Shiba Inu (SHIB) has been making waves in the crypto space with some exciting developments. Here are some of the latest updates:
- Current Price: SHIB is trading at $0.00001302, with a 3.43% increase in the last 24 hours. The market cap stands at $7.67 billion.
- Burn Rate: The Shiba Inu burn rate skyrocketed by 57,069.02% with over 1 billion SHIB tokens permanently removed from circulation in a single transaction. This significant burn event has sparked interest in the community.
- SHIB Pay: Shiba Inu announced the launch of SHIB Pay, a new crypto payment layer for merchants featuring fast settlements with zero intermediaries and worldwide coverage.
- SHI Stablecoin: Shibarium, Shiba Inu's Layer-2 blockchain, is set to introduce its own stablecoin, $SHI, pegged to $0.01. This stablecoin aims to help crypto investors mitigate risks during market fluctuations and will play a crucial role in Shibarium's liquidity provision and yield farming.
- DeFi Innovations: Shib Finance plans to introduce reputation-based lending, undercollateralized loans, and private DeFi tools, pushing the ecosystem towards trust-based inclusive finance
Some analysts predict potential growth for SHIB, with one analyst suggesting it could explode +500% towards $0.000081. However, others caution that the market is volatile, and prices may fluctuate