token, on Shibarium. This follows Shiba Inu’s partnership with K9 Finance to facilitate BONE staking on Shibarium. The launch of KNINE is set for March 7, 2024, as the Shiba Inu ecosystem continues to see significant developments.
Despite these advancements, the price of SHIB has dropped after experiencing significant gains recently. This divergence between community progress and price movement has sparked speculation about the token’s potential to reach $0.00001.
KNINE Launch Amidst Wave of Developments
The Shiba Inu community has made several breakthroughs in recent days, gaining attention in the crypto world. The partnership with K9 Finance enables seamless BONE staking on Shibarium. However, despite the KNINE launch, the BONE token has seen a considerable drop in value.
Other developments, such as the upcoming ERC-404 SHEboshi, Shiboshis utility, and Marswap integration, further demonstrate efforts to enhance SHIB tokenomics. Nevertheless, the price of Shiba Inu has taken a bearish turn amidst these advancements.
Shiba Inu Price Decline
The current price of Shiba Inu has dropped by 2.21% over the past 24 hours and is trading at $0.00000976. While the token experienced an upward movement recently, nearing the $0.00001 mark, it has since turned bearish. Despite this decline, market enthusiasts are closely monitoring the token as various community efforts are underway, including SHIB burn and SHEboshi integration.
The Shib magazine predicts an upward movement for the meme coin, with expectations of surpassing the $0.00001 mark in the near future.
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