The market value of the well-known canine currency SHIB, which claims to be about more than just memes, has surpassed $6 billion.
According to the analytics platform CoinMarketCap, SHIB now has a market cap of $6,388,003,624 and a $593,528,650 trade volume.
The most popular cryptocurrency with a canine motif has had a significant increase over the last day, rising by 8.15%, and a weekly increase of over 20%. As a result, the coin now only costs $0.00001083, down from its original $0.00001083 price.
Before this, IntoTheBlock disclosed that SHIB had seen an astounding holders’ inflow of 1,194% as whales had loaded up on additional Shiba Inus, as reported by U.Today.
Before the forthcoming debut of Shibarium, which is anticipated to happen during the Blockchain Futurist Conference in Toronto, Canada, on August 15–16, these significant positive developments for SHIB are taking place. The pseudonymous head of SHIB, Shytoshi Kusama, will make a speech using AI technology as one of the event’s key sponsors. By doing so, he will be able to conceal his real identity and talk under the pseudonym.
Before the eagerly anticipated Layer-2 solution Shibarium’s release, Kusama said that three additional important “partnershibs” are on the way, of which one has already been signed. According to a recent Telegram post from Shytoshi, via it, the SHIB team will see an influx of excellent expertise. Later on, the other two partnerships will be made known.
Recently, Kusama also made an odd claim that appears to be an equation—”SHIB > X”—but is actually a barb at Elon Musk’s social media behemoth. Kusama said that he wasn’t criticising X specifically; rather, he was issuing a warning to everyone who would try to imitate Shibarium.
According to Kusama, SHIB and Shibarium are the two biggest blockchain companies, and anyone attempting to duplicate them will spend a lifetime trying without success.
