Shiba Inu Teases Significant Updates: Could a 10x Price Rally be on the Horizon for SHIB?

Shiba Inu

Shiba Inu prices have risen significantly in the previous month, from below $0.00001 to above $0.00004, and are now only 50% off their all-time high. This has increased the optimistic mood among SHIB investors as crypto experts continue to urge greater prices, one of which was co-signed by Shytoshi Kusama, Shiba Inu’s principal creator.

Major Update Coming Soon!

In a post on X (previously Twitter), crypto expert Jake Gagain projected a very favorable price for the Shiba Inu. According to him, the meme coin’s market valuation might reach $100 billion during the bull market.

“$SHIB Will Reach $100 Billion This Cycle,”

the post stated.

However, the recent hype about the Shiba Inu updates has provided Shiba Inu the momentum it needed. Shytoshi Kusama took to Twitter to tease Shiba Inu’s upcoming avenues.

Shytoshi tweeted on X:

“While they sleep… we’re up, in meetings, talking to the other side of the world for the upcoming announcement and release of an important Shib-themed service/ product.”

The news sparked debate over whether it was tied to Defi inventions. The whole shibarium community is anxiously awaiting the upgrade; credit goes to its committed crew, which has allowed it to recover from market downturns.

Shiba Inu’s Value to Exceed $100 Billion

The token, which is now down 3.56%, is still up 243.83% in the last week. According to Kusama’s projections, Shiba Inu’s long-term value might exceed $100 billion. It is presently the eighth biggest cryptocurrency, surpassing Avalanche (AVAX) and trailing only Dogecoin.

Shiba Inu recently announced the availability of version 1.1 of the Shib Name Service. On March 4, existing name token transfers were suspended for two hours to collect a snapshot for airdropping the updated new Shib names, which was done in collaboration with D3 Inc.

While the entire community is hopefully waiting for the news, some individuals responded to the news by moaning about how long it is taking to reveal the news, while others wondered whether this is just hype. The spotlight is now on Shiba Inu as it prepares to achieve new milestones and replace Dogecoin, which will reconstruct the SHIB landscape.

Author: Simeon

Simeon is a seasoned crypto writer with a passion for exploring the fascinating world of blockchain and digital currencies. With a background in finance and technology, Simeon brings a unique perspective to his writing, delving into the complexities of decentralized finance, cryptocurrency trading, and emerging blockchain projects.