Shiba Inu: twelve months to conquer the world

The Shiba Inu crypto-meme will definitely have convinced more people than one could imagine. After the many whales he has seduced, it is the turn of the founder of Gokhshtein Media, David Gokhshtein, to affirm that Shiba Inu has an excellent model and that the next 12 months could be decisive for this cryptocurrency.

Shiba Inu and his big plans for the days ahead

It is not for nothing that in January, Shiba Inu promised a year full of surprises. Several projects have indeed been announced for the coming months: shibariumwhich will be layer 2 in which SHIB : a Metaverse will be developed, as well as SHI, a stablecoin in the Shiba ecosystem. In total, therefore, three major projects to be implemented. We thus understand that David Gokhshtein speaks of what the next 12 months would be decisive for the crypto-meme.

And the various projects are not for the distant future: most have already been launched. Thus, an enterprise blockchain solutions provider, Unification Foundation, announced that a public testnet of Shibarium could be launched in the coming months, with a public beta to follow soon after.

Similarly, at the end of March, Shiba Inu unveiled their Metaverse titled “SHIB: The Metaverse”, which includes a total of 100,595 plots. The current introductory phase aims to unlock 36,431 plots. According to statistics shared by @Shibainuart, the number of current owners is over 5,100, with 18,700 plots purchased to date.

The SHIB Burning portal to increase the value of the crypto-meme

Late last month, Shiba Inu developers, in collaboration with decentralized finance project Ryoshi’s Vision (RYOSHI), launched its burn portal. Currently, over 25 billion SHIBs have been burned since the portal’s operations began. SHIB, which started with a quadrillion tokens, currently has 589,660,931,651,466 tokens in total supply and 553,076,966,457,951 in circulating supply, according to Shibburn’s website. The reduction in circulating supply achieved by the burning efforts of the SHIB Army and the Burning Portal is intended to make the SHIB rarer, which could potentially boost its value.

The team behind the meme currency says Burning Portal users will receive RYOSHI token rewards every two weeks starting May 17. Owners of burnt SHIB tokens are also entitled to 0.49% of all transactions.

Meanwhile, Shiba Inu-themed restaurant Welly’s recently announced that the SHIB community will have a 15% stake in its business. Welly’s recently announced its decision to burn a certain percentage of revenue received into SHIB tokens, joining the burn bandwagon.

Like all cryptocurrencies, SHIB saw a drop and is trading down 6.23% at $0.000020. Despite this state of price, difficult not to share the opinion of David Gokhshtein to know that the current model of SHIB seems interesting. Moreover, if the various projects currently underway come to a successful conclusion, the blockchain, but also the cryptocurrency will experience greater growth.

Source : U°TODAY

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Luc Jose Adjinacou

Far from having dampened my enthusiasm, an unsuccessful investment in a cryptocurrency in 2017 only increased my enthusiasm. I therefore resolved to study and understand the blockchain and its many uses and to relay with my pen information relating to this ecosystem.

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Shiba Inu: twelve months to conquer the world


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