Hi Readers,
It is needles to recall that SHIBA Inu is a meme coin that has introduced with a copycat model of DOGE Coin in 2020. As the meme coin DOGE gained a lot of attraction and momentum with the market, the introduce of SHIBA Inu is considered as a DOGEKiller. With the lower price of SHIBA Inu attracted everyone in the Crypto Space.
Being SHIBA Inu built Etherium Block Chain and do not have its own block chain built so far. Thus, SHIBA Inu can not be used for dApps. But the news are out that SHIBA Inu is working on its own Layer 2 blockchain.
SHIBA Inu made many millionaires in the Crypto Space with the extreme pump and many followers were astonished with the performance of SHIBA Inu.
With the recent Crypto Crash, SHIBA Inu was greatly beaten and many thought that the prospects of SHIBA Inu were slim.
To the surprise of everyone, SHIBA Inu gained momentum again. It gave a > 50% pump from the lower price.
(SHIBA Inu to enter into Metaverse. Photo Courtesy: https://blog.shibaswap.com)
Still, SHIBA Inu trades a low around 70% from its All Time High (ATH), SHIBA Inu registered again that there are much prospects and moment with it.
Some of the promising news with SHIBA Inu are
- SHIBA Inu's team is strong, engaged with various projects.
- The SHIBA Inu community is growing.
- The bigger whales with the Etherium block chain bought millions of SHIBA Inu during the Market Crash.
- SHIBA Inu is said to be working its own block chain called- Shibarium which would be a Layer 2 on the current Etherium Block Chain. It means many DApps would be built on it. It will lessen the high amount of the gas fee of the Etherium block chain.
- And finally the good news has come from SHIBA Inu is that it will enter into the Metaverse, said in a recent tweet.
So, it seems to be yet another good year for SHIBA Inu!
Let's also keep SHIBA Inu in our watch list for investment!!
