Despite its relatively low prices in the crypto market, Shiba Inu has shown that it still holds significant potential. As the world of cryptocurrencies continues to evolve, Shiba Inu remains a token of interest for many investors and enthusiasts alike. In this Shiba Inu price prediction, we analyze how high will SHIB price go.
What is Shiba Inu?
Shiba Inu, often referred to as the “Dogecoin killer,” is a decentralized meme token that grew in popularity due to its community-driven approach. Originating from the Ethereum platform, Shiba Inu was designed to be an experiment in decentralized spontaneous community building. With its cute Shiba dog logo, it quickly captured the hearts of many and became a favorite among meme coin enthusiasts.
BONE Token: What does BONE Crypto Do?
BONE is the governance token of the Shiba Inu ecosystem. It plays a crucial role in the decision-making processes within the Shiba Inu community. Holders of BONE tokens have the power to propose and vote on various proposals, ensuring that the community’s voice is always heard.
Why is Shibarium Important for Shiba Inu?
Shibarium is Shiba Inu’s very own blockchain. It’s a testament to the token’s growth and its community’s ambition. Having its blockchain allows Shiba Inu to operate more efficiently and offers more flexibility in terms of development and expansion.
Recent Developments: BONE’s Listing in Turkey
In a significant move for the Shiba Inu community, the BONE governance token was recently listed on a prominent Turkish cryptocurrency platform. On October 9th, the Turkish-based crypto app, Bitcointry, announced the integration of the Shibarium chain. Furthermore, the BONE token is set to be available for trading on the platform soon. This development not only boosts the token’s visibility but also strengthens its foothold in the global crypto market.
Shiba Inu Price Prediction: Will SHIB Price Go UP?
In the past 24 hours, Shiba Inu’s price has seen a 2.18% increase, and over the past 7 days, it has decreased by approximately 3.88%. Currently, Shiba Inu is priced at $0.00000694. On the other hand, Bitcoin, the leading cryptocurrency, has experienced a slight increase of 0.79% in the past 24 hours but has seen a decrease of 3.69% over the past week.
Given Bitcoin’s current performance and its influence on the broader market, it’s possible that Shiba Inu might experience some volatility in the short term. However, with the recent developments and listings, there’s potential for positive momentum in the near future.