In an attempt to bring positivity, Shiba Inu’s marketing lead Lucie shared on X that ShibaSwap, a DeFi platform within Shiba Inu’s ecosystem, is expanding to Ethereum and Shibarium. This move aims to increase interoperability and potentially attract more users.
As a crypto investor in the Shiba Inu community, I’m excited to share some positive news that recently came to light. Our marketing lead, Lucie, made an announcement on X about significant advancements taking place within our ecosystem. One of these developments is the expansion of ShibaSwap (BONE), our decentralized finance platform, which will soon be multi-chain and accessible on both Ethereum and Shibarium networks.
The announcement has created quite a stir within the Shiba Inu community, as it’s believed that Shibaswap’s governance token, BONE, could see significant gains. According to Lucie’s hint, BONE on Shibaswap experienced a noticeable decrease in value at the time of reporting, which has fueled discussions among crypto market observers worldwide.
ShibaSwap Goes Multi-Chain: Whatโs The Catch?
Based on Lucie’s recent update on X, ShibaSwap intends to expand its presence across multiple blockchains โ specifically, Shibarium and Ethereum. This strategic initiative by the meme coin community aims to improve interconnectivity and could potentially draw a larger user base.
ShibaSwap represents a Decentralized Finance (DeFi) solution nestled in the Shiba Inu community, designed to enhance the potential and features of the SHIB token world. Key offerings encompass opportunities for earning passive income through mechanisms such as staking, liquidity provisioning, and yield farming, all tailored specifically to the Shiba Inu meme currency.
As a crypto investor, I’m excited about the upcoming announcement that will take ShibaSwap’s functionalities beyond the Binance Smart Chain to Ethereum and Shibarium. This expansion is significant for Shiba Inu and its ecosystem, as indicated by Lucie in her post. The BONE token, which serves as both ShibaSwap’s governance token and Shibarium’s gas fees token, stands to benefit greatly from this growth. This optimistic development paves the way for a promising future for Shiba Inu and its related tokens, instilling confidence and positivity among crypto market participants.
#ShibaSwap is going multi-chain, operating on both #Shibarium and Ethereum.
Who knows what the future holds? We’re expanding our horizons.
Don’t forget, $Bone is the Shibarium gas fee token. IYKYK
โ ๐๐๐๐๐ | SHIB.IO (@LucieSHIB) April 29, 2024
Hereโs a deeper dive into the ecosystem tokensโ price actions at press time.
SHIB, BONE, & LEASH Prices Dip, Is a Recovery Possible?
I’ve observed a significant decline in SHIB‘s price today, with a 6.65% drop leading it to trade at $0.0000235 as of now. Similarly, BONE on ShibaSwap has dipped by 4.45%, settling at $0.5872 in the process. LEASH, known as Doge Killer, has also taken a hit, sliding 5.54% to reach a price of $399.94.
Despite a significant drop in value for tokens within the Shiba Inu ecosystem today, it’s important to recognize that the community remains optimistic due to upcoming upgrades. These enhancements include an announcement boosting confidence in BONE, as well as plans for a hard fork named Shibarium and potential development of a layer 3 for the meme token.
Together, this gives a clear and strong indication of optimism among crypto investors about the future direction and value of the meme coin’s cryptocurrency project and price trends.
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2024-04-29 11:39