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Shiba Inu Insider Reveals Top 5 Shibarium Investment Rules

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In a post on X (formerly Twitter), Lucie, the marketing lead for Shiba Inu, has provided potential investors with a new set of guidelines for evaluating projects within the Shibarium ecosystem, a dedicated layer-2 blockchain aimed at enhancing the Shiba Inu network. This guidance focuses on critical factors that reflect a project’s contribution to the ecosystem’s growth and sustainability.

Five Investment Rules For Shibarium Projects

1. SHIB Token Burn: Lucie emphasized the importance of SHIB token burning as a primary metric. Token burning, or permanently removing tokens from circulation, is a strategy used to induce scarcity and potentially enhance the token’s value over time. Lucie assesses the impact of SHIB burns on the ecosystem’s overall health and price stability.

2. Metaverse Development: The second rule focuses on whether projects are planning or currently building within the Shiba Inu Metaverse. As SHIB: The Metaverse represents a burgeoning area for development, investments in this space could signal forward-thinking and innovative capabilities within the Shibarium projects.

3. Engagement with BONE Token: BONE ShibaSwap (BONE), serves as the gas token for transactions within Shibarium. Lucie queries whether a project is involved in burning BONE or creating utilities around it that increase its appeal and functional use within the ecosystem. This utility can significantly impact the token’s demand and usage patterns.

4. LEASH Token Utilization: Another crucial factor is the use of Doge Killer (LEASH), another significant token in the ecosystem. Projects’ plans for incorporating LEASH into their functionalities or governance structures reflect their integration depth within the Shibarium network.

5. Verified Contributions to Shibarium: The final criterion involves assessing the tangible, positive contributions a project has made towards improving Shibarium, with a necessity for these contributions to be verifiable on the blockchain. This transparency ensures that the projects not only promise but also deliver real value to the ecosystem.

Examples Of Shiba Inu Projects Meeting Lucie’s Criteria

Lucie named several projects that exemplify her investment rules. WoofSwap, for example, has been a proactive participant in SHIB and BONE burning through its inscription tokens and the launch of its meme coin, DAMN. This activity helps reduce the circulation of key tokens, potentially driving up their value.

Shib Dream and Shib CoOp were cited for their contributions to building within the Shiba Inu Metaverse, a significant area of development that could herald new utility and user engagement within the ecosystem. K9 Finance has been noted for enhancing liquidity and staking mechanisms for BONE, creating more robust economic incentives and utility for the token.

In terms of blockchain-verifiable contributions, projects like LumiBots, Mantra Protocol, NestX, and Shib CoOp assist in NFT adoption on Shibarium, facilitating a broader use case for digital assets within the ecosystem. DEX MARSWAP was highlighted for its role in facilitating Shiboshis staking and supporting new projects within the ecosystem.

Shib Dream responded enthusiastically to Lucie’s endorsement: “All great projects! We have burned over a Billion Shib. Invested over 30K in Shibarium Projects. Building in the Metaverse. Gave back over $60K to the community. Good Deeds – Over $10k in Donations. Not using Leash yet going to figure that out. Other things coming soon. SHIBARIUM. Keep Building. Keep Dreaming.”

At press time, SHIB traded at $0.00002360.

SHIB breaks the symmetrical triangle to the downside, 1-day chart | Source: SHIBUSD on TradingView.com

Featured image created with DALL·E, chart from TradingView.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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April 15, 2024
Crypto Expert Predicts Massive Shiba Inu Run As Price Mirrors 2021
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Crypto expert Rekt Capital has suggested that Shiba Inu (SHIB) could follow a similar trajectory to its move back in 2021. If so, this sets up the crypto token for a parabolic move that could see it hit its all-time high (ATH) and even surpass it.

2024 Shiba Inu To Mirror 2021 Action

Rekt Capital mentioned in an X (formerly Twitter) post that SHIB’s retest was successful and that history was repeating itself. According to him, SHIB needs to break above the $0.000033285 price range to begin its uptrend continuation. In a previous post, the crypto analyst raised the possibility of SHIB’s price action mirroring the one from 2021.

He noted how SHIB came close to that price range but couldn’t break this resistance level. This was the same thing in late 2021, as Shiba Inu didn’t break that resistance level on the first attempt. That forced the meme coin to retest the $0.000026041 price level as a new support before confirming further upside.
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Source: X
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This time, Shiba Inu also retested that $0.000026041 price level during its recent price dip, which was partly caused by a wave of profit-taking. The meme coin showed great resolve and somehow managed to hold above that level, and it has since made a good recovery.

