• Shiba Inu has been making headlines recently as its token price continues to rise, and has been named the most popular starter crypto by Nansen.
• Shibarium, the ecosystem’s L2 solution, is nearing its launch, which will give the token more utility.
• Shiba has also entered the world of GameFi with Shiba Eternity, though the blockchain version of the game has yet to launch.
Shiba Inu, the beloved meme coin, has been making headlines in the past few days as its token climbs in price along with other altcoins. As the token’s popularity rises, so too does its potential usefulness, with the recent buzz around Shibarium, the ecosystem’s L2 solution, nearing its launch. This upgrade is expected to give the token more utility as it continues to gain mainstream traction.
Nansen, a crypto market research firm, named Shiba Inu the most popular starter crypto for newly funded wallets last week. This is no surprise, as the company tracked $56 million worth of SHIB flow into 12,000 newly made wallets. These figures are a testament to the growing level of interest in the token and its potential to be a game changer in the world of cryptocurrency.
In addition to the potential of Shibarium, Shiba has also entered the world of GameFi with Shiba Eternity. This game was launched back in October 2022, though the version that was launched was not the blockchain version of the game. As of writing, there is still no information on when it will launch.
The Shiba Inu ecosystem has been going through development after development even as fear, uncertainty, and doubt strengthens due to multiple high profile collapses in the world of crypto. Despite this, the token continues to gain traction and popularity. With the launch of Shibarium and the blockchain version of Shiba Eternity, there is no doubt that Shiba Inu will continue to be one of the most popular cryptocurrencies in the market.