Shiba Inu Price Stabilizes As Marketing Lead Teases Upcoming ‘Journey’
October 13 2023 - 8:30AM
NEWSBTC
Amidst waves of volatility in the crypto market, the Shiba Inu
price seems to be stabilizing. Meanwhile, Lucie, the marketing
manager of Shiba Inu, provided important insights into the upcoming
developments when she revealed the roadmap for the anticipated
“journey”. The Upcoming “Shibarium Journey” In her most recent
tweet, Lucie expressed the magnitude of the upcoming Shibarium
journey. She stated, “Embarking on the Shibarium journey is a big
task that demands a lot of time and commitment. Our goal is to
create outstanding decentralized applications (dApps) that people
will love and use.” Related Reading: Shiba Inu Price Dips Below Key
Support: Time To Enter Or Exit SHIB? Elaborating on the roadmap,
Lucie delved into the multifaceted strategy Shiba Inu plans to
deploy. She highlighted the significant plans in store for the
development of the project’s tokens, SHIB, BONE, and LEASH. Lucie
underscored the goal to ensure that these tokens are “not only
valuable but also have a strong utility within our ecosystem.” Such
enhancements are hoped to draw in more users and investors, thereby
amplifying benefits for the Shiba community. On the topic of
decentralized applications, Lucie emphasized their focus on
creating “exceptional dApps that will revolutionize the
decentralized world.” According to her, the forthcoming dApps will
be fashioned to be user-centric, innovative, and meet the demands
of the community. Lucie also touched upon the virtual realms the
team is concentrating on: the Shiboshi NFTs and the SHIB Metaverse.
She believes these virtual environments will “serve as vibrant hubs
for our community to connect, interact, and explore.” By shaping
immersive and captivating online spaces, Lucie anticipates
fostering a profound sense of community. Lucie wrapped up her tweet
affirming the commitment to Shibarium’s growth as an L2 solution,
stating, “Our steadfast commitment to building Shibarium as a
successful L2 solution remains unshakable.” She championed the
collaborative and innovative ethos that forms the foundation for
the tokens and the burgeoning Shibarium ecosystem, saying: This
journey, marked by collaboration, innovation, and dedication, is
the bedrock of our tokens’ triumph and the thriving Shibarium
ecosystem. Together, we’re shaping the future of decentralized
applications, one innovative step at a time. #ShibariumJourney
However, not all members of the SHIB community are on board with
the project’s current trajectory. A notable tweet from @a_king_li
read: “@ShytoshiKusama: L2 has been released for two months now,
and there are no major projects, no good ecosystem or trustworthy
swap. As a responsible official, should we release some official
cooperative ecosystems or swap, so that funds can come in with
peace of mind.” Related Reading: Shiba Inu-Based BONE Gearing Up
For Massive Rally, Here’s Why The concerns primarily arise from the
absence of any major dApp on Shibarium, as touched on by Lucie.
Notable projects like ShibaSwap and the Metaverse are yet to be
operational on Shibarium. Furthermore, there’s a noted decline in
Shibarium’s user and transaction statistics. After an initial hype
with over 200,000 transactions daily post-launch, recent numbers
hover above a mere 10,000 transactions per day. Shiba Inu Price
Stabilizes The stagnation in Shibarium’s development may be a
contributing factor to the dissatisfaction of some community
members, as well as SHIB’s recent price action. As detailed in
our last in-depth analysis, the SHIB price currently treads on
decisive technical grounds, influenced by two significant chart
patterns. On the 1-week chart, SHIB showcases a promising quadruple
bottom formation, indicating a potential bullish surge of up to
250% if realized. Contrarily, a descending triangle pattern, which
has evolved over 60 weeks, suggests a bearish downturn. This is
highlighted as SHIB’s price, currently at $0.00000682, has dropped
below the descending triangle’s crucial neckline of $0.00000715.
For now, SHIB has stabilized and recovered slightly, having already
fallen to $0.00000671 yesterday. Hope also comes from previous
instances, such as the dip in June followed by a 59% rally,
suggesting the potential for swift recoveries. However, for this to
happen, SHIB needs to record a weekly close above the $0.00000715
this week or next week. This might cement the bullish quadruple
bottom trajectory. In case the scenario does not play out, SHIB
could fall again towards the yearly low at $0.000006. Featured
image from Shutterstock, chart from TradingView.com
SHIBA INU (COIN:SHIBUSD)
Historical Stock Chart
From Jun 2024 to Jul 2024
SHIBA INU (COIN:SHIBUSD)
Historical Stock Chart
From Jul 2023 to Jul 2024