Shiba Inu Set for Another Upgrade: Will This Boost SHIB's Price?
Shiba Inu's Current Status: Shiba Inu (SHIB) is experiencing a price decline near its 2-year low, prompting speculation about its future as a major upgrade to Shibarium approaches.
Upcoming Privacy Upgrade: The Shiba Inu team is preparing a significant privacy-focused upgrade for Shibarium, integrating Zama’s Fully Homomorphic Encryption technology to enable confidential smart contracts and enhance privacy across the ecosystem.
Potential Impact of the Upgrade: This upgrade could transform Shibarium from a meme-focused project into a privacy-centric Layer 2 network, potentially attracting new users and developers interested in private transactions and confidential DeFi protocols.
Market Sentiment and Future Prospects: Despite previous upgrades failing to boost SHIB's price significantly, the upcoming privacy features may provide a much-needed catalyst for recovery, as the market awaits a new narrative to drive demand.
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