Shiba Inu’s recent skyrocketing price has been driven by several key factors. First, the launch of “Shibarium,” an Ethereum-based solution to improve transaction speed and efficiency. A week after its launch, its associated assets reached $3.64 million, increasing the interest of the community and investors. Second, a new stablecoin called SHI will be launched soon, which will help stabilize liquidity and attract investors. Finally, the “Shibdentity” project is promoting digital identity adoption within Shiba Inu’s decentralized financial system.
