Shiba Inu Devs to Elon: 5 Achievements Changing the Game Since 2021

Shiba Inu developers have made significant strides in the blockchain space since 2021. The team has transformed SHIB from a meme coin into a utility-focused ecosystem. Marketing lead Lucie has outlined five main achievements, calling on Elon Musk to recognize the project's progress. These developments include Shibarium, gaming projects, major partnerships, Shib OS, and the burning mechanism of SHIB. Shibarium and Game Extension Shiba Inu has launched its Layer-2 blockchain, Shibarium, in August 2023. According to our recent analysis, it provides a fast and cost-effective platform for decentralized applications (dApps) and real-world applications. Lucie emphasizes that Shibarium supports ShibDev, a toolkit for developers and gaming features support. Shiba Inu has also expanded into the gaming sector with titles such as Shiba Eternity, Lap Dogs, Shibridge, Shiboshi Rush, and Agent Shiboshi. The metaverse project, SHIB: The Metaverse, enhances user engagement through real rewards. These projects aim to integrate blockchain gaming with decentralized finance (DeFi) (DeFi). Major partnership and Shib operating system The Shiba Inu ecosystem has established important partnerships with Chainlink, K9 Finance, and Zama.ai. In addition, the UAE government has signed official partnership relations to integrate SHIB's technology into governance. These partnerships aim to promote the application of blockchain in AI and finance sectors. Another milestone is Shib OS, launched on Shibarium. Lucie describes it as a comprehensive system providing developers and users with essential tools for trading, gaming, and management. Burning mechanism of SHIB and market impact The Shiba Inu community has introduced Shib Torch, a burning mechanism designed to reduce the circulating supply of SHIB. The system utilizes a portion of Shibarium's transaction fees to remove tokens, supporting the transition from a meme token to a utility asset. According to Glassnode, whale speculation significantly impacts its price volatility. Currently trading at $0.00001274, analysts believe it could rise by 60% if SHIB surpasses key resistance levels. If the upward trend continues, the token could aim for the psychological resistance level of $0.000020. Meanwhile, the price of SHIB has faced volatility. The token rose to 0.00001360 dollars before falling to 0.00001295 dollars. Analysts believe that the price fluctuations of SHIB are related to whale speculation activities. According to ETHNews, SHIB could see a 60% price increase if macroeconomic trends and burning rates are appropriate.

Despite the fluctuations, the Shiba Inu team remains committed to building. As noted in our previous post, marketing director Lucie recently declared, "SHIB is our BTC," emphasizing the long-term vision of the project. The team aims to strengthen the role of SHIB as the foundation of the ecosystem, including BONE and other ecosystem tokens.