The Shiba Inu (SHIB) community is excited about an October 28 Shiboshis NFT upgrade on Shibarium.
By announcing their intention to release a significant update on Monday, the Shiba Inu community has once again caused a commotion in the cryptocurrency sector as a whole. The marketing head for the meme coin recently disclosed that the team behind the coin is currently working on a strategic upgrade for Shiboshis in Shibarium.
Shiba Inu Exec Shares ‘Shiboshis Strategic Update’
While all this is happening, enthusiasts in the cryptocurrency market are debating the future price action of SHIB in light of the current changes in the ecosystem. On October 28, Lucie, the marketing lead for Shiba Inu, detailed her plans to upgrade the Ethereum-based non-fungible tokens that are part of the SHIB ecosystem in a post on X.
There are “big things on the way for Shiboshis on Shibarium,” as stated in the post that Lucie has written. Following the publication of this remark, market participants all across the world have expressed a significant amount of optimism over the meme coin.
Furthermore, the marketing lead specifically revealed upcoming advancements for Shiboshis, non-fungible tokens founded on SHIB’s layer 2 blockchain technology. The NFT will be an integral component of the SHIB ecosystem in the future thanks to these additional features, which include increased utility, exclusive events and prizes, and a more focused approach to the aforementioned goal.
In accordance with this initiative, the NFTs continue to be in a position to acquire new features and roles, as well as special events and incentives, which will signal a major step forward for the industry.
Moreover, Lucie mentioned that the team will concentrate on reducing the cost of gas and progressively bridging the gap on the network during the process. According to the SHIB marketing lead, “Shiboshi holders are sharing their best tips on how to bridge for as little as $2”.
While this was going on, Shiba Inu was trading in the red region today, which prompted investors to speculate about future moves in light of current events. At the time of this report, the price of SHIB was trading at $0.00001687, representing a decrease of almost 1% over the course of the previous twenty-four hours.
The cryptocurrency recorded a low of 0.00001683 and a high of $0.00001732 during the day. Today’s declining activity is consistent with the general trend in the meme coin industry.
On the other hand, participants in the cryptocurrency market continue to have a positive outlook on the coin’s long-term prospects. Developments like the ones described above are primarily responsible for this.
The supply of the meme coin has significantly decreased, primarily due to an increase in the SHIB burn rate. We will also be implementing forthcoming enhancements for Shiboshis on Shibarium.
This rise in burn has added a bullish tinge to the coin’s future. There has also been a significant increase in the activity of shibarium, which has further led to optimism over its future price movements.
