The Upcoming “Shibarium Journey”
The Shiba Inu price appears to be stabilizing amidst the volatile crypto market. Lucie, the marketing manager of Shiba Inu, recently shared important insights about the upcoming developments in a tweet where she revealed the roadmap for the anticipated “Shibarium journey.”
Lucie emphasized the magnitude of the journey, stating that it requires time and commitment. The goal is to create exceptional decentralized applications (dApps) that people will love and use. The roadmap includes plans for the development of SHIB, BONE, and LEASH tokens, with a focus on ensuring their value and utility within the ecosystem to attract more users and investors.
In addition to dApps, Lucie highlighted their focus on creating innovative Shiboshi NFTs and the SHIB Metaverse. These virtual realms will serve as vibrant hubs for the community to connect and explore, fostering a sense of community.
Lucie affirmed their commitment to building Shibarium as a successful L2 solution. Collaboration, innovation, and dedication form the foundation for the tokens and the thriving Shibarium ecosystem.
Concerns About Shibarium’s Development
However, not all members of the SHIB community are satisfied with the current trajectory of the project. Some have expressed concerns about Shibarium’s development in terms of major dApps not being operational yet. There has also been a decline in user and transaction statistics on Shibarium.
A tweet from @a_king_li highlights these concerns, calling for the release of official cooperative ecosystems or swap platforms to instill trust and attract funds.
Shiba Inu Price Stabilizes
The stagnation in Shibarium’s development may be contributing to dissatisfaction among community members, as well as recent price action for SHIB. The SHIB price is currently influenced by a quadruple bottom formation and a descending triangle pattern.
On the 1-week chart, there is potential for a bullish surge of up to 250% if the quadruple bottom pattern plays out. However, the descending triangle pattern suggests a bearish downturn. Currently, SHIB’s price has fallen below the crucial neckline of the descending triangle.
SHIB has stabilized and recovered slightly, but it needs to record a weekly close above a certain level to confirm the bullish trajectory. If not, it could fall towards the yearly low.
Hot Take: Challenges and Opportunities for Shibarium
While the upcoming Shibarium journey holds promise for Shiba Inu and its community, there are challenges that need to be addressed. The concerns raised by community members regarding the development of major dApps and declining user statistics should be taken seriously. It is crucial for Shiba Inu to deliver on its roadmap and bring forth innovative, user-centric dApps that will revolutionize the decentralized world.
On the other hand, the stabilization of SHIB’s price and the potential for swift recoveries provide hope for investors. By overcoming these challenges and fulfilling their commitments, Shiba Inu can solidify Shibarium as a successful L2 solution and shape the future of decentralized applications.
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