Now, it needs to break above the $0.000033285 price range to confirm that history is repeating itself and that a price surge to the one in 2021 is on the horizon. 2021 was SHIB’s breakout year when it enjoyed a mouth-watering gain of 46,000,000% on its way to an ATH of $0.00008845 in October 2021.

Analysts Optimistic About Shiba Inu’s Future Trajectory

Rekt Capital isn’t the only one optimistic about SHIB’s future trajectory. Crypto analyst and trader Xanrox recently predicted that SHIB could rise to $0.00008854 by July, representing a new ATH for the meme coin. Interestingly, that looks to be only the starting point for the meme coin, as other analysts have predicted that SHIB could shed another zero.

One of them is crypto investor and analyst Oscar Ramos, who expressed his bullish sentiment about the meme coin when he predicted it could rise to $0.0001. Technical analyst Javon Marks also echoed similar sentiments when he suggested that SHIB could rise to as high as $0.0001553.

Meanwhile, crypto analyst Ali Martinez once suggested that SHIB’s price gain in 2021 could be nothing compared to what lies ahead for the meme coin. Specifically, Martinez predicted that Shiba Inu could see a historic 122,000% price surge to $0.011.

At the time of writing, SHIB is trading around $0.00003116, up over 3% in the last 24 hours according to data from CoinMarketCap.
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SHIB price at $0.00003 | Source: SHIBUSDT on Tradingview.com
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Featured image from Coinpedia, chart from Tradingview.com

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
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March 29, 2024
Shiba Inu (SHIB): Worth an Investment Right Now?

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Shiba Inu, one of the world’s most valuable cryptocurrency assets by market cap, has seen immense retail demand in the last few months. The meme coin started this year with a market cap of a few million dollars, now the digital asset has a market cap of approximately $10 billion.

SHIB (Coinmarketcap)

Dogecoin’s largest competitor developed a strong following in the last 8 months. While the biggest reason behind SHIB’s recent rally is its retail craze, institutional investors have started considering Shiba Inu as a good portfolio diversifier. Amid the latest price surge, large SHIB transactions have surged substantially, indicating that Shiba Inu whales are planning to hold the world’s 21st largest cryptocurrency for the next few years.

So, is it only FOMO (fear of missing out) or some serious investors have started adding Shiba Inu to their crypto portfolios? Finance Magnates asked crypto experts about their views on the latest SHIB rally and the importance of Shiba Inu as a portfolio diversifier.

Difficult to Ignore Shiba Inu

“6 months ago, if someone had asked me about “social awareness” tokens (meme coins) such as SHIB or DOGE, I would have NEVER considered them an investment. However, 6 months later, it is clear for me to see that you CANNOT ignore the social power of these tokens in terms of Return on Investment. So, there may be something to these tokens,” Johnny McCamley, Founder of CryptoClear, commented.

“The goal of SHIB was and still is to catch up to DOGE and ultimately surpass DOGE. It isn’t too far away at $10 Billion (SHIB), $30.8 Billion (DOGE). Again, this [is] illustrating that community is an extremely powerful catalyst- for tokens with close to zero utility,” he added.

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While Shiba Inu is the biggest competitor of Dogecoin, its dynamics are completely different from other digital assets like XRP, BTC or ETH. McCamley believes that a meme coin portfolio is a risky option but an option at least.

“So, I have decided to create a ‘meme coin’ portfolio alongside my DeFi, Smart Contract portfolios. I have chosen to allocate $5K to this Meme tokens portfolio-spread amongst the top meme coins. To me, this is a complete ‘gamble’ riding on the social power of the community behind the token to drive the price, unlike actual utility for other Crypto Assets in my Portfolio. To me, this meme coin portfolio is the riskiest investment portfolio I have made EVER, but it is clear to see now, for me, that I should allocate a very small amount of capital to these projects, don’t sleep on meme coins,” McCamley said.

FOMO?

Joaquim Matinero Tor, a Blockchain Associate at Roca Junyent, said that he is not sure about the scalability ambitions of the Shiba Inu project, but FOMO is playing a major role in the latest price rally.

