- Positive Projections for Shiba Inu
- Shiba Inu Market Cap Growth
- Positive Developments in Shiba Inu Ecosystem
A prominent figure in the Shiba Inu community, known as SHIB KNIGHT, has expressed confidence in the token's upward trajectory.
Positive Projections for Shiba Inu
According to SHIB KNIGHT, Shiba Inu (SHIB) is on the verge of reaching $0.00008616, surpassing its ATH of $0.00008845, recorded on October 28, 2021. The expert is optimistic about SHIB's prospects, asserting that the token is poised for significant growth and new records.
Shiba Inu Market Cap Growth
Recently, Shiba Inu's market capitalization saw a significant boost. The cryptocurrency added over $3 billion to its market cap in a single day, solidifying its position as the 13th largest cryptocurrency. As of now, SHIB boasts a market cap of $12.32 billion, placing it ahead of Chainlink (LINK), which holds the 14th spot.
Positive Developments in Shiba Inu Ecosystem
Confidence in SHIB's future is supported by several positive developments within its ecosystem. For instance, its Layer-2 blockchain, Shibarium, has seen an increase in its Total Value Locked (TVL) to $3.64 million, thanks to the launch of K9 Finance's liquid staking solution, Bonecrusher. The rise in transaction volume on Shibarium could reduce SHIB’s circulating supply significantly, potentially driving up the token’s price.
With the rise in market cap and positive changes in the Shiba Inu ecosystem, SHIB KNIGHT and other experts remain optimistic about the token's future.
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