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Shytoshi Kusama’s latest update about More TREATS has sent waves of excitement through the Shiba Inu community. With the SHIB price rebounding and Shibarium reaching major milestones, optimism around the token’s future is on the rise.
Shiba Inu Launches SHIB: The Metaverse
Leading SHIB developer Shytoshi Kusama highlighted the launch of "SHIB: The Metaverse" on December 25th in an X post.
One of the most prominent meme crypto communities centered around dogs has recently achieved a major milestone with this undertaking, which has increased its visibility in the market. Furthermore, it has added gasoline to the fire of speculation regarding a possible future price increase for Shiba Inus.
In response to this development, Kusama wrote, “Merry Christmas to you all. More TREATS on the way SOON.” The wider industry is eagerly awaiting the TREAT launch, which is happening soon, and this comment has become very popular.
Treat Token Could Revolutionize Shiba Inu Ecosystem
More specifically, the new currency is anticipated to improve the governance of the crypto ecosystem and its DeFi capabilities. In sum, the improved offers lay the groundwork for additional market engagement with the asset, suggesting hope for its future pursuits.
At the same time, CoinGape disclosed that Shibarium, the ecosystem's layer-2 network, also experienced an unprecedented increase in activity. According to reports, the number of Shibarium addresses has surpassed 2.02 million, which is a huge step forward for the community behind the dog-themed meme coin.
Shibarium Growth Sparks Confidence in SHIB Price
As the token's ecosystem keeps bringing forth revolutionary market changes, the latest advancements have sparked a great deal of confidence over the Shiba Inu price.
The SHIB price is now trading at $0.00002307, having gained 3% intraday as of the reporting time. Given the recent volatility in the market, however, the weekly chart showed a 10% decline. However, as the most recent on-chain statistics indicated a continuous upward trend for SHIB, according to a recent CoinGape study.
The article states that there has been a significant decrease in the exchange supply of meme currency in the past few days, suggesting that investors are selling their assets in anticipation of future gains. The asset's market bullishness was bolstered by the recent extraordinary spike in SHIB whale activity.
In addition, prominent crypto analyst Ali Martinez recently had an appearance on X, where he revealed that the Shiba Inu price is anticipated to rebound to $0.000026 or possibly $0.000029.
On the daily chart, the TD Sequential indicator gave a buy signal as of December 24. This bullish prognosis is in line with that. In view of the aforementioned occurrences, market observers are still monitoring the coin's price for any additional shifts.
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