“Shiba Inu is still part of the FOMO strategy of most crypto adopters waiting for a new DogeCoin and obtain more than 7400% in less than 5 months. I’m quite sure SHIBA will jump also into an NFT ecosystem, but I’m not sure about its project and scalability ambitions. I could be wrong but nowadays only crypto-fans are interested in this kind of token,” Tor commented.

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October 15, 2021
Shiba Inu (SHIB) is now available on Coinbase

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Starting today, Shiba Inu (SHIB) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store SHIB in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro .

Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a circulating supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.

One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see SHIB), as well as a new section of the Coinbase website to answer common questions about crypto.

Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store SHIB today.

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Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

All images provided herein are by Coinbase.

Shiba Inu (SHIB) is now available on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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September 16, 2021
Shiba Inu (SHIB) DEX ShibaSwap Exceeds 1.5B TVL, Adds Three New Pairs
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Shiba Inu, a famed meme coin, has recently unveiled its DEX ShibaSwap. This comes on the heels of the growing popularity of SHIB as holders continue to show faith in the coin.

The coin which was started as a joke has seen a lot of growth and seems to be taking a more serious tone as time goes by. The developers are bent on showing the market that Shiba Inu has moved on from meme coin territory into serious coin territory.

Related Reading | Coinbase Pro To List Shiba Inu, The “Dogecoin Killer” Price Soars

One of the ways the project has shown this newfound seriousness is in the release of its very own DEX named ShibaSwap. ShibaSwap works like any other DEX, the likes of Pancakeswap, SushiSwap, and Uniswap. With the launch of ShibaSwap has come a lot of possibilities for the holders of Shiba Inu tokens.

So far, the total value locked (TVL) of coins on ShibaSwap has exceeded $1.5 billion. Getting over $1 billion TVL in just two days after the launch.

What ShibaSwap Offers

On the website are various ways that Shiba Inu holders can get rewards for staking their SHIB coins on the platform. On the back of this has been the release of two new tokens; LEASH and BONE.

These tokens were not made available to buy until the ShibaSwap DEX was launched. Holders can “dig” on the platform to earn BONE tokens. The term “dig” in this context just refers to SHIB holders providing liquidity on the platform.

Holders can also “fetch” on ShibaSwap. This is done by migrating UNI V2-LP or SLP tokens and holders get BONE coins in return for fetching.

Continuing on this path, holders of Shiba Inu tokens can also “bury” tokens. “Bury” refers to staking SHIB tokens in order to get rewards on your staked coins. Holders can alternatively bury their SHIB tokens, LEASH, or BONE tokens using this feature. Burying is not yet live on ShibaSwap and is slated to be coming soon to the DEX.
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Price of SHIB down 2% in the last 24 hours | Source: SHIBUSD on TradingView.com
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The ShibaSwap DEX also provides swapping features for holders. Here, holders can swap their coins for any token listed on the platform. The tokens that can be swapped on ShibaSwap are not just limited to SHIB tokens. Users can swap a wide variety of tokens for other tokens. Eth being one of the most prominent that can be swapped on the DEX.

“Woof” is a feature that enables holders to get returns when they stake their SSLP tokens. It allows holders to farm for coins with their staked tokens.

The Bonefolio featured which has not yet launched will allow holders to track their token activities across the DEX, referred to as dogalytics on the SHIB website.

Three New Token Pairs

A recent announcement revealed that Shiba Inu would be adding three new pairs on their DEX ShibaSwap. This comes a week after the decentralized exchange had launched to much anticipation from the token holders.

The official Twitter account of Shiba Inu announced the three new token pairs and these included an ETH-USDT pair (300 AP), a LEASH-BONE pair ( 900AP), and a SHIB-BONE pair (600 AP).

The price of SHIB saw a small uptick in response to the announcement but this did not last long as the price of the coin took a nosedive shortly after the uptick.

Related Reading | Dog Eat Dog: Elon Musk Leaving Doge Behind For New Dog Coin?

Regardless of the price reaction to the news, the new pair additions have been strongly encouraged, with the official SHIB account stating that they believe the additional pairs with help to build the momentum behind ShibaSwap. They hope to achieve this by “incentivizing our ecosystem, widening their reach to external users, and providing more USDT liquidity, (which will help #ShibaSwap run smoothly with more and more rewards).”

SHIB is currently trading at $0.00000770, and BONE and LEASH are listed on SHIB’s website at $5.38 and $2587.2 at the time of this writing.
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Featured image from Currency.com, chart from TradingView.com
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July 12, 2021