The crypto & stock markets experienced an all-around dip last weekend, with Bitcoin (BTC) shortly falling off the triple-digit price territory. While the flagship digital asset traded at the monthly lows of $98.6K, the mainstream Japanese hunting dog-embossed Shiba Inu (SHIB) slumped by 12%.
Shiba Inu’s Price Bounces Off Double Bottom
This had Shiba Inu’s (SHIB) price briefly dancing around the dangerous $0.00001 territory, but a short bounce back followed to restore $0.0000107, sheltering Shiba Inu (SHIB) from adding an extra zero to its market value for the first time since February, 2024. Since many crypto analysts believe SHIB’s price has hit the floor, the double-bottom could fuel a 62% rebound rally.
Whilst the crypto bear market remains in place, Shiba Inu’s (SHIB) dedicated developer team continues to build through the crypto winter. In the latest update, Shibarium’s Team Lead Lucie S touched upon Shibarium team’s aspirations to build a digital foundation for the multi-million people community, popularly referred to as SHIB Army.
Shiba Inu Ecosystem Poised For Breakout?
In their latest Spotify podcast episode, Shibarium’s lead developer Shytoshi Kusama delved into Shiba Inu’s Ecosystem, now revolving around a flurry of advanced developer tools, including the recently-introduced Shiba Alpha Layer. Additionally, the Shibarium dev portal hosts free faucet access to Bone ShibaSwap (BONE), the gas fee token of Shiba Inu’s Layer-2.
Ready-to-use API keys, private Remote Procedure Call (RPC) endpoints and more dev perks await builders in the upgraded Shiba Alpha Layer, but the Spotify podcast surprised many crypto market observers when Shy Kusama said “we’re just one killer app away for turning this whole thing upside down”.
With the mysterious message, SHIB’s lead dev is likely referring to the SHIB Hub, a super app in the making. The talks around this all-around app, hosting Play 2 Earn games, Web3 social networking, crypto & non-fungible token (NFT) marketplaces & metaverse projects have first surfaced in August, 2024.
On The Flipside
- No official launch date for the SHIB Super App has been given yet, but it might fall in line with the launch of Shibarium’s Layer-3 version.
Why This Matters
Building decentralized applications (dApps) around a loyal crypto community can help the meme coin maintain its long-term value, pushing SHIB beyond the usual memecoin limits.
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Shiba Inu’s lead dev, Shytoshi Kusama, dropped hints about a game-changing Super App that could skyrocket SHIB’s ecosystem. It’s set to blend DeFi, NFTs, gaming, and more, potentially contributing towards SHIB’s value.
The Super App could turn SHIB from a meme coin into a Web3 powerhouse, with ShibHub as its core. Devs say it’s one killer app away from flipping the crypto game—brace yourself for a SHIB moonshot!
If the Super App delivers, SHIB’s utility could explode, driving demand and price spikes. With whale inflows up 1,048% and burns surging, SHIB’s could be primed for a bullish breakout!
No confirmed date yet, but Kusama’s dropping hints, and Shibarium’s upgrades keep the vibe strong. The SHIB Army’s expecting it to hit soon, but not before the Layer-3 launch.
The Super App might drive more use for SHIB, especially with 1,048% whale inflow spikes & token burns heating up. Price action depends on how the app lands, though!
