Image from:
https://www.coindesk.com/price/shiba-inu/
Siba Inu coin was relatively flat today with an increase in price of 0.62% to $0.000001079.
Shiba Inu (SHIB) is down approximately 75% YTD following the greater cryptocurrency market. Signs of further adoption and the impending release of the SHIB DeFi platform and blockchain called the "Shibarium" are price catalysts.
Stats:
Marketcap Rank: 14
Marketcap: $5,912,281,303
Daily Volume: $738,610,977
Data from Coinmarketcap:
https://coinmarketcap.com/currencies/shiba-inu/
In the News:
SHIB has been added as a payment option on Fireblocks, which is a Cryptocurrency payment app. This is great news for adoption and usage:
https://www.crypto-news-flash.com/shiba-inu-multi-billion-dollar-company-adds-shib-as-payment-option-will-shib-go-to-1/my
I am a SHIB enthusiast, investor and cryptocurrency trader with an interest in the crypto space. My first encounter with SHIB was on Uniswap in 2021, and I have been following it ever since. I believe that SHIB will thrive when it becomes its own blockchain asset, and that the Shibarium is key to its development.
The community, developer support and technology of SHIB makes it a great asset to accumulate. Expect to see further DeFi and payment developments as time goes by. We are all early adopters at this time, and the winds will move in our favor.
It was amazing to watch the run up in Shiba Inu coin in 2021. Some huge developments are coming I'm glad that I actually got the account name "Shibarium", as it is a passion of mine. Shiba Inu's presence on both Robinhood and Coinbase make it a great asset to buy at these levels, and the Fireblocks news is great. We need more ways to play with cryptocurrency, and that is a good interim solution.
I expect huge things from the Shibarium, which is the independent blockchain of SHIB. Right now, SHIB is an Ethereum asset with high gas fees, and SHIB stands to be a great asset with low or no fees for DeFi operations.
Let's go SHIB!