The community has been greatly delighted with Shiba Inu (SHIB) following an intense rally held throughout the last week. According to recent market statistics, the price of the digital currency is reversing; in the last day alone, the token has dropped 3.56% to $0.00003782. Shiba Inu has still increased by 243.83% over the last seven days despite this sell-off.
The mainstream market’s general enthusiasm, which has been fueled by Bitcoin’s price spike to an all-time high (ATH), is the major foundation for the success tale of Shiba Inus that has emerged thus far in March. The second is the upgrade that Shytoshi Kusama hinted to for the Shiba Inu environment.
In one of the most recent updates, Kusama made a prediction indicating that Shiba Inu’s long-term worth may approach $100 billion. This prediction was made when the price of Shiba Inu recovered to $0.00004, with a market value of more than $13 billion. Shiba Inu (AVAX) is now the 10th biggest cryptocurrency, surpassing Avalanche (AVAX) because to its recent increase in market value.
Shiba Inu’s durability is demonstrated by the price staying above the $0.000035 mark despite the current downturn.
Future expectations
Shytoshi Kusama said on his official X account that he has been meeting and consulting with partners on a noteworthy service with a Shib theme that is set to launch shortly.
The chief developer for Shiba Inus hopes to take advantage of the current surge in popularity of the breed to provide new goods that will enhance the rally. Shytoshi Kusama revealed this week that D3 and Shib Name Service (SNS) will be launching.
Shiba Inu is now in the news as it attempts to replace Dogecoin (DOGE), but Kusama is hopeful that more of these goods and services might support the SHIB’s continuous upward momentum.
