Shiba Inu (SHIB) Exec Touts Important Industry Collaboration, Will This Reboot Price
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 17 2024- Shiba Inu Team Prepares Ground for Shibarium Launch: The SHIB cryptocurrency team, led by Shytoshi Kusama, is focusing on developing the Shibarium blockchain with strategic collaborations and updates to enhance its infrastructure.
- Development Phases Structured Meticulously: The team is following a meticulous development plan starting with establishing a strong foundation for future expansions and improvements in subsequent stages.
- Shibarium Eyes New Functionalities, Broader Appeal: Ongoing discussions with industry stakeholders aim to introduce new functionalities and enhancements to Shibarium, making it more appealing to a wider audience.
- SHIB Price Decline Amidst Bearish Market Sentiment: Despite the positive developments, SHIB's price has dropped by 8.06% recently, reflecting a bearish market sentiment.
- Increased Trading Volume Indicates Potential Positive Shift: Although the price decline, an 82.54% increase in trading volume suggests a potential positive shift as the project developments progress.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
