Shiba Inu Stands Out In Bearish Market; Price Surges While Major Cryptocurrencies Nosedive


that claims to be driven by its community, has withstood the carnage of the bloody market, seeing a massive jump in its price when prices of other major crypto assets were nosediving.

The Shiba Inu community, more popularly known as the Shib Army, has proven to the world that its faith in the dog-theme altcoin SHIB is not misplaced. The past weeks saw a massive price dump among major cryptocurrencies in the industry with Bitcoin, the world’s largest cryptocurrency in terms of market capitalization, falling below its $ 20,000 threshold.

And while some investors sell their stocks, most of the Shib Army were buying the dip and taking advantage of the low price. SHIB saw a 45.5 percent increase in its price from Tuesday’s $ 0.00000811 to Wednesday’s $ 0.0000118.




Photo: With permission from @GossipShib Twitter

This faith within the community stemmed from the development team’s lineup of upcoming projects that are scheduled to roll out this year. This includes the highly anticipated Layer-2 solution dubbed Shibarium, which is believed to be released sometime in June or in the Q3 of this year at the earliest.

Shytoshi Kusama, the lead developer of Shiba Inu, earlier said that it has asked the team to “beef up” the development of the L2 solution. It is said that Shibarium is currently in its final stage of development and it’s only a matter of time before it could officially launch. Shiba Inu Games is also set to launch in the Q3 of this year with PlaySide Studios and William Volk at its helm.


Original Article reposted fromSource link

Disclaimer: The website autopost contents from credible news sources and we are not the original creators. If we Have added some content that belongs to you or your organization by mistake, We are sorry for that. We apologize for that and assure you that this won’t be repeated in future. If you are the rightful owner of the content used in our Website, please mail us with your Name, Organization Name, Contact Details, Copyright infringing URL and Copyright Proof (URL or Legal Document) aT spacksdigital @ gmail.com

I assure you that, I will remove the infringing content Within 48 Hours.

Leave a Reply

Your email address will not be published.

World News

POLICE BRIEFS: Paris man arrested after wreck

Paris police responded to a motor vehicle accident in the 1900 block of North Main Street Tuesday evening after the driver walked away from the scene. Original Article reposted fromSource link Disclaimer: The website autopost contents from credible news sources and we are not the original creators. If we Have added some content that belongs […]

Read More
World News

Бузова отреагировала на слухи о своём романе с политиком: "Я была бы и рада"

In the last few episodes, this is the first time Бузовой гузовой завязались Romantic отношенияand not in the summer, or in the summer solstice in the southern part of the country. Более того, блогер Tatarka FM в YouTube-шоу “Злые языки” рассказала, что отношения у бывшей ведущей “Дома-2” настолько серьёзные и давние, что она собирается выйти […]

Read More
World News

Boris Johnson Rules Out Snap Election As Resignations Mount

<!– –> Boris Johnson rejected calls by the Labor Party to call a snap general election. London: British Prime Minister Boris Johnson Wednesday rejected calls by the Labor opposition to call a snap general election, after more than two dozen ministers quit his government. “I really don’t think that anybody in this country wants politicians […]

Read More