K9 Mainnet Launch Could Propel Shiba Inu: New Prospects and Opportunities

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. K9 Mainnet Launch
  2. How Will This Help Shiba Inu?
  3. Chart Supporting the Launch


    4. Shiba Inu's ecosystem is preparing for a potential breakout thanks to recent developments. Recent updates include a major Shibarium upgrade and the launch of the new K9 Mainnet platform.

    K9 Mainnet Launch

    Shib's marketing lead, Lucie, shared details of the new product on her X account, announcing that the wait is over. K9 Finance Dao, an official Shib project, launched a liquid staking platform for Shibarium called Bone Crusher. Shiba users can now stake their Ethereum $BONE on Shibarium and earn $knBONE for farming rewards on the K9 platform. According to the Shibarium Network, the new product includes liquid staking for $BONE, Real Yield Staking for $KNINE, farming $knBONE, and vesting $esKNINE.

    The wait is finally over.Lucie, Shib Marketing Lead

    How Will This Help Shiba Inu?

    The launch of the K9 Mainnet aims to boost Shibarium usage and increase Shiba Inu's price. The team took nearly a year to develop and launch this product. According to Defillama, Shibarium currently has a total value locked of $1.21 million, and the new liquid staking feature will help increase this. As transactions on Shibarium rise, the burn rate will also increase, ultimately reducing supply and pushing Shiba Inu's price upward.

    Chart Supporting the Launch

    Shiba Inu is showing a notable rebound after the K9 Mainnet launch. Since its release, the price has surged by 7.61%, currently trading at $0.00001396. The Relative Strength Index (RSI) has more than doubled from 35 points to a current 72.83. The moving averages are also aligning to support the price increase. All this occurred within hours of the K9 Mainnet launch.

    SHIB is showing a remarkable bounce-back after the K9 Mainnet launch.

    The rise in Shiba Inu's price hours after the K9 Mainnet launch suggests a potential bullish trend for the cryptocurrency. The Shiba team’s dedication and the community's rapid adoption of new updates indicate that these features could significantly increase the price in the near future.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

XRP's Technical Indicators Point to Potential Bullish Momentum

XRP's technical indicators suggest a possible bullish crossover, despite a bearish death cross setup.

user avatarMaya Lundqvist

Crypto Market Sees Recovery as Bitcoin Surges Above 80,000

Crypto traders are feeling more optimistic today as Bitcoin has climbed back above 80,000 after a tough period marked by a Federal Reserve rate hike and a Senate vote against the Clarity Act.

user avatarLeo van der Veen

US Treasury Targets BitBank in Sanctions Evasion Crackdown

The US Treasury has sanctioned BitBank, an Iranian exchange involved in facilitating Bitcoin payments for shipping companies in the Strait of Hormuz.

user avatarLi Weicheng

Solana Reclaims 105 Price Level After Market Dip

Solana's price recently fell to 96 after a marketwide dip but has since rallied to reclaim the 105 mark, experiencing a 56% increase in the last 24 hours.

user avatarAisha Farooq

MEXC Launches 'Trading Takes Two' Campaign to Showcase AI Capabilities

MEXC is launching a month-long campaign titled 'Trading Takes Two' to showcase how MEXC AI supports users in their trading journey.

user avatarTenzin Dorje

HTX Research Highlights Risks in Stock-Linked Memecoins

HTX Research's report highlights the risks of stock-linked memecoins, focusing on misleading high APY figures and the importance of understanding market conditions.